FCC

Brookfield to supply green power to office campuses in Delhi-NCR

2024-10-29

Brookfield Properties will source renewable energy from its solar project in Bikaner, Rajasthan, to provide green power to four office campuses in Delhi-NCR.

In a statement, Brookfield Properties announced that it has "secured renewable power from Brookfield's Bikaner Solar Power Project in the first partnership in India under the Inter State Transmission System (ISTS) bilateral arrangement." Consequently, 40 percent of the energy consumed by Brookfield Properties' tenants in Delhi-NCR will now come from renewable sources.

This shift at its four campuses—Candor TechSpace in Sector 48 and Sector 21 in Gurugram, as well as Sector 62 and Sector 135 in Noida—is part of the Brookfield India Real Estate Trust portfolio and is projected to reduce over 20,000 tonnes of CO2 emissions annually.

Brookfield Properties is a leading global operator and developer of real estate assets, involved in various sectors including office, retail, multifamily, hospitality, and logistics, managing more than 1,100 properties and over 390 million square feet of real estate globally on behalf of Brookfield Asset Management.

In India, Brookfield Properties oversees approximately 55 million square feet of assets across 10 key cities, with over 45 million square feet currently operational.