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The Rural Electrification Corporation (REC) has sanctioned Rs 7,500 crore in funding for Brookfield's hybrid renewable energy project at Kurnool, comprising 400 MW of solar and 640 MW of wind capacity.The total cost of the clean energy project is estimated at Rs 9,910 crore. This marks the single largest REC sanction ever extended to a private-sector project, the TDP said in a statement on Monday."REC has sanctioned a record Rs 7,500 crore funding for Brookfield's 1,040 MW hybrid renewable energy project at Kurnool, comprising 640 MW of wind and 400 MW of solar capacity," the statement said.The renewable energy project is being developed by Evren, a clean-energy platform jointly launched by Brookfield and Axis Energy. As part of Brookfield's broader 8,000 MW pipeline in Andhra Pradesh involving a total investment of Rs 50,000 crore, Evren has already lined up over 3 GW of renewable power projects across Kurnool and Anantapur,Live EventsSpeaking on the development, Andhra Pradesh IT Minister Nara Lokesh said the state is fast emerging as a renewable energy hub."Andhra Pradesh is rapidly emerging as India's renewable energy hub. We are delighted to partner with global leaders like Brookfield in building the next generation of sustainable infrastructure that creates jobs, drives industrial growth, and strengthens our energy security," Lokesh said in the statement.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onBrookfield renewable energyKurnool hybrid renewable projectRural Electrification Corporationrenewable power projects in Andhra Pradeshsolar power projecthybrid renewable energy projectrenewable energyAndhra PradeshBrookfieldsustainable infrastructure (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onBrookfield renewable energyKurnool hybrid renewable projectRural Electrification Corporationrenewable power projects in Andhra Pradeshsolar power projecthybrid renewable energy projectrenewable energyAndhra PradeshBrookfieldsustainable infrastructure(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
