Brookfield's ₹50,000 Crore Green Revolution in Andhra Pradesh
Brookfield's ₹50,000 Crore Green Revolution in Andhra Pradesh
Andhra Pradesh is taking a giant leap towards a sustainable future with Brookfield and its clean energy platform, Evren, committing ₹50,000 crore to renewable energy projects. This investment, the largest in India's clean energy sector, will add 8.66 GW of solar and wind power capacity by 2027. It highlights the state's strategic focus on renewable energy and its growing appeal to global investors.
Brookfield and Evren: Vision for Sustainability
Evren, a collaboration between Brookfield (51% stake) and Axis Energy (49% stake), is spearheading this project to create 3,500 MW of solar and 5,500 MW of wind assets. Additionally, 3,000 MW of renewable energy projects are already in progress and expected to be commissioned by 2026. Beyond renewable energy, Evren is exploring investments in:
- Solar module manufacturing
- Pumped hydro and battery storage solutions
- E-mobility and green ammonia production
Why Andhra Pradesh is the Ideal Renewable Energy Hub
Andhra Pradesh offers a unique combination of geographic and policy advantages for renewable energy investments:
- Abundant Solar and Wind Resources: The state’s natural resources make it ideal for large-scale renewable energy projects.
- Investor-Friendly Policies: Transparent and business-friendly policies, championed by Chief Minister N. Chandrababu Naidu, make the state attractive to global investors.
- Strategic Vision: Initiatives such as solar parks, rooftop solar installations, and pumped hydro storage reflect Andhra Pradesh’s commitment to clean energy development.
Energy Minister Gottipati Ravi Kumar emphasized that the state government is fostering a favorable environment for investors, focusing on job creation and sustainable economic growth.
Strategic Project Locations in Andhra Pradesh
- Kurnool Solar Park: A significant portion of the solar capacity is expected to be developed here, leveraging its high solar irradiance.
- Anantapur District: Known for its wind potential, this area will host major wind energy projects.
- Kadapa: Additional projects, including solar parks and pumped hydro storage systems, will be established in Kadapa, enhancing the district's energy infrastructure.
Economic and Environmental Impact
- Job Creation: Thousands of jobs will be generated across construction, operations, and maintenance.
- Carbon Emission Reduction: The project aligns with India’s goal to achieve 500 GW of renewable energy by 2030.
- Energy Security: Enhances Andhra Pradesh’s energy infrastructure and reduces reliance on fossil fuels.
- Infrastructure Development: Leads to better connectivity, utilities, and facilities in project locations.