ALTÉRRA, the globe’s leading private climate investment vehicle, has completed its inaugural co-investment by committing $100 million to Evren, an Indian renewable energy company. This move, undertaken in partnership with Brookfield Asset Management and other investors, is designed to accelerate the deployment of clean energy in one of the world’s fastest-growing major economies. The investment was executed through the ALTÉRRA Acceleration Fund and marks the fund’s first direct investment into the Global South, underscoring ALTÉRRA’s commitment to directing capital toward scalable, impact-driven climate initiatives in regions with significant energy demand growth. The funding will enable the development of roughly 11 gigawatts of solar, wind, and battery storage projects across the Indian states of Rajasthan and Andhra Pradesh, a portfolio poised to contribute meaningfully to India’s ambitious renewable energy target. India has set a national goal of reaching 500 gigawatts of renewable energy capacity by 2030, and this funding aligns with that trajectory by accelerating a diversified mix of clean energy technologies.
ALTÉRRA’s First Co-Investment: Details, Partners, and Scope
ALTÉRRA’s landmark co-investment represents a strategic milestone for both the fund and the broader climate finance ecosystem. By deploying capital through the ALTÉRRA Acceleration Fund, the transaction demonstrates ALTÉRRA’s ability to mobilize institutional capital and direct it toward projects that are both financially compelling and environmentally impactful. The investment is not a one-off contribution; rather, it signals a scalable model for channeling private capital into emerging markets where policy momentum and market readiness converge to create investable opportunities with tangible decarbonization benefits.
The deal was structured as a joint investment with Brookfield Asset Management, a partner known for its extensive operational capabilities and global footprint in energy infrastructure. The collaboration leverages Brookfield’s deep experience in asset development, project execution, and asset optimization, which complements ALTÉRRA’s mission to accelerate capital deployment into climate solutions. The presence of Brookfield in this co-investment amplifies the potential for value creation across the project lifecycle—from early-stage development through to project delivery and long-term operation. The investment also included contributions from other investors, forming a diversified syndicate that shares risk while expanding the pool of capital committed to India’s energy transition.
The core objective of the funding is straightforward yet ambitious: catalyze the deployment of approximately 11 GW of solar, wind, and battery storage capacity across two strategically chosen Indian states—Rajasthan and Andhra Pradesh. This geographic focus is significant. Rajasthan’s grid dynamics, solar irradiation profile, and energy demand patterns present opportunities to scale solar and storage solutions that can alleviate peak-time stress on the state’s power system. Andhra Pradesh, with its growing energy demand and favorable regulatory environment for renewables, offers further potential for wind and solar deployment, complemented by storage to enhance grid reliability and resilience. The multi-technology approach—solar, wind, and battery storage—reflects a recognition that a diversified clean energy mix is essential for system stability, energy security, and long-term affordability. The expected rollout of these projects is aligned with India’s national target, contributing to the acceleration of renewable capacity additions at a pace that can help close the gap between current capabilities and future energy needs.
In addition to the financial infusion, the Evren investment emphasizes the strategic importance of domestic manufacturing and supply chain resilience in India’s energy transition. Evren’s role as a key player in strengthening India’s clean energy ecosystem stems from its collaboration with domestic manufacturers for wind turbines and solar modules. This homegrown approach supports local production capacity, creates jobs, and reduces dependency on imported components—factors that are critical to building a robust and resilient energy sector. By prioritizing local manufacturing, the investment not only advances clean energy deployment but also promotes broader economic development and industrial competitiveness within India’s renewable energy value chain. The implication is that the project seeks to deliver reliable, affordable energy while fostering domestic capabilities that can sustain and scale clean energy adoption over time.
From a macroeconomic perspective, the investment comes at a moment when India’s growth outlook remains robust. Projections suggest GDP growth around 6.5 percent in 2024, signaling sustained expansion in a demand-rich environment. As the economy grows, so does the demand for energy, underscoring the necessity of clean energy sources to meet rising consumption without exacerbating emissions. The transition to cleaner energy is projected to require substantial capital—estimates indicate as much as $300 billion in investment by 2030—to support continued economic expansion, the rapid evolution of energy storage technologies, and regulatory reforms designed to improve the renewable energy investment climate. The ALTÉRRA-Evren-Brookfield alliance directly contributes to this agenda by providing a significant, early-stage infusion of capital that can unlock further investments from other players and demonstrate the viability of large-scale clean energy projects in complex markets.
