Alterra, one of the world’s largest private climate investment fund, has made an entry into the Indian energy market with a $100 million co-investment in Evren, a renewable energy company. This marks Alterra’s first co-investment, carried out in collaboration with Brookfield Asset Management, to drive India’s clean energy transformation.
Powering Up 11 GW of Renewable Projects
The investment will support the development of up to 11 gigawatts (GW) of renewable energy infrastructure—including solar, wind, and battery storage projects—in the states of Rajasthan and Andhra Pradesh. The projects strategically align with India’s national target of 500 GW in renewable energy capacity by 2030. Alterra not only finances but also brings global expertise and a long-term commitment to India’s decarbonization journey.
Reshaping Clean Energy Investment in India
With this move, Alterra positions itself as a key player in reshaping the clean energy investment landscape in India. The fund’s involvement is expected to boost supply chain resilience, create local employment, and strengthen regional economic growth. “This is more than an investment—it’s a commitment to building sustainable infrastructure and accelerating the global transition to clean energy,” Alterra noted in its official statement.
Strategic Collaboration with Brookfield
The partnership with Brookfield Asset Management, one of the world’s leading infrastructure investors, adds further momentum to the initiative. Together, they aim to unlock large-scale, sustainable energy projects while setting a precedent for international-private sector collaboration in emerging markets.
A Milestone in Global Climate Finance
Alterra’s entry into India’s renewable sector marks a milestone in global climate finance, signaling a shift in how capital deploys to fight climate change. As reported by devdiscourse.com, the fund backs large-scale, impactful clean energy projects. This demonstrates its commitment to supporting nations like India in achieving their ambitious climate goals.
