Brookfield has finalised agreements to acquire a majority controlling stake in Leap Green Energy, a renewable energy solutions provider based in Tamil Nadu, serving commercial and industrial (C&I) clients. Brookfield plans to invest more than $200 million initially in Leap Green, involving both subscribing to new shares and purchasing shares from existing shareholders. Additionally, Brookfield has the option to inject an additional $350 million in equity capital to bolster Leap Green’s future expansion.
Brookfield will work alongside existing shareholders of Leap Green Energy to strengthen the company’s capabilities and expand the platform to exceed 3 GW within the next four to five years. Brookfield will invest through the Brookfield Global Transition Fund I, with its capital supporting Leap Green’s growth aspirations in India’s rapidly expanding C&I sector.
Leap Green Energy currently manages a portfolio of 775 MW in wind and solar assets, encompassing both operational and under-construction projects. The company operates with in-house teams dedicated to development, operations and maintenance, and customer management. Leap Green is currently expanding its services across Tamil Nadu, Rajasthan, and several other states.
