REC Grants Record ₹7,500 Crore Funding to Brookfield’s 1,040 MW Clean Energy Project

The Rural Electrification Corporation (REC) has sanctioned a record ₹7,500 crore in funding for Brookfield’s 1,040 MW hybrid renewable energy project in Kurnool, Andhra Pradesh.

Combining solar and wind power generation, this project represents a significant milestone in India’s clean energy drive and stands as REC’s largest private-sector sanction to date.

Brookfield’s Ambitious Hybrid Project

The hybrid project, valued at ₹9,910 crore, integrates 400 MW of solar capacity and 640 MW of wind capacity. It is being developed by Evren, a clean-energy platform formed through a joint venture between Brookfield and Axis Energy.

According to REC, this marks the single largest funding approval the organisation has ever extended to a private-sector energy initiative, reinforcing its commitment to supporting India’s renewable transformation.

Part of a Larger Clean Energy Pipeline

This project is a key component of Brookfield’s broader 8,000 MW renewable energy pipeline in Andhra Pradesh, which involves a total investment of ₹50,000 crore. 

Through Evren, Brookfield has already lined up over 3 GW of renewable capacity across Kurnool and Anantapur, indicating strong momentum in the state’s green infrastructure development.

REC Share Price Performance

On 3 November 2025, REC Limited shares rose 1.13% to ₹379.10, reaching an intraday high of ₹380.05 against a previous close of ₹374.85. Trading opened at ₹374.90 and recorded a low of ₹374.00.

Read More: Gaur Family Re-Enters the Race with ₹18,000 Crore Bid to Reclaim Jaiprakash Associates.

Conclusion

The ₹7,500 crore REC funding for Brookfield’s Kurnool hybrid renewable energy project marks a major stride toward India’s clean energy future. As Andhra Pradesh cements its role as a renewable powerhouse, collaborations between government bodies and global energy investors like Brookfield will be pivotal in driving the country’s sustainable growth agenda.

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