REC sanctions ₹75 billion for Brookfield renewable project
after close1 source ↓written by the desknot a recommendation
- for Brookfield’s
- ₹75 billion
- in Kurnool
- 1,040 MW hybrid renewable project
- comprising
- 640 MW wind
- capacity
- 400 MW solar
- investment pipeline
- ₹500 billion
REC Limited has sanctioned ₹75 billion for Brookfield’s 1,040 MW hybrid renewable project in Kurnool, comprising 640 MW wind and 400 MW solar capacity. This is the largest sanction ever for a private-sector project by REC, contributing to Brookfield’s ₹500 billion investment pipeline in Andhra Pradesh.
The funding is significant for the renewable sector, potentially boosting investor confidence in green energy initiatives. ⚡
Not investment advice. For informational purposes only.