Global investment firm Brookfield has announced the launch of Lumara, a new renewable energy platform in India backed by a planned deployment of approximately $600 million (approx. £465 million).
The initiative launches with an initial portfolio exceeding 6 gigawatts (GW) across solar, wind, and battery energy storage systems (BESS).
Lumara is structured to accelerate project execution by resolving critical operational bottlenecks within the Indian market. Specifically, the platform will address delays in negotiating power purchase agreements (PPAs), long queues for grid connectivity, and extended timelines associated with land acquisition.
Nawal Saini, Managing Partner and Head of Energy for South Asia and the Middle East at Brookfield, highlighted that India remains one of the world’s premier renewable energy markets. He pointed to robust domestic demand and the national target of reaching 500 GW of non-fossil fuel capacity by 2030 as key drivers behind the expansion.
The launch expands Brookfield’s existing footprint in the country, where it already oversees around 45 GW of operational and pipeline wind and solar assets across its platforms. In total, the firm has deployed more than $32 billion across India’s infrastructure, real estate, energy, and private equity sectors.
