PROJECT

Projects

Summary of Investment Information

Project Number

47975

Company Name

PEBBLE HOLDINGS (DIFC) LIMITED

Date SPI Disclosed

Aug 1, 2023

Country

India

Region

South Asia

Projected Board Date

Sep 1, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 25, 2025

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Nov 9, 2023
Invested : Dec 18, 2023

Sector

Solar - Renewable Energy Generation

Additional Project Attributes

Public-Private Partnerships

Project Description

Brookfield RJ is a group of special purpose vehicles (SPVs) (collectively the Borrower(s)) developing ~560 MWp portfolio of ground mounted open access (OA) solar plants in Bikaner, Rajasthan supplying power to commercial and industrial (C&I) clients through a long-term power purchase agreement (PPA) and sale of power on energy exchanges. The SPVs are wholly owned by BGTF Holdings (DIFC) Limited, which are ultimately owned by Brookfield Corporation (Brookfield). The proposed investment consists of senior debt financing of up to US$95 million in INR equivalent to finance the development of solar plant.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation