Brookfield Asset Management Ltd. (TSX:BAM) is looking to partially monetise its clean energy assets. Among the largest infrastructure investors in the world, it plans to offload assets with a capacity of about 1.6 GW, said people aware of the matter. A potential deal is likely to value them at INR 90,000 to INR 100,000 million ($1 billion to $1.2 billion) enterprise value, inclusive of debt, they said.

Currently, Brookfield has about 20 GW of wind and solar assets in operation or in the development pipeline across India. Investment bank JP Morgan has been hired to run the process, said the people cited above. Of the 1.6 GW, 1 GW is operational.

Close to 600 MW of projects are under construction, expected to be completed by year-end. Brookfield may add another 500-600 MW of assets, likely to be completed in the next two years, to those on the block, the people cited said. The holdings that will be divested include capacities of 500 MW in Rajasthan, 50 MW in Gujarat, 300 MW in south India and 80 MW in Madhya Pradesh.

A Brookfield spokesperson declined to comment.