Reliance partners with Brookfield for Australia’s renewable energy push

BENGALURU (Reuters) -India’s Reliance Industries said on Tuesday that it has signed an agreement with Brookfield Asset Management to explore the manufacturing of renewable energy and decarbonisation equipment in Australia.

Brookfield will work with Reliance to explore avenues of direct capital investment and evaluate setting up operations in Australia to make or assemble renewable energy equipment and supply, Reliance said in the statement.

Brookfield Asset Management said in March it will invest A$20 billion and A$30 billion over the next ten years in Australia along with it partners in renewable energy projects.