Latest news with #Evren
Axios
03-07-2025
- Entertainment
- Axios
Student artists light up The LUME
Despite being surrounded by her work on the walls of The LUME at Newfields, Regan Wakeman still couldn't believe her eyes. What's she saying:"It's just surreal. I've been pinching myself for a year and I still am," she told Axios. "It's honestly overwhelming in the best way." Why it matters: Wakeman is one of six up-and-coming creators provided a "dream come true" platform to showcase their talents inside Newfields' immersive art gallery this summer. Each three-minute featurette combines the talent of a visual artist and a musical artist. Zoom in: Axios Indianapolis caught up with some of the creators during Friday night's debut to learn more about their work. "Evren" by Wakeman and Kyleigh Sprout focuses on space, stars and speculative cosmology while giving viewers a tour of the cosmos. Sprout said, "it's both an exploration of outer space, but also an exploration of who you are as a human in outer space." Wakeman added, "We don't get the opportunity to view space up close … this is kind of a surreal and impressionistic way to bring you there." "Harmonia" by Gregory Fisher-Fox and Maxwell Arney aims to provide visuals and sounds to the range of emotions that humans face on a daily basis. "Our featurette is a little different from others. It's split up into three different acts, so it has more of a narrative," said Fisher-Fox. "It's supposed to represent that we all go through bliss and anxiety throughout our lives, but it all encapsulates into harmony, and that's what makes life beautiful in the end." "Echoes of Home" by Jansing Lunato and Macy Oberhart draws on the nostalgic themes of home, childhood and growth. "I took scenes and everyday objects and represented them in a way that reflects the deep sentiment I associate with my childhood," wrote Lunato. "I invite the audience to literally step into the work, offering them a space to reflect on their own memories and the emotions they evoke."
Gulf Business
30-04-2025
- Business
- Gulf Business
ALTÉRRA co-invests $100m in Indian clean energy platform Evren
Image: Getty Images/ For illustrative purposes The move, made alongside Brookfield Asset Management and other investors, aims to accelerate clean energy deployment in one of the fastest-growing major economies. The investment was made through the ALTÉRRA Acceleration Fund and marks the fund's first direct investment into the Global South. It will support the development of approximately 11 gigawatts (GW) of solar, wind, and battery storage projects across the Indian states of Rajasthan and Andhra Pradesh. The projects are expected to contribute significantly to India's national target of achieving 500GW of renewable energy capacity by 2030. Evren: A key company supporting India's energy transition Evren, a key player in India's energy transition, is focusing on strengthening the country's clean energy ecosystem. The company works with domestic manufacturers for wind turbines and solar modules, supporting supply chain resilience and local economic development. India, projected to grow at around 6.5 per cent GDP in 2024, is pushing to meet its surging energy demand through clean sources. The transition is expected to require as much as $300bn in investment by 2030, driven by economic expansion, technological advancements in energy storage, and favorable regulatory reforms aimed at improving the renewable energy investment climate. 'ALTÉRRA's investment in Evren is a powerful demonstration of our mission in action — catalysing capital into tangible, scalable, and economically compelling climate initiatives,' said Majid Al Suwaidi, CEO of ALTÉRRA. 'By deploying capital into India's fast-growing economy, we are supporting reliable and affordable energy generation and unlocking investable opportunities. ALTÉRRA's Connor Teskey, president of Brookfield Asset Management, welcomed the co-investment: 'ALTÉRRA's investment in Evren is a significant milestone in our ongoing commitment to accelerating the global energy transition. By combining Evren's robust development pipeline and Brookfield's extensive operational expertise, we are not only supporting India's ambitious renewable energy targets but also fostering economic growth and energy security.' ALTÉRRA, Brookfield investments Evren is among the latest investments from Brookfield's Global Transition Fund II (BGTF II), which is still raising capital following a record $15bn in its first vintage. ALTÉRRA committed $2bn to BGTF II during COP28, becoming its largest third-party investor. The Evren transaction reflects ALTÉRRA's strategy of mobilising institutional capital into both developed and emerging markets and underscores its expanding role in the global clean energy landscape. The investment highlights ALTÉRRA's progress since its launch and signals its ambition to scale up impact in 2025.
