New Delhi, March 5 -- New York-headquartered Brookfield Asset Management Ltd announced on Wednesday the sale of a 1.6GW portfolio of solar and wind assets in India to Gentari Renewables India.

The sale has been structured in two phases. A statement from Brookfield said that the first phase, comprising the sale of 1GW of operating assets, is complete, marking Brookfield's first full cycle portfolio monetization in India for its renewable power & transition business.

Nawal Saini, managing director, head of Renewable Power & Transition, South Asia and the Middle East, Brookfield, said, "Our focus is on delivering value to our stakeholders while advancing the country's energy transition. Monetizing a part of our portfolio demonstrates our a...