EnergyPre-market
REC sanctions ₹7,500 cr for Brookfield's renewable project
pre-market1 source ↓written by the desknot a recommendation
- for Brookfield's hybrid
- ₹7,500 crore
- which includes
- 400 MW of solar
- 640 MW of wind capacity
- investment plan
- ₹50,000 crore
- of renewable energy
- 8,000 MW
The Rural Electrification Corporation has sanctioned ₹7,500 crore for Brookfield's hybrid renewable energy project in Kurnool, which includes 400 MW of solar and 640 MW of wind capacity. This funding is the largest REC has ever provided to a private-sector initiative.
This project is part of Brookfield's broader ₹50,000 crore investment plan in Andhra Pradesh, which aims to develop 8,000 MW of renewable energy capacity, potentially boosting market sentiment in the clean energy sector.
Not investment advice. For informational purposes only.