The pastoral Electrification Corporation( “ REC ”) has approved backing of ₹ 7,500 crore for a large mongrel renewable- energy design being developed by Brookfield’s clean- energy platform in the Kurnool region of Andhra Pradesh. The total estimated cost of the design is about ₹ 9,910 crore, making this the largest permission ever by REC for a private- sector renewable design in India.
The design, developed under the platform known as Evren( which is a common adventure between Brookfield and Axis Energy), comprises a cold-blooded generation capacity of 1,040 MW — specifically, 640 MW of wind power and 400 MW of solar power. Evren has formerly erected up a design channel in the region, exceeding 3 GW of renewable capacity across Kurnool and Anantapur sections as part of Brookfield’s broader ambition of an 8,000 MW channel in Andhra Pradesh backed by around ₹ 50,000 crore of investment.
From a policy and indigenous- development perspective, Andhra Pradesh is being deposited by state officers as an imperative mecca for renewable energy, and the Brookfield/ Evren investment is aligned with that narrative. As the state’s IT minister, Nara Lokesh, noted, the state is “ fleetly arising as India’s renewable energy mecca. ” He emphasised that hookups with global players like Brookfield are helping make next- generation sustainable structure that supports job creation, artificial growth and energy security.
In practical terms, what this means is that REC — a public- sector enterprise entrusted with supporting electrification and power structure in India is backing a major private- sector renewable design. The fact that the permission is the largest ever for the private sector underlines both the scale of the design and the significance being placed on renewables in the region. Because the total design cost is nearly ₹ 9,910 crore and the sanctioned ₹ 7,500 crore implies that a significant portion of backing will still need to come from other equity or debt sources to meet the full cost. The mongrel format — combining wind and solar — also means that the design is designed to tap into reciprocal renewable coffers( wind being stronger in some seasons, solar in others) which may help smooth generation biographies.
For Brookfield Evren, this blessing strengthens their presence in Andhra Pradesh’s renewable ecosystem. Their channel formerly spans several gigawatts, and this design adds further instigation. For the state, it signals continuing commitment to draw large- scale global investment into clean energy. And for REC, the move suggests the institution is comfortable sanctioning veritably large private- sector renewables deals, likely signalling confidence in the sector’s threat- return profile, nonsupervisory stability and design prosecution terrain.
Of course, as with any large structure design, prosecution threat remains timelines, land accession, grid connectivity, offtake arrangements, nonsupervisory concurrences, and backing structure( equity/ debt blend, interest rates) are all critical. The cold-blooded nature of the design adds complexity in terms of operating different resource technologies and balancing the affair, but also offers diversification advantages.
Another point worth noting the region of Kurnool/ Anantapur in Andhra Pradesh has been seeing increased renewable development, and this design further cements that instigation. It may have original profitable counteraccusations — in terms of job openings( construction, operations, conservation), force- chain engagement( for turbines, solar modules, gearboxes, balance- of- factory), and structure strengthening( roads, grid lines). The state government’s positive architecture suggests a probative policy and nonsupervisory background, which is important for investor confidence.
Looking ahead, the successful completion of this design could serve as a template for mongrel renewable investments away — especially in countries with good wind and solar resource complementarity. It may also encourage further large- scale private- sector involvement, and more significant backing from public institutions like REC.
From an environmental sustainability lens, the shift aligns with India’s broader decarbonisation pretensions, growth in renewables to meet demand, and adding interest in mongrel systems that can deliver further dependable renewable affair. For stakeholders covering ESG( terrain, social, governance) trends and sustainable structure investment flows, the REC permission is a noteworthy index of capital deployment into clean energy in India.
In sum, the REC blessing of ₹ 7,500 crore backing to Brookfield/ Evren for the 1,040 MW mongrel solar- wind design in Kurnool represents a significant corner — financially, regionally and in terms of India’s renewable energy line. While the prosecution phase will determine factual issues, the advertisement itself signals strong alignment between state policy intentions, private- sector investment, and public- sector backing in incubating sustainable structure growth.
