Evren, a clean energy platform launched by Brookfield in India as a joint venture with Axis Energy, has committed to invest $5 billion in renewable power development in Andhra Pradesh. The investment is planned for development of 3.5 GW of solar and 5.5 GW of wind assets in the State in a phased manner. Projects totaling 3 GW are scheduled for commissioning by the end of 2026.
The announcement was made after a meeting of Brookfield and Axis representatives with chief minister N Chandrababu Naidu and energy minister Gottipati Ravi Kumar.
Besides renewables, Evren is exploring opportunities across integrated solar module manufacturing, pumped storage, battery storage, e-mobility, and green ammonia space in the state.
Evren has an initial target to build over 6 GW of renewable energy assets in the next 2-3 years in the most resource-rich states in India
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