Brookfield announced a $550 million equity investment in Leap Green Energy, a Tamil Nadu-based company, with an initial commitment of $200 million. The investment gives Brookfield a controlling stake in Leap Green Energy.
Brookfield plans to collaborate with Leap Green Energy’s current shareholders to enhance its capabilities and expand the platform to over three gigawatts (GW) within the next four to five years. An additional $350 million has been allocated to support the company’s future growth.
Leap Green Energy specializes in renewable energy solutions for commercial and industrial (C&I) customers. Brookfield’s investment will be made through the Brookfield Global Transition Fund I (BGTF I), aligning with its strategy of investing in projects that accelerate the global shift towards a net-zero carbon economy. BGTF I’s support will significantly aid Leap Green Energy’s expansion plans, particularly in the fast-growing C&I sector.
Tamil Nadu presents a substantial market opportunity with a growing renewable C&I market estimated at 20 GW. Leveraging Brookfield’s financial resources, procurement capabilities, and operational expertise, along with Leap Green’s development, asset management, and customer service strengths, the partnership is poised to effectively meet the decarbonization needs of the C&I segment. As reported by projectstoday.com, Brookfield currently manages approximately 33 GW of generating capacity and has a development pipeline exceeding 155 GW.
