REC Limited has sanctioned Rs 75 billion in funding for Brookfield’s 1,040 MW hybrid renewable energy project in Kurnool, Andhra Pradesh, comprising 640 MW of wind and 400 MW of solar capacity.
This marks the single largest REC sanction ever extended to a private-sector project. The project is being developed by Evren, a clean-energy platform jointly launched by Brookfield and Axis Energy. With an estimated total cost of Rs 99.10 billion, the project forms part of Evren’s broader 3 GW renewable portfolio in Kurnool and Anantapur, within Brookfield’s 8,000 MW pipeline in Andhra Pradesh, involving total planned investments of Rs 500 billion.
