Brookfield has made an equity investment of more than $200 million in Leap Green Energy through a combination of subscription of new shares and acquisition of shares from current shareholders and acquired a majority controlling stake in the company.
Brookfield has an option to infuse a further $350 million of incremental equity capital to support the future growth of the business.
Leap Green is a power-generating company based out of Coimbatore, India. Brookfield will work alongside Leap Green’s existing shareholders to enhance the company’s capabilities and grow the platform to more than 3 gigawatts during the next four to five years. The investment, being made through the Brookfield Global Transition Fund I (BGTF I), will provide impetus to Leap Green platform’s growth ambitions in India’s C&I segment.
“We are pleased to partner with Leap Green and look forward to supporting them in their growth ambitions,” said Nawal Saini, managing director,
