Magazine

Last edition
September-October P2 2025

Home › Investment & Trading ›REC Approves INR 7,500 Cr Funding for Brookfield’s 1,040 MW Hybrid Project in Andhra Pradesh

REC Approves INR 7,500 Cr Funding for Brookfield’s 1,040 MW Hybrid Project in Andhra Pradesh

REC sanctions INR 7,500 crore for Brookfield’s 1,040 MW hybrid renewable project, which includes 640 MW of wind and 400 MW of solar capacity, in Kurnool, Andhra Pradesh.

November 04, 2025. By Mrinmoy Dey

The Rural Electrification Corporation (REC) has sanctioned INR 7,500 crore in funding for Brookfield’s 1,040 MW hybrid renewable energy project in Kurnool, Andhra Pradesh. This includes 640 MW of wind and 400 MW of solar capacity.

With a total project cost of INR 9,910 crore, this marks REC’s largest-ever sanction to a private-sector initiative, according to a statement issued by the TDP.

The project is being developed by Evren, a clean energy platform jointly established by Brookfield and Axis Energy. Evren has already identified over 3 GW of renewable projects across Kurnool and Anantapur, forming part of Brookfield’s 8 GW pipeline in Andhra Pradesh with a total planned investment of INR 50,000 crore.

Commenting on the announcement, Andhra Pradesh IT Minister Nara Lokesh said the state is quickly becoming a renewable energy powerhouse. “Andhra Pradesh is rapidly emerging as India’s renewable energy hub. We are pleased to partner with global leaders like Brookfield to build next-generation sustainable infrastructure that creates jobs, drives industrial growth, and strengthens our energy security,” he stated.

Tags:

Evren RE projects in India

Brookfield hybrid projects in Andhra Pradesh

RE project financing

Nara Lokesh