$100M investment fuels the development of 11GW in solar, wind, and battery storage projects across India.
Accelerates India’s path toward 500GW renewable energy capacity by 2030.
Strengthens local supply chains and supports economic growth in the Global South.
ALTÉRRA, the world’s largest private climate investment vehicle, has made its first direct investment into the Global South—injecting $100 million into India’s clean energy platform, Evren. The co-investment, made through the ALTÉRRA Acceleration Fund, includes participation from Brookfield Global Transition Fund II and other investors.
The capital will fund the development and construction of up to 11 gigawatts of renewable energy projects across Rajasthan and Andhra Pradesh, positioning Evren as a major force in India’s clean energy transition. The projects will include a mix of solar, wind, and battery storage, aligning with India’s national goal of achieving 500GW of renewable energy capacity by 2030.
“ALTÉRRA’s investment in Evren is a powerful demonstration of our mission in action—catalyzing capital into tangible, scalable, and economically compelling climate initiatives,” said H.E. Majid Al Suwaidi, CEO of ALTÉRRA. “By deploying capital into India’s fast-growing economy, we are supporting reliable and affordable energy generation and unlocking investable opportunities.”
India, projected to be the fastest-growing major economy in 2024 with ~6.5% GDP growth, faces surging energy demands. Meeting this demand cleanly could require $300 billion in renewable investment by 2030. The government’s regulatory reforms and advances in energy storage and infrastructure have enhanced the investment environment—creating scalable opportunities for climate-focused capital.
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Evren is also strengthening the local clean energy ecosystem by partnering with domestic manufacturers of wind turbines and solar modules—boosting supply chain resilience and job creation while delivering sustainable power at scale.
“ALTÉRRA’s mission is not just to finance projects but help reshape how and where the world invests through solutions that drive impact and build resiliency,” Al Suwaidi added.
This deal signals a clear commitment by global climate capital to deliver on the energy transition in high-growth, high-need regions, with India at the forefront.
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