Mint
29-04-2025
- Business
- Mint
UAE-backed ALTÉRRA, Brookfield invest $100 million in green energy platform Evren
New Delhi: Climate-focused investment fund ALTERRA and Brookfield Asset Management, along with other investors, have infused $100 million into Mumbai-based renewable energy platform Evren. A statement from Abu Dhabi-based ALTERRA, the world's largest private investment vehicle for climate finance with total investments so far of over $6.5 billion, said the investment will support the development and construction of up to 11 GW of solar, wind and battery storage projects in Rajasthan and Andhra Pradesh. ALTERRA has made the investment through the ALTÉRRA Acceleration Fund, and it is the company's first direct investment into the Global South. Majid Al Suwaidi, chief executive officer of ALTÉRRA, said in the statement: 'ALTÉRRA's investment in Evren is a powerful demonstration of our mission in action—catalyzing capital into tangible, scalable, and economically compelling climate initiatives. By deploying capital into India's fast-growing economy, we are supporting reliable and affordable energy generation and unlocking investable opportunities.' Launched at the 28th Conference of the Parties (COP28) in the UAE, with a $30-billion commitment from the UAE, ALTÉRRA aims to build innovative partnerships to mobilize $250 billion globally by 2030 to finance the new climate economy and accelerate climate transition. Connor Teskey, president of Brookfield Asset Management said in a statement: 'By combining Evren's robust development pipeline and Brookfield's extensive operational expertise, we are not only supporting India's ambitious renewable energy targets but also fostering economic growth and energy security. The partnership with ALTÉRRA exemplifies our strategy of deploying smart, high-impact capital to drive transformative energy projects worldwide." Evren, a renewable energy platform backed by Brookfield's Global Transition Fund II (BGTF II), recently signed a power purchase agreement with state-run NTPC Ltd for the supply of 300 MW of green power. ALTERRA is BGTF II's largest third-party investor, following a $2-billion commitment made during COP28 to the United Nations Framework Convention on Climate Change. Brookfield Asset Management Ltd is a global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. Renewable energy investments have grown in the past few years in India, in line with the government's ambitious target to achieve 500 GW of non-fossil power capacity by 2030. Currently, India has 269.82 GW of installed non-fossil capacity, per data from Central Electricity Authority (CEA). According to ratings agency Crisil, India will see a fivefold growth in green investments to ₹ 31 trillion between 2025 and 2030. First Published: 29 Apr 2025, 07:36 PM IST
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Business Standard
29-04-2025
- Business
- Business Standard
Evren raises $100 mn from ALTÉRRA, Brookfield for 11 GW energy push
United Arab Emirates-based ALTÉRRA has committed $100 million to Indian renewable energy developer Evren, along with Brookfield and other investors. The investment, being made via the ALTÉRRA Acceleration Fund, is the world's largest private climate investment vehicle's first direct foray into the Global South. The capital will support the development and construction of up to 11 GW of wind, solar, and battery storage projects in India, primarily across Rajasthan and Andhra Pradesh. Evren works closely with domestic manufacturers for equipment such as wind turbines and solar modules, helping localise the clean energy value chain. The investment has been made through the $25 billion ALTÉRRA Acceleration Fund and comes alongside funding from Brookfield Asset Management's Global Transition Fund II (BGTF II) and other institutional investors. Launched at COP28 with a $30 billion anchor commitment from the United Arab Emirates, ALTÉRRA aims to mobilise $250 billion in global climate capital by 2030. The Evren investment marks the fund's first co-investment since launch. 'By deploying capital into India's fast-growing economy, we are supporting reliable and affordable energy generation and unlocking investable opportunities. ALTÉRRA's mission is not just to finance projects but help reshape how and where the world invests through solutions that drive impact and build resiliency,' said H E Majid Al Suwaidi, chief executive officer, ALTÉRRA. India, the world's fastest-growing major economy, is looking to scale up its renewable energy capacity to meet rising power demand and decarbonisation goals. The country has set a target of 500 GW of installed renewable capacity by 2030, with estimates suggesting that reaching this goal will require around $300 billion in investments by the end of the decade, translating to $50 to $60 billion per year. Brookfield's BGTF II is backing the platform as part of its climate transition strategy. The fund, which follows a $15 billion first vintage, counts ALTÉRRA as its largest third-party investor following a $2 billion commitment last year. 'ALTÉRRA's investment in Evren is a milestone in our ongoing commitment to accelerating the global energy transition. By combining Evren's robust development pipeline and Brookfield's extensive operational expertise, we are not only supporting India's ambitious renewable energy targets but also fostering economic growth and energy security,' said Connor Teskey, president, Brookfield Asset Management.
Time of India
29-04-2025
- Business
- Time of India
ALTERRA, Brookfield invest $100 mn invests in clean energy platform Evren
ALTERRA , the world's largest private climate investment vehicle, has made its debut investment in India. ALTERRA has made a co-investment of $100 million into Indian renewable energy company, Evren, along with Brookfield Asset Management, said a press release. The investment is being made via the ALTERRA Acceleration Fund, and it is ALTERRA's first direct investment into the Global South. This investment will support the development and construction of up to 11GW of solar, wind and battery storage projects in Rajasthan and Andhra Pradesh, contributing to India's 500GW renewable target by 2030, it said. By working with domestic manufacturers for wind turbines and solar modules, Evren is not only accelerating the deployment of renewables but also supporting supply chain resilience and economic growth, it added. 'ALTERRA's investment in Evren is a powerful demonstration of our mission in action—catalyzing capital into tangible, scalable, and economically compelling climate initiatives. By deploying capital into India's fast-growing economy, we are supporting reliable and affordable energy generation and unlocking investable opportunities," said H.E. Majid Al Suwaidi, CEO of ALTERRA. "By combining Evren's robust development pipeline and Brookfield's extensive operational expertise, we are not only supporting India's ambitious renewable energy targets but also fostering economic growth and energy security," said Connor Teskey, President of Brookfield Asset Management. Evren is one the latest investments from Brookfield's Global Transition Fund II (BGTF II). ALTERRA is BGTF II's largest third-party investor, following a $2 billion commitment made during COP28. The strong demand for renewable energy, potentially translating to a $300 billion investment requirement by 2030, is not only being driven by economic growth, but also breakthroughs in energy storage, large-scale infrastructure expansion and the Government's effort to make the renewable power investment environment more robust for investors, enhanced by several regulatory measures, states the press release.
