Brookfield Renewable completed the $1bn investment in Avaada Group.

Brookfield Renewable, an owner and operator of a portfolio of assets that generate electricity from renewable resources, completed the $1bn investment in Avaada Group, a green energy developer. "We are pleased to be investing in Avaada through the Brookfield Global Transition Fund, which focuses on investments that accelerate the progress to a net-zero carbon economy. This strategic partnership will leverage Brookfield's global track record, access to capital and operational expertise alongside Avaada's strong local footprint, to enable their vision for the energy transition business. Brookfield remains committed to supporting the next generation of clean energy technologies and contributing to India's net-zero aspirations," Nawal Saini, Brookfield Managing Director of Renewable Power & Transition.