Vijayawada, Nov. 4 -- In a major boost to Andhra Pradesh's clean-energy ambitions, the Rural Electrification Corporation (REC) has sanctioned a record Rs 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.
The total project cost is estimated at Rs 9,910 crore, and 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 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...