Evren raises $100 mn from ALTÉRRA, Brookfield for 11 GW energy push

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Evren raises $100 mn from ALTÉRRA, Brookfield for 11 GW energy push - Business Standard

Quick Summary:

Evren works closely with domestic manufacturers for equipment such as wind turbines and solar modules, helping localise the clean energy value chain.

India, the world’s fastest-growing major economy, is looking to scale up its renewable energy capacity to meet rising power demand and decarbonisation goals.

The country has set a target of 500 GW of installed renewable capacity by 2030, with estimates suggesting that reaching this goal will require around $300 billion in investments by the end of the decade, translating to $50 to $60 billion per year.