Majid Al Suwaidi, CEO of ALTÉRRA, framed the deal as a concrete manifestation of the fund’s mission in action: catalyzing capital into climate initiatives that are scalable, economically compelling, and capable of delivering real impact. He emphasized that investing in India’s fast-growing economy serves multiple objectives: facilitating reliable and affordable energy generation, unlocking investable opportunities, and contributing to a broader reconfiguration of how and where the world invests. According to his remarks, ALTÉRRA’s mission extends beyond financing projects; it seeks to reshape investment patterns globally by prioritizing solutions that drive meaningful climate impact and build resilience across energy systems. The commitment also signals a broader strategic intent to deploy capital into both developed and developing markets, with an emphasis on projects that can scale and deliver measurable returns while advancing the transition to a low-carbon economy.
Connor Teskey, President of Brookfield Asset Management, welcomed the co-investment as a milestone in the ongoing collaboration between the firms. He highlighted that combining Evren’s robust development pipeline with Brookfield’s extensive operational expertise creates a powerful platform for advancing India’s renewable energy targets. The joint investment is portrayed as a dual achievement: it strengthens India’s energy security by diversifying the energy mix and enhances economic growth by expanding investment activity and job creation associated with the construction and operation of new clean energy assets. Teskey underscored the value of such partnerships in accelerating the global energy transition and in demonstrating how private capital, when mobilized effectively, can unlock large-scale clean energy deployment in emerging markets.
The Evren transaction also fits within ALTÉRRA’s broader investment framework and Brookfield’s Global Transition Fund II (BGTF II). Evren’s inclusion as a recent addition to Brookfield’s portfolio signals alignment with Brookfield’s ongoing strategy to scale climate-related investments in markets around the world. BGTF II is still in a fundraising phase following a strong inaugural vintage that raised a record $15 billion, marking one of the most ambitious funds targeting the energy transition to date. ALTÉRRA’s own commitment of $2 billion to BGTF II during COP28 positioned the fund as a leading third-party investor, reinforcing its role as a catalytic institution capable of mobilizing substantial capital from diverse sources. The Evren deal, therefore, is not an isolated transaction; it embodies ALTÉRRA’s broader approach of mobilizing institutional capital into both mature and emerging markets and reflects its expanding influence in the global clean energy landscape. The transaction highlights ALTÉRRA’s ability to unlock capital for high-impact projects and demonstrates its intent to scale up investments that deliver tangible climate and economic benefits in 2025 and beyond.
In summary, ALTÉRRA’s first co-investment with Evren, Brookfield, and other partners represents a transformative step in demonstrating how a new generation of climate-focused investment vehicles can collaborate across borders, leverage private capital, and drive substantial momentum in the global transition toward cleaner energy. The investment underscores a strategic emphasis on diversified clean energy portfolios, resilient supply chains through domestic manufacturing partnerships, and the deployment of large-scale capacity in key Indian states. It also reinforces ALTÉRRA’s reputation as a catalyst for capital deployment that can unlock further investment, accelerate the realization of renewable energy targets, and demonstrate a replicable model for private capital mobilization in both developed and emerging markets.
Evren: A Key Company Supporting India’s Energy Transition
Evren stands out as a pivotal participant in India’s broader energy transition narrative, with a focus on strengthening the country’s clean energy ecosystem through a recognition of local manufacturing capabilities and supply chain resilience. The company’s approach centers on collaboration with domestic manufacturers for wind turbines and solar modules, a strategy aimed at bolstering local production capacity and reducing exposure to international supply chain disruptions. By anchoring its operations in the domestic manufacturing landscape, Evren contributes to the growth of India’s renewables sector in a way that emphasizes regional economic development, job creation, and the development of specialized industrial ecosystems that can sustain the energy transition over the long term.
Within the context of the ALTÉRRA investment, Evren’s business model appears to be designed to complement the deployment of large-scale renewable projects by aligning project development with the needs of the domestic manufacturing base. This alignment is significant because it helps address several fundamental challenges associated with rapid renewable deployment in India, including procurement resilience, cost stability, and local employment generation. By leveraging domestic manufacturers, Evren can contribute to a more resilient supply chain that is better able to withstand global market fluctuations and geopolitical uncertainties—factors that have increasingly affected the renewable energy sector in recent years. The implications for the broader energy transition are meaningful: a robust domestic manufacturing ecosystem can reduce lead times for component procurement, improve cost competitiveness through localized production, and foster technology transfer that supports local innovation and capability-building.
