Brookfield Asset Management, the global infrastructure and investment giant, has announced plans to invest USD 12 billion (Rs 1 trillion) in Andhra Pradesh’s renewable energy sector over the next three years — marking the largest clean energy commitment by any global investor in a single Indian state.

The investment forms part of Brookfield’s broader goal to expand its India portfolio from USD 30 billion (Rs 2.5 trillion) to USD 100 billion (Rs 8.3 trillion) by 2030, reflecting growing confidence in India’s renewable energy landscape and policy reforms.

The proposed investment will focus on renewable power generation, green hydrogen, and integrated clean-energy manufacturing facilities. Brookfield aims to partner with domestic and global firms to establish large-scale solar and wind projects, develop green hydrogen production hubs, and build component manufacturing units to strengthen India’s clean energy supply chain.

Officials said the multi-billion-dollar initiative demonstrates strong investor confidence in Andhra Pradesh’s policy stability, infrastructure, and renewable potential. The state’s vast land reserves, robust transmission networks, and extensive coastline make it ideal for wind and hydrogen-based projects.

In addition to its USD 12 billion green energy plan, Brookfield is also exploring investments in real estate and hospitality across Andhra Pradesh. Discussions are underway for a satellite township north of Visakhapatnam (Vizag) and the development of new luxury hotels under the Leela brand, which Brookfield owns through its hospitality division.

These ventures, though separate from the renewable portfolio, align with Brookfield’s long-term strategy of integrating infrastructure, energy, and urban development across high-growth Indian states.

The announcement reinforces Andhra Pradesh’s growing reputation as a clean energy hub and a preferred destination for global infrastructure investment, aligning with India’s ambition to achieve 500 GW of renewable capacity by 2030.