In a major boost to Andhra Pradesh’s clean-energy ambitions, the Rural Electrification Corporation (REC) has sanctioned a record ₹7,500 crore funding for Brookfield’s 1,040 MW hybrid renewable-energy project at Kurnool, comprising 640 MW of wind and 400 MW of solar capacity.
Evren, a clean-energy platform jointly launched by Brookfield and Axis Energy, is developing the project with an estimated total cost of ₹9,910 crore. This marks the single largest REC sanction ever granted to a private-sector initiative. Evren has already lined up over 3 GW of renewable projects across Kurnool and Anantapur, forming part of Brookfield’s broader 8,000 MW pipeline in Andhra Pradesh with a total investment of ₹50,000 crore.
This major milestone follows IT and HRD Minister Nara Lokesh’s meeting with Brookfield Global President Connor Teskey in London in August 2025, where both sides explored opportunities for deeper collaboration across renewable energy, AI-ready data centers, and green infrastructure.
Andhra Pradesh key to Brookfield’s green footprint in Asia
Brookfield is one of the world’s largest alternative investment managers, with over US $1 trillion in assets under management and a leadership position in renewable power with around 46 GW of installed capacity and a development pipeline of nearly 200 GW globally. Its India portfolio spans renewable energy, infrastructure, data centres, and real estate. The Andhra Pradesh program represents a cornerstone of Brookfield’s expanding green footprint in Asia.
Hybrid wind-solar structure to ensure continuous power supply
According to industry experts, this REC-funded project is the first in the country to combine state-level grid connectivity with a firm and dispatchable renewable power purchase agreement (PPA) under the Firm and Dispatchable Renewable Energy (FDRE) framework.
The hybrid wind-solar structure, coupled with battery storage, will ensure a continuous power supply and enhance grid reliability.
Speaking on the development, Andhra Pradesh HRD, IT, Electronics, and RTGS Minister Nara Lokesh said, “Andhra Pradesh is rapidly emerging as India’s renewable-energy hub. We are delighted to partner with global leaders like Brookfield in building the next generation of sustainable infrastructure that creates jobs, drives industrial growth, and strengthens our energy security.”
With this landmark sanction, Andhra Pradesh continues to reinforce its reputation as the Sunrise State of India, where global investors choose to grow – because those who choose speed, choose AP.