India is projected to maintain a growth trajectory of around 6.5 percent GDP in 2024, underscoring a climate of rising energy demand driven by a combination of industrial expansion, urbanization, and rising household consumption. The transition to cleaner energy is expected to require substantial investment, with estimates indicating as much as $300 billion in investment by 2030. This investment will be driven by multiple factors, including ongoing expansion of the economy, the rapid development of energy storage technologies, and regulatory reforms designed to improve the climate for renewable energy investments. The ALTÉRRA-Evren-Brookfield collaboration contributes directly to this climate by providing a capital backbone for the execution of large-scale clean energy projects that diversify the energy mix, enhance grid reliability, and support the broader policy goals aimed at accelerating decarbonization. Evren’s role in the supply chain and local manufacturing is therefore not a peripheral feature but a central element of the project’s design, enabling more predictable costs, greater local economic upside, and a more resilient foundation for sustained renewable energy growth in the state contexts of Rajasthan and Andhra Pradesh.
India’s energy transition is emerging as a multi-pronged, long-term program that integrates resource potential, technological progress, regulatory reform, and private sector engagement. The 11 GW target across solar, wind, and battery storage is a substantial portion of the country’s decarbonization ambitions, and it highlights the importance of coordinated actions across project development, financing, and local manufacturing. The integration of wind, solar, and storage assets in the same portfolio can provide valuable synergies: solar generation can benefit from storage to address intermittency; wind capacity can complement solar generation during different seasonal and daily load patterns; and an effective storage component can smooth price volatility, enhance grid stability, and improve the reliability of renewable energy supply. The Evren project thus embodies a holistic approach to renewable deployment, one that acknowledges the interdependencies between generation assets, storage solutions, and the broader grid system. This integrated strategy is crucial for achieving a reliable, affordable, and scalable clean energy future.
In this context, ALTÉRRA’s investment in Evren also signals a broader strategic emphasis on creating investable pipelines in markets characterized by robust growth trajectories and policy support for renewables. The partnership with Brookfield reinforces the belief that combining capital with deep operational expertise can unlock complex projects that may have longer development timelines and greater capital intensity. The collaboration also reflects a broader trend in climate finance, where specialized vehicles are designed to mobilize capital from multiple sources to tackle mid- to large-scale projects that can deliver measurable climate outcomes and strong financial returns. The Evren deal, therefore, is not merely a funding action; it is a signal about the evolving architecture of climate finance, where dedicated funds, multinational asset managers, and local developers collaborate to accelerate the energy transition in regions with high growth potential and essential energy needs.
The implications for India’s energy policy and market development are significant. The infusion of capital into a project that leverages domestic manufacturing capabilities contributes to a more localized and resilient energy ecosystem. It fosters industrial growth, job creation, and technological upskilling, which collectively support the broader objective of a sustainable and inclusive energy transition. By accelerating the deployment of 11 GW across two key states, the investment has the potential to demonstrate the viability of multi-technology, large-scale clean energy projects under a framework that prioritizes local content, supply chain resilience, and long-term economic development. This approach aligns with India’s broader policy priorities, including expanding renewable capacity, stabilizing electricity supply, and promoting a transition toward a lower-carbon energy system that can sustain the country’s growth trajectory.
The Broader Context: Clean Energy Investment in India and Beyond
The ALTÉRRA-Evren-Brookfield transaction sits within a broader ecosystem of climate finance activities that seek to mobilize private capital toward meaningful decarbonization outcomes. ALTÉRRA’s model emphasizes the importance of collaboration, scalability, and the strategic use of capital to catalyze more investment from other market participants. The partnership with Brookfield, and the inclusion of Evren as a driver of local manufacturing and project execution, show how investors are prioritizing value creation across a comprehensive value chain—from supply chain resilience to project delivery and long-term asset management.
In this sense, the investment is not only about the immediate deployment of 11 GW of generation and storage capacity. It is about demonstrating an integrated approach to the energy transition—one that leverages the strengths of a private climate investment vehicle, a global asset manager with a proven track record in energy infrastructure, and a domestic-focused developer with a commitment to local manufacturing and economic development. The combination of financial strength, technical expertise, and local industry engagement is a powerful template for future initiatives that aim to accelerate clean energy deployment in similar markets, while also contributing to global decarbonization goals. As India’s energy market continues to evolve, investments like this one could help establish a framework for large-scale energy projects that balance cost, reliability, and climate impact, offering a blueprint for how private capital can support policy targets and market development in the years ahead.
