<p>Hyderabad: <a href="https://www.deccanherald.com/tags/canada">Canada</a>-based leading alternative investment management firm Brookfield, backed clean energy platform Evren, has committed to investing $5 billion in <a href="https://www.deccanherald.com/india/andhra-pradesh">Andhra Pradesh</a> in solar and wind projects, said the Andhra Pradesh government.</p><p>Brookfield Managing Directors Nawal Saini and Murzash Manekshana met Andhra Chief Minister <a href="https://www.deccanherald.com/tags/n-chandrababu-naidu">N Chandrababu Naidu</a> and other energy department officials. The meetings went on till late on Tuesday night. </p>.Tamil Nadu inaugurates China-like hostel facility worth Rs 700 cr for Foxconn workforce.<p>In a phased manner, Evren has committed to creating 3500 MW of solar and 5500 MW of wind assets in the state also looking beyond renewables.</p><p>Andhra Pradesh energy minister Gottipati Ravi Kumar on Wednesday said that the state government has been implementing investor-friendly policies to promote transparency and ease of doing business for investors and the public.</p><p>He emphasized that the government is committed to providing a favourable environment for investment. The Minister highlighted that Andhra Pradesh offers ample opportunities for new ventures, job creation, and sustainable development, particularly in the energy sector.</p><p>Evren has committed to create 3500 MW of Solar and 5500 MW of Wind assets in the State in a phased manner out of which 3000 MW of projects are already grounded in the state and committed to be commissioned by end of Calender Year 2026. </p><p>Evren has investment plans beyond renewables and are exploring additional opportunities in the state, across integrated module manufacturing, pumped storage, battery storage, E-mobility/EV and green ammonia space.</p><p>Brookfield is a global leader in investment management, with approximately $1 trillion in assets under management and a workforce of over 240,000 employees worldwide. </p><p>Their renewable energy division, Brookfield Renewables, is dedicated to advancing the global energy transition, with $100 billion in assets committed to renewable power and climate transition initiatives with their operations spanning five continents, encompassing a diverse portfolio of hydro, wind, solar, distributed energy, storage, and sustainable solutions, with a generating capacity exceeding 33,000 megawatts across more than 7,000 power-generating facilities. </p><p>Brookfield Renewables has a global development pipeline of over 155,000 megawatts across multiple renewable technologies, spanning 5 continents.</p><p>Brookfield has established a robust partnership with Axis Energy Ventures India Private Limited, a cleantech company with over a decade of expertise in renewable energy project implementation in 2019 and have successfully developed over 1.8 GW of solar and wind assets. </p><p>Evren is a 51:49% holding company set up between Brookfield and Axis Energy with a commitment to advance the clean energy investments in the country.</p><p>These investments would go a long way in contributing to the state's economic growth through job creation and tax contributions. </p><p>This investment plan underscores Evren’s commitment to advancing Andhra Pradesh’s energy infrastructure and supporting the global energy transition. </p><p>It looks at Andhra Pradesh as their key destination for the clean energy investments, said a senior official of Andhra Pradesh government.</p>
<p>Hyderabad: <a href="https://www.deccanherald.com/tags/canada">Canada</a>-based leading alternative investment management firm Brookfield, backed clean energy platform Evren, has committed to investing $5 billion in <a href="https://www.deccanherald.com/india/andhra-pradesh">Andhra Pradesh</a> in solar and wind projects, said the Andhra Pradesh government.</p><p>Brookfield Managing Directors Nawal Saini and Murzash Manekshana met Andhra Chief Minister <a href="https://www.deccanherald.com/tags/n-chandrababu-naidu">N Chandrababu Naidu</a> and other energy department officials. The meetings went on till late on Tuesday night. </p>.Tamil Nadu inaugurates China-like hostel facility worth Rs 700 cr for Foxconn workforce.<p>In a phased manner, Evren has committed to creating 3500 MW of solar and 5500 MW of wind assets in the state also looking beyond renewables.</p><p>Andhra Pradesh energy minister Gottipati Ravi Kumar on Wednesday said that the state government has been implementing investor-friendly policies to promote transparency and ease of doing business for investors and the public.</p><p>He emphasized that the government is committed to providing a favourable environment for investment. The Minister highlighted that Andhra Pradesh offers ample opportunities for new ventures, job creation, and sustainable development, particularly in the energy sector.</p><p>Evren has committed to create 3500 MW of Solar and 5500 MW of Wind assets in the State in a phased manner out of which 3000 MW of projects are already grounded in the state and committed to be commissioned by end of Calender Year 2026. </p><p>Evren has investment plans beyond renewables and are exploring additional opportunities in the state, across integrated module manufacturing, pumped storage, battery storage, E-mobility/EV and green ammonia space.</p><p>Brookfield is a global leader in investment management, with approximately $1 trillion in assets under management and a workforce of over 240,000 employees worldwide. </p><p>Their renewable energy division, Brookfield Renewables, is dedicated to advancing the global energy transition, with $100 billion in assets committed to renewable power and climate transition initiatives with their operations spanning five continents, encompassing a diverse portfolio of hydro, wind, solar, distributed energy, storage, and sustainable solutions, with a generating capacity exceeding 33,000 megawatts across more than 7,000 power-generating facilities. </p><p>Brookfield Renewables has a global development pipeline of over 155,000 megawatts across multiple renewable technologies, spanning 5 continents.</p><p>Brookfield has established a robust partnership with Axis Energy Ventures India Private Limited, a cleantech company with over a decade of expertise in renewable energy project implementation in 2019 and have successfully developed over 1.8 GW of solar and wind assets. </p><p>Evren is a 51:49% holding company set up between Brookfield and Axis Energy with a commitment to advance the clean energy investments in the country.</p><p>These investments would go a long way in contributing to the state's economic growth through job creation and tax contributions. </p><p>This investment plan underscores Evren’s commitment to advancing Andhra Pradesh’s energy infrastructure and supporting the global energy transition. </p><p>It looks at Andhra Pradesh as their key destination for the clean energy investments, said a senior official of Andhra Pradesh government.</p>