Brookfield to invest up to $600 million in India's ACME green fuels business

BROOKFIELD ASSET MANAGEMENT

17/09/2026 08:42

NEW DELHI, Sept 17 (Reuters) - US alternative asset manager Brookfield BAM.N will invest up to $600 million in India's ACME Cleantech Ventures to help the company develop and build green ammonia and green methanol projects, the companies said on Thursday.
Here are details:
The investment marks Brookfield's entry into the region's low-carbon fuels sector and will be made through its Brookfield Global Transition Fund strategy. 
ACME said the funding will support an advanced pipeline of projects in India and Oman as it seeks to expand production of green ammonia and other low-carbon fuels for domestic and export markets.
ACME has secured supply agreements with customers including Norway's Yara International, Japan's IHI Corporation and Mitsubishi Gas Chemical, as well as Indian buyers.
Demand for green fuels is expected to rise as industries seek alternatives to fossil fuels to cut emissions and meet decarbonisation targets.
Brookfield already has a sizeable presence in India's renewable energy sector, with a portfolio comprising about 50 gigawatts of operating and pipeline wind and solar assets.

(Reporting by Sethuraman NR; Editing by Harikrishnan Nair)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net/))