India’s Growth, Demand, and Investment Needs: Aligning Policy, Markets, and Infrastructure
India’s economy is forecast to grow at a rate of approximately 6.5 percent in 2024, a rate that reflects sustained momentum across sectors even as energy demand continues to rise. In this context, the shift toward clean energy is not merely an environmental objective but a critical economic priority. The transition is expected to require substantial investment, with estimates suggesting as much as $300 billion could be mobilized by 2030 to support the expansion of renewable capacity, energy storage innovations, and the regulatory reforms needed to create a more conducive investment climate. The infusion of capital from ALTÉRRA and its partners into Evren’s development slate is a direct response to this demand, illuminating a pathway by which private finance can play a pivotal role in accelerating the energy transition while aligning with broader macroeconomic objectives.
One of the central motivations for this investment is the desire to accelerate energy deployment in India by leveraging a diversified portfolio that includes solar, wind, and battery storage. The combination of these technologies delivers not only emissions reductions but also system-level benefits such as improved grid resilience, enhanced energy security, and the potential for more stable electricity prices for consumers and businesses alike. By targeting the states of Rajasthan and Andhra Pradesh, the project takes advantage of geographic and regulatory factors that support the development of large-scale renewables. Rajasthan, with its high solar irradiance, offers favorable conditions for solar generation, while Andhra Pradesh presents a complementary environment for wind resources, coupled with storage to address intermittency and peak demand challenges. The integrated approach to project development—encompassing generation and storage—creates a more credible pathway to achieving higher renewable capacity additions within a relatively short timeframe.
The expected impact on India’s renewable capacity targets is substantial. If the approximate 11 GW of solar, wind, and battery storage projects proceed as planned, the portfolio’s contributions will help accelerate the national target toward 500 GW by 2030. While this single investment cannot single-handedly realize the target, it can serve as a critical inflection point that demonstrates the feasibility of large-scale, multi-technology deployments driven by a combination of private capital, skilled project developers, and supportive policy environments. The deployment will not only increase installed capacity but also stimulate employment and supply chain development within the two targeted states. The manufacturing dimension—emphasizing local production of wind turbines and solar modules—further strengthens the economic rationale, as it can catalyze domestic industrial growth, reduce import dependence, and foster technology transfer, which is essential for maintaining momentum in the transition.
From a policy perspective, India’s energy transition benefits from a regulatory environment that encourages clean energy investments and reduces barriers to project development. Reforms aimed at improving the investment climate can include streamlined permitting, clearer land use policies, risk-sharing mechanisms for private investors, and incentives for local manufacturing and storage technologies. The ALTÉRRA-Evren-Brookfield deal aligns with such policy directions by demonstrating how private capital can be mobilized quickly to scale up renewable capacity while supporting domestic manufacturing and job creation. The investment thus serves as a proof point for policy-makers and market participants alike, illustrating how a well-structured, multi-stakeholder collaboration can deliver both climate and economic benefits in a high-growth economy.
In the broader context of the global energy transition, the Evren project and its co-investors contribute to the ongoing narrative of private capital’s essential role in financing the shift away from fossil fuels. The collaboration showcases how a new generation of investment vehicles is designed to operate across borders, bridging developed and developing markets through a combination of capital, expertise, and regional development considerations. By fostering a climate-focused investment framework that emphasizes scalability, resilience, and local economic development, this deal helps establish a blueprint for future investments that aspire to deliver both financial returns and meaningful climate outcomes at scale.
In conclusion, India’s energy transition is being advanced by a confluence of growing demand, supportive policy signals, and strategic investments from a new cadre of climate-focused financial vehicles. The ALTÉRRA-Evren-Brookfield co-investment is a concrete expression of this trend, reflecting a collaborative approach that aligns with India’s 2030 renewable energy ambitions. The project’s 11 GW target across Rajasthan and Andhra Pradesh demonstrates how large-scale, multi-technology deployments can be organized in a way that optimizes resource potential, strengthens domestic manufacturing capabilities, and delivers tangible economic benefits for local communities. As the investment proceeds, it will likely serve as a reference point for similar initiatives that seek to harmonize capital, technology, and policy to accelerate the transition to a low-carbon economy, both within India and in other emerging markets.
