Relevance for UPSC (GS Paper III – Economy / Environment)

Global infrastructure investor Brookfield Asset Management has announced an investment of $12 billion (₹1 lakh crore) in renewable energy projects in Andhra Pradesh over the next three years — one of the largest foreign commitments in India’s clean energy sector. The company aims to expand its total assets in India to $100 billion by 2030, marking a major milestone in global confidence toward India’s green transition.

The investment will fund large-scale solar, wind, and hybrid renewable projects, helping the state emerge as a renewable energy hub. A significant part of the plan includes a 1,040 MW hybrid power project in Kurnool district, which combines 640 MW of wind energy and 400 MW of solar energy, supported by strong policy and financial backing from Indian institutions.

Why This Matters for India

• Energy Transition and Climate Goals: The project strengthens India’s path toward achieving net-zero emissions by 2070, supporting SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).
  
• Foreign Investment and Infrastructure: The investment brings global capital and expertise to India’s clean energy sector, aligning with Make in India and Atmanirbhar Bharat initiatives.
  
• Grid Stability Through Hybrid Power: By combining solar and wind sources, hybrid projects ensure more stable and consistent electricity supply, addressing the intermittency problem in renewables.
  
• State-Level Leadership: Andhra Pradesh’s renewable-friendly policies, available land, and favourable geography make it a model for other states.
  
• Employment and Economic Growth: Such large-scale projects generate thousands of jobs in construction, operations, and manufacturing, while boosting local economies.
  

One-line wrap: Brookfield’s $12 billion investment in Andhra Pradesh marks a defining moment in India’s green energy journey—blending foreign capital, technology, and sustainable policy vision.

UPSC Prelims Practice Question:Which of the following statements about Brookfield’s green energy investment in India are correct?

1. Brookfield plans to invest $12 billion in renewable energy projects in Andhra Pradesh over the next three years.
   
2. The company aims to reach $100 billion in total assets in India by 2030.
   
3. Hybrid renewable energy projects integrate multiple sources like solar and wind to ensure continuous power generation.
   

Select the correct code:
A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3

Answer: D