NTPC and Brookfield’s Evren Sign 300 MW PPA

In a key development toward India’s renewable energy goals, Brookfield-backed platform Evren has signed a 300 MW power purchase agreement (PPA) with NTPC Ltd, the country’s largest power utility. The agreement is centered on delivering firm and dispatchable renewable energy (FDRE) — with a strong emphasis on solar power — and aims to enhance the reliability of green energy supply across the grid.

As part of the agreement, Evren, in collaboration with NTPC, will develop close to 1 GW of renewable energy capacity, encompassing utility-scale solar and wind projects integrated with battery energy storage systems (BESS). By combining storage with variable renewables, the project aims to deliver reliable energy during peak hours, addressing the challenge of intermittency and reinforcing NTPC’s commitment to expanding its clean energy portfolio through innovative, firm, and dispatchable renewable solutions.

The project is a vital contribution to India’s National Solar Mission and is expected to support NTPC’s expanding non-fossil energy portfolio, while assisting power distribution companies in meeting both their renewable energy consumption and energy storage obligations.

“The FDRE tender marks a great milestone for Evren. We are proactively investing in a large pipeline of high-quality resources, comprising of interconnect approvals and data mapped land, thereby enabling us to provide decarbonization solutions at scale. We are firmly placed to contribute to India’s renewable energy transition at scale,” said Suman Kumar, CEO of Evren.

Evren, a joint venture between Brookfield and Axis Energy, currently manages a portfolio of over 11 GW, which includes 7 GW of late and mid-stage solar and wind projects across India. Through this agreement, the platform reinforces its role in enabling the country’s transition to cleaner energy, while bringing in global expertise and capital to support large-scale renewable infrastructure.