The Strategic Imperative of Domestic Manufacturing in the Energy Transition
A core element of Evren’s strategy is its emphasis on domestic manufacturing partnerships, which align with broader goals to improve the resilience and economic vitality of India’s energy sector. By collaborating with local manufacturers for wind turbines and solar modules, Evren contributes to a more robust supply chain—one less vulnerable to global supply chain disruptions and geopolitical tensions that can impact raw material availability and component supply. This approach also supports knowledge transfer and capability building within the Indian industrial base, enabling the country to cultivate a skilled workforce capable of sustaining and expanding renewables deployment over the long term. The feasibility of scaling up 11 GW of clean energy capacity hinges in part on the ability to source components locally, manage procurement timelines efficiently, and maintain predictable cost structures for developers and financiers alike. Evren’s focus on domestic manufacturing aligns with this objective by reducing import dependencies, which can contribute to price stability, project economics, and the overall reliability of the energy system.
From an investor perspective, the integration of domestic manufacturing into the project design can improve risk-adjusted returns by mitigating supply chain risk and reducing exposure to currency fluctuations and international trade frictions. It also enhances the project’s social license to operate by supporting local economic development and worker growth, which can help secure community acceptance and smoother implementation timelines. The synergy between Evren’s manufacturing partnerships and ALTÉRRA’s capital provisioning augments the likelihood that project milestones will be met on schedule, enabling the generation of expected cash flows and the realization of anticipated returns for investors. This, in turn, reinforces the case for similar arrangements in other markets where energy demand growth is strong and policy environments are conducive to renewables investment.
The investment’s impact on Rajasthan and Andhra Pradesh can be profound. In Rajasthan, solar deployment is well-suited to the state’s climate and land availability, potentially enabling large-scale solar assets with favorable capacity factors. The addition of battery storage can address intermittency and provide grid services that improve reliability, reduce curtailment, and support peak demand management. In Andhra Pradesh, wind resources complement solar investments, and the inclusion of storage enhances the ability of the grid to accommodate variable generation while maintaining power quality and affordability for consumers. The combined effect of generation and storage assets can contribute to a more balanced and resilient energy system in both states, with the potential to unlock additional investment in adjacent transmission, distribution, and service infrastructure. The anticipated economic effects extend beyond electricity sector improvements, with opportunities for local job creation, supplier development, and broader industrial growth linked to the construction and operation of these renewables projects.
The Role of Brookfield and ALTÉRRA in Global Energy Transition Financing
Brookfield Asset Management and ALTÉRRA have positioned themselves as pivotal players in the global transition toward cleaner energy, and their collaboration with Evren provides a concrete example of how private capital can be mobilized to support large-scale decarbonization in emerging markets. Brookfield’s ongoing Global Transition Fund II (BGTF II) continues to raise capital after a record $15 billion in its initial vintage, signaling strong investor demand for funds focused on the energy transition. ALTÉRRA’s decision to commit $2 billion to BGTF II during COP28 demonstrates the fund’s ambition to serve as a major conduit for third-party investments into climate-friendly projects, expanding its impact footprint across geographies and technologies. This commitment reinforces ALTÉRRA’s strategic objective to mobilize institutional capital into both developed and developing markets, enabling a broader, more diversified portfolio of climate projects with potential for meaningful environmental and economic returns.
The Evren deal also highlights how collaboration with established asset managers can unlock sophisticated development pipelines that might otherwise remain constrained by capital scarcity or risk aversion in emerging markets. Brookfield’s involvement brings a depth of operational expertise, asset management capabilities, and a track record of delivering infrastructure projects at scale. This combination of capital and expertise is particularly valuable for projects that demand careful balancing of risk and return, long investment horizons, and complex coordination across multiple stakeholders, including developers, financiers, policymakers, and local communities. The partnership thus illustrates a model whereby specialized climate funds can work in tandem with established asset managers to accelerate the deployment of renewable energy assets in markets with strong growth potential but significant execution challenges.
ALTÉRRA’s investment philosophy centers on the mobilization of institutional capital to support scalable climate initiatives, a strategy that aligns with broader market trends toward responsible investment and sustainable finance. The Evren transaction is emblematic of ALTÉRRA’s mission to catalyze capital into climate solutions that deliver measurable impact while offering compelling economic opportunities for investors. The collaboration across ALTÉRRA, Brookfield, and Evren signals a willingness to pursue ambitious, multi-technology projects that require a combination of financial muscle, technical know-how, and a deep appreciation for local market dynamics. The successful execution of such a deal can serve as a blueprint for future collaborations, encouraging more investors to participate in the energy transition through co-investments that distribute risk and amplify impact.
