It's simple, Green and Brown:
Greenfield:-
It is project development on land which was not used for many years but did NOT have any construction, such as agriculture land, plots, government land, etc.
Brownfield:-
It is a project redevelopment, the land will have previous construction such as residential, commercial, or industry and can be contaminated soil (polluted due to industrial waste).
Development and Redevelopment:
As in Greenfield, there is no previous construction, hence it is called Development.
As in Brownfield, there is previous construction and needs redevelopment, hence it is called Redevelopment.
Few Points:
In Greenfield projects, the investment is on building a new facility whereas, in Brownfield projects, the investment is on the redevelopment of the old facility.
In Greenfield, we don't require to cleanup site whereas, in Brownfield requires cleanup and it cost more.
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