Evren secures $600 million for 1 GW FDRE hybrid projects
Evren, a platform launched by Brookfield in India as a joint venture with Axis Energy, has secured approximately $600 million to develop its Firm and Dispatchable Renewable Energy (FDRE) hybrid project in Andhra Pradesh and Rajasthan. This is among the first large-scale, fully integrated FDRE project financings in India. The project, with an installed capacity of around 1 GW, combines solar and wind generation with a battery energy storage system to supply reliable, on-demand renewable…