Brookfield Asset Management is preparing to divest its 550-megawatt solar power project located in Bikaner, Rajasthan, for an anticipated enterprise value of ₹3,000 crore (approximately $360 million USD). Investment bank Jefferies is overseeing the sale, which has garnered interest from both domestic power producers and international investors. The first phase of the project, which has a capacity of 268 MW, began operations in 2024 and supplies power to various commercial and industrial (C&I) clients, including Hindustan Unilever, which has secured a 45 MW supply. The project is backed by the International Finance Corporation (IFC), which invested $105 million through long-term debentures. Brookfield has a significant presence in India's renewable energy sector, with over $4 billion invested across approximately 45 GW of operational and pipeline assets. The C&I segment, which accounts for 45-50% of India's total electricity demand, is expected to see substantial growth, with capacity projected to reach 57 GW by 2027-28. This divestment aligns with Brookfield's strategy of restructuring its portfolio in India, following its previous sale of 1.6 GW of solar and wind assets to Gentari Renewables India.