HomeRenewable energy ›Brookfield Properties to Power Its Delhi-NCR Campuses Through Solar Energy

Brookfield Properties to Power Its Delhi-NCR Campuses Through Solar Energy

Brookfield Properties has announced that about 40 percent of energy needs for its four campuses in Delhi-NCR region will be sourced from Brookfield’s Bikaner Solar Power Project.

October 22, 2024. By Mrinmoy Dey

Brookfield Properties has recently announced that it will source renewable energy for its campuses in the Delhi-NCR region from Brookfield’s Bikaner Solar Power Project.

This transition at its four marquee campuses – Candor TechSpace Sector 48 and 21 in Gurugram, and Candor TechSpace Sector 62 and 135 in Noida, is part of the BIRET portfolio and is expected to reduce more than 20,000 metric tons of CO2 annually. This is equivalent to removing approximately 4,300 cars from the road annually.

This collaboration helps Brookfield Properties meet its sustainability goals, offering occupiers a cost-effective, sustainable energy solution with no extra contracting, operational, or capital costs, while ensuring transparency and compliance.

In a statement, the company has informed that Brookfield’s Bikaner Solar Power Project has been commissioned with 550 MWp of capacity, making it one of the largest ISTS connected renewable energy park in India. The site’s power output will cater to the energy requirements of the Commercial and Industrial (C&I) segment. Brookfield has invested in platforms which comprise a portfolio of over 25 GW of wind and solar assets in operation, construction and development.

Commenting on the development, Ananya Tripathi, Managing Director, Real Estate in India, Brookfield said, “Given our scale, we recognise the importance of both, addressing environmental issues that are most material to our business and creating positive outcomes for our stakeholders. This collaboration represents our ability to power our properties’ portfolio with renewable energy solutions and brings us closer to our goal of using 100% renewable power across Brookfield Properties by 2027.”

Murzash Manekshana, Managing Director and Head of Asset Management in India, Renewable Power and Transition, Brookfield added, “Companies are turning to renewables because it lowers their costs, reduces their carbon footprint, and improves energy security. This partnership harnesses the Brookfield ecosystem, with the Brookfield-developed Bikaner solar power plant fulfilling the renewable energy needs of Brookfield Properties. We remain committed to offer tailored solutions and being the partner of choice for Indian corporates in achieving their sustainability goals.”

According to the statement, Brookfield Properties aims to transition to 100 renewable energy by 2027, reinforcing its sustainability leadership across its 55 MSF India portfolio. With over 450 tenants, it is committed to supporting their sustainability goals and achieving net zero emissions by 2040 or sooner.
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