Evren, a platform launched by Brookfield Asset Management in partnership with Axis Energy, has announced securing $600 million for its renewable energy project in India. This project, which combines solar and wind power generation with a battery energy storage system, aims to deliver 300 MW of dispatchable renewable energy to the National Thermal Power Corporation (NTPC) under a power purchase agreement. With a total installed capacity of approximately 1 GW, the project is set to be commissioned in 2027 and is expected to generate around 2,400 GWh of electricity annually, displacing over 1.5 million tonnes of CO2 emissions each year. The financing for this project comes from a consortium of lenders, including SMBC, Standard Chartered Bank, MUFG, DBS Bank, Crédit Agricole CIB, and BNP Paribas. This integrated renewable energy approach is designed to enhance grid stability and energy security, allowing renewable sources to compete effectively with traditional power generation. Looking ahead, Evren aims to develop over 7 GW of renewable energy assets across resource-rich states in India over the next four to five years.