REC powers Rs 7,500-cr boost for Brookfield’s green push in AP
Record funding backs India’s largest private renewable project as Andhra Pradesh positioning itself with 50K-cr Green Energy Vision as India’s clean-energy hub
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Amaravati: In a major boost to Andhra Pradesh’s clean-energy ambitions, the Rural Electrification Corporation (REC) has sanctioned a record Rs7,500-crore funding for Brookfield’s 1,040MW hybrid renewable-energy project in Kurnool, comprising 640 MW of wind and 400 MW of solar capacity.
The total project cost is estimated at Rs9,910 crore. It is significant as this represents the single largest REC sanction ever extended to a private-sector project.
The project is being developed by Evren, a clean-energy platform launched by Brookfield and Axis Energy as a joint venture. Evren has already lined up over 3GW of renewable projects across Kurnool and Anantapur, forming part of Brookfield’s broader 8,000MW pipeline in Andhra Pradesh with a total investment of Rs50,000 crore.
This major milestone follows Minister Nara Lokesh’s meeting with Brookfield Global President Connor Teskey in London in September, where both sides explored opportunities for deeper collaboration across renewable energy, AI-ready data centers, and green infrastructure.
Brookfield is one of the world’s largest alternative investment managers, with over $1 trillion in assets under management and a leadership position in renewable power.
The company has around 46GW of installed capacity and a development pipeline of nearly 200 GW globally. Its India portfolio spans renewable energy, infrastructure, data centers, and real estate, and the Andhra Pradesh program represents a cornerstone of Brookfield’s expanding green footprint in Asia.
