Brookfield, a global investment firm, is investing up to USD 600 million in ACME Cleantech Ventures through its Brookfield Global Transition Fund. The capital will support the development and construction of green molecule projects across India and West Asia, including green ammonia and green methanol facilities.
Four Projects Receive Funding
The investment will back four projects in ACME’s pipeline: the second phase of the company’s green ammonia project in Oman, two green ammonia facilities in Odisha, and a green methanol project in the Indian state. ACME Cleantech Ventures, a UK-based private entity within the ACME Group, focuses on green molecule operations and is developing these projects for both domestic and international markets.
The transaction is structured as an equity investment. ACME Group Chairman Manoj Upadhyay told the Financial Express that the valuation and stake involved are expected to be finalized by the end of 2026. The first phase of the Oman green ammonia project is already fully funded.
Offtake Agreements Already in Place
ACME has secured long-term offtake agreements with several international and Indian companies. Its counterparties include Norway’s Yara International, Japan’s IHI Corporation, Mitsubishi Gas Chemicals, the Solar Energy Corporation of India, and fertilizer companies such as IFFCO, Paradeep Phosphates, Coromandel International, and Indorama India.
Brookfield Expands Its Energy-Transition Footprint
Brookfield already has a substantial presence in India’s renewable energy sector, with around 50GW of wind and solar assets across operating projects and its development pipeline. This latest investment broadens that exposure beyond conventional renewable power to green molecules—fuels and industrial feedstocks produced using renewable energy—which can help industries cut emissions while addressing longer-term energy security needs.
Nawal Saini, Brookfield Managing Partner and Head of Energy for South Asia and the Middle East, said the investment combines the firm’s institutional capital and global scale with ACME’s project development and operating capabilities.
Why Green Ammonia and Methanol Matter
Green ammonia can be used in sectors such as fertilizers and shipping, while green methanol has applications across fuels and industrial processes. ACME aims to build a global green molecules platform serving customers across Asia, Europe, and other international markets. The company’s existing offtake agreements are expected to provide a commercial foundation as the projects move through development and construction.
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