Evren has secured ~USD 600 million in financing for one of India’s first large-scale, fully integrated Firm and Dispatchable Renewable Energy (FDRE) projects.
Financing one of the largest FDRE projects
Being developed across Andhra Pradesh and Rajasthan, the ~1 GW project combines solar, wind, and battery storage to deliver reliable, on-demand clean power—marking a significant step forward for next-generation energy infrastructure in India.
We are proud to partner with NTPC under a long-term PPA to supply 300 MW of renewable power. Once commissioned in 2027, the project is expected to generate ~2,400 GWh annually and offset over 1.5 million tonnes of CO₂ emissions each year—supporting India’s target of 500 GW of non-fossil capacity by 2030.
Evren, backed by Brookfield, is focused on building scalable, dispatchable clean energy solutions that enhance grid reliability, strengthen energy security, and accelerate the path to net zero.
This milestone reflects strong global confidence in India’s energy transition, with support from leading financial institutions including SMBC Group, Standard Chartered India, MUFG, DBS Bank, Crédit Agricole CIB, and BNP Paribas. This has been possible with help of our partners who supported this transaction: Herbert Smith Freehills Kramer, Cyril Amarchand Mangaldas, JSA, TRACTEBEL, Aurora Energy Research, Alliance Insurance Brokers Pvt Ltd, Trowers & Hamlins.
