Canadian Giant Brookfield Pours $550 Million into Leaping Green Energy

Brookfield has committed $550 million to Leap Green Energy, a renewable energy platform in Tamil Nadu. The deal includes an initial $200 million and a future option for $350 million, marking a major step in Brookfield's renewable energy investments. This move grants Brookfield a controlling stake in Leap Green Energy, aiming to boost the company's growth and capabilities.

The investment will see Brookfield subscribe to new shares and acquire shares from existing shareholders. Collaboration with Leap Green’s current shareholders is planned to expand the platform to over 3 GW in the next four to five years. This strategic alliance is set to enhance Leap Green’s position in the renewable energy sector significantly.

Funds for the investment come from Brookfield Global Transition Fund I (BGTF I), dedicated to promoting a net-zero carbon economy while ensuring solid returns for investors. Brookfield’s capital and expertise are expected to accelerate Leap Green’s growth, especially in the commercial and industrial (C&I) segment of Tamil Nadu's renewable energy market.

Tamil Nadu's C&I renewable market, with a potential of 20 GW, is a key target for Leap Green. Brookfield's support will leverage Leap Green’s development and asset management capabilities to meet the decarbonization goals of the C&I segment, ensuring substantial growth.

Brookfield, a global leader in renewable power investments, boasts around 33 GW of generating capacity and a 155 GW development pipeline. In India, Brookfield manages over 25 GW of wind and solar assets, positioning itself as a pivotal player in the country's renewable energy transition.

News by Rahul Yelligetti