A consortium of global lenders, including Sumitomo Mitsui Banking Corporation, Standard Chartered Bank, and Mitsubishi UFJ Financial Group, is set to provide approximately $600 million in financing for Brookfield's hybrid renewable energy project in Andhra Pradesh and Rajasthan, India. The project, developed under Evren—a joint venture between Brookfield and Axis Energy—has a total capacity of 1.04 GW, comprising 640 MW of wind and 400 MW of solar power, along with battery energy storage. This initiative aligns with India's goals to enhance its renewable energy infrastructure, as it integrates solar, wind, and battery storage to ensure reliable power supply during peak demand hours. The project has an estimated total investment of around $1.12 billion and includes a power purchase agreement with NTPC Ltd for 300 MW of electricity. Brookfield has invested over $4 billion in India's energy sector, with a portfolio exceeding 45 GW of renewable assets. India's non-fossil fuel capacity is projected to reach 786 GW by 2035-36, showcasing the country's commitment to expanding its renewable energy landscape.