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Evren and Axis Energy Sign Rs 1.10 Lakh Crore MoU with Andhra Pradesh for Large-Scale RE Projects

The Andhra Pradesh government has signed an MoU valued at nearly Rs 1.10 lakh crore with ABC Cleantech (Evren) and Axis Energy Ventures to develop large-scale solar, wind, and energy storage projects in the state. The agreement was executed by NREDCAP in the presence of Chief Minister N. Chandrababu Naidu.

Evren — a joint venture between Brookfield Renewables and Axis Energy — will set up 6,500 MW of wind power, 6,500 MW of solar power, 6,500 MWh of energy storage, as well as facilities to produce 0.25 MTPA of green hydrogen and 1 MTPA of its derivatives.

The generated power will support state discoms and energy-intensive sectors including data centres, green hydrogen production, and clean manufacturing. These projects will greatly enhance Andhra Pradesh’s renewable energy portfolio and contribute to India’s broader decarbonisation goals.