From a market perspective, the deal underscores the growing importance of multi-technology projects that combine solar, wind, and storage assets. This approach not only diversifies generation sources but also enables more flexible and resilient energy systems. The ability to deploy 11 GW across two Indian states demonstrates the feasibility of large-scale, technology-diverse portfolios in markets with rising energy demand and supportive regulatory environments. For policymakers, this transaction offers a compelling case study for how private capital can be leveraged to achieve policy objectives related to decarbonization, energy security, and economic development. It highlights the value of creating predictable investment environments, streamlining regulatory processes, and supporting domestic manufacturing networks that underpin sustainable energy growth.
These investments also carry implications for the competitive landscape of global climate finance. As more private funds and asset managers identify opportunities in emerging markets, the visibility and attractiveness of such deals can rise, potentially attracting additional capital from pension funds, sovereign wealth funds, and other institutional investors. The Evren project demonstrates that with the right combination of capital, expertise, and local market alignment, it is possible to finance and execute substantial clean energy deployments in markets that are critical to the global energy transition. The long-term outcomes of this approach will be measured not only in gigawatts of capacity installed but also in the quality of job creation, the resilience of energy systems, and the scaling of green industrial ecosystems that can sustain decarbonization efforts for decades to come.
Implications for 2025 and Beyond
Looking ahead to 2025, the Evren investment signals a broader shift in how climate finance is structured and deployed. The deal exemplifies a growing emphasis on collaboration among specialized climate funds, global asset managers, and local developers that can deliver complex projects with significant scale. The expectation is that this collaborative model will be replicated in other large markets where there is strong demand for renewables and long-term capital is readily available but needs partners with the right combination of risk tolerance, technical capability, and local market insight. The funding will enable not only direct project construction but also the development of a more robust ecosystem for renewable energy in the target states, including supplier networks, workforce development, and ancillary infrastructure that supports the ongoing operation and maintenance of new assets.
Moreover, the Evren transaction contributes to the broader narrative that the energy transition can be financed at scale through partnerships that combine the strengths of private investment vehicles with the expertise of asset managers and the developmental focus of local players. This narrative resonates with stakeholders across public and private sectors who are seeking credible, scalable models for decarbonization that deliver both climate benefits and economic value. The outcome of this deal could influence future policy discussions and investment strategies, encouraging more robust public-private cooperation to meet ambitious climate targets while supporting sustainable economic growth.
Conclusion
The $100 million co-investment by ALTÉRRA into Evren, together with Brookfield and other investors, represents a landmark step in accelerating India’s clean energy trajectory. By directing capital through the ALTÉRRA Acceleration Fund to support approximately 11 GW of solar, wind, and battery storage projects in Rajasthan and Andhra Pradesh, the deal aligns with India’s goal of achieving 500 GW of renewable capacity by 2030. Evren’s focus on domestic manufacturing for wind turbines and solar modules reinforces the importance of resilient supply chains and local economic development in the energy transition. The collaboration underscores ALTÉRRA’s mission to mobilize institutional capital into both developed and emerging markets, while Brookfield’s operating expertise complements the capital framework, creating a powerful driver for large-scale climate investments.
The investment also reflects India’s robust growth trajectory and the substantial funding requirements for a successful energy transition. With projected GDP growth of around 6.5 percent in 2024 and a potential investment need of up to $300 billion by 2030, the country’s energy sector is poised for transformative change. The ALTÉRRA-Evren-Brookfield alignment demonstrates how private capital can be mobilized to meet this challenge in a way that supports energy security, grid reliability, and economic development through a diversified energy mix and enhanced storage capabilities. The deal reinforces the importance of a holistic approach to project development—one that integrates generation and storage, leverages domestic manufacturing, and fosters cross-border partnerships to accelerate the transition to a low-carbon economy.
As the 2025 horizon approaches, this collaboration signals a broader paradigm in climate finance: large-scale, multi-technology deployments underpinned by strong development and operational capabilities, designed to deliver measurable climate benefits and meaningful economic returns. It exemplifies how private capital can be aligned with public policy goals to catalyze energy transition outcomes that are scalable, replicable, and sustainable. The Evren project, writ large, points to a future in which strategic co-investments across borders become a standard mechanism for accelerating decarbonization, expanding clean energy access, and advancing industrial growth in regions that are critical to the global fight against climate change. The partnership’s success could pave the way for additional opportunities in India and beyond, reinforcing the role of private capital as a critical enabler of the energy transition and a catalyst for resilient, low-carbon growth across the world.