Evren signs 750 MW renewable energy PPA with NTPC

Brookfield-backed Evren has signed a 750 MW power purchase agreement (PPA) with NTPC for solar, wind and battery energy storage projects in Andhra Pradesh and Rajasthan.

Evren on Monday said it has signed a 750 MW power purchase agreement (PPA) with state-owned power giant NTPC, comprising solar, wind, and battery energy storage projects in Andhra Pradesh and Rajasthan.

This agreement marks a significant milestone in the company’s growth journey and is among the largest renewable energy projects secured by capacity in India, the company said in a statement.

The project, once operational, will generate 2.5 billion units of clean energy annually and mitigate 1.8 million tonnes of carbon dioxide emissions every year, it added.

Suman Kumar, CEO of Evren, said, "Securing this 750 MW PPA reflects the scale, quality, and execution capabilities Evren has built over time. With an 11 GW pipeline portfolio, including over 3.5 GW under construction across solar, wind and battery energy storage, we are well positioned to deliver reliable, sustainable power at scale and serve as a long-term partner to customers".

Evren is a renewable energy platform backed by Brookfield focused on developing, owning, and operating utility-scale solar, wind, and energy storage assets in India.

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