Login
SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Global lenders to support Brookfield’s 1.04 GW hybrid project with USD 600 mn financing

#Infrastructure News#Infrastructure#India
Last Updated : 24th Apr, 2026
share-icon Share
font-size icon Font size
ABC Small ABCMedium ABCLarge
Save
print Print
comment Comment
Synopsis

A group of global lenders is preparing to extend about USD 600 mn in financing for Brookfield’s 1.04 GW hybrid renewable energy project in India. The project is being developed through its Evren platform in partnership with Axis Energy and combines wind, solar, and battery storage to provide firm power output. Spread across Andhra Pradesh and Rajasthan, it has secured long-term power agreements, including a supply arrangement with NTPC Ltd. The financing adds to earlier domestic debt support and strengthens funding for large-scale renewable expansion.

Story Image

Representative image

A consortium of global financial institutions is in the process of arranging credit support of around USD 600 mn for Brookfield’s 1.04 GW hybrid renewable energy project in India. The lending group includes Sumitomo Mitsui Banking Corporation, Standard Chartered Bank, Mitsubishi UFJ Financial Group, DBS, BNP Paribas and Crédit Agricole CIB, according to people aware of the development.


The funding is linked to Brookfield’s clean energy platform Evren, which is developed in partnership with Axis Energy. The project is structured as a hybrid renewable system with about 640 MW of wind capacity, 400 MW of solar capacity, and battery energy storage systems. This combination is designed to deliver steady and dispatchable power rather than variable output from single-source renewable assets.

The project is located across Andhra Pradesh and Rajasthan and forms part of a wider shift towards hybrid renewable developments in India. These projects are being prioritised due to their ability to meet peak demand more reliably and support grid stability.

Evren had already entered into a long-term power supply agreement with NTPC Ltd for 300 MW of electricity under a firm and dispatchable renewable energy framework. The structure integrates wind, solar, and storage to ensure continuous supply during peak usage periods while helping utilities meet renewable purchase obligations.

On the funding side, the project has already received strong domestic financial backing. A state-owned financial institution had earlier sanctioned close to INR 7,500 crore for the project, which is among the larger debt commitments made for a private sector renewable energy asset. The total project cost is estimated at about INR 9,910 crore.

Brookfield’s renewable energy portfolio in India continues to expand across multiple technologies, including wind, solar, storage, and hybrid systems. The latest global financing effort further strengthens its funding base and supports execution of large-scale clean energy projects in the country.
Next (23rd CREDAI MCHI Thane Property Expo Concludes on a High Note; Registers Record Footfalls and site visit bookings)

Have something to say? Post your comment

Post Comment

Quick Links

Asset Class

Location

Other News
post_image

5th Jun, 2025

Mumbai emerges as top data centre hub in Asia-Pacific region
post_image

25th May, 2023

Reliance Industries acquires the Mandarin Oriental Hotel in New York
post_image

11th May, 2023

U.S. housing market sees significant decline in home listings amidst reluctant sellers and high mortgage rates
post_image

27th Apr, 2023

US single-family housing construction on the rise: positive signs for a struggling market