Canadian investor Brookfield has bought a controlling stake in Leap Green Energy, a renewable energy company based in Tamil Nadu, India. Brookfield will invest over $200 million in Leap Green by buying new shares and shares from current owners. They might invest another $350 million later to help the company grow.
Leap Managing Director and head of renewable power and transition for South Asia and West Asia at Brookfield, said: “Our partnership is a great chance to meet the needs of commercial and industrial customers and achieve both decarbonization and value creation. We are dedicated to helping Green provides clean energy to businesses. Brookfield plans to help Leap Green grow its energy capacity to over 3 gigawatts in the next 4-5 years. The investment will be made through the Brookfield Global Transition Fund I (BGTF I).”
Rajeev Karthikeyan, founder and Managing Director of Leap Green, and Dev Anand Vijayan, founder and CEO of Leap Green, said: “We are excited to work with Brookfield. By combining their strengths with ours, we can grow Leap Green into a multibillion-dollar renewable energy company, while staying focused on Tamil Nadu.”
Brookfield is a major investment firm based in Canada, known for its focus on renewable energy and infrastructure. The company manages a large portfolio, including wind and solar projects around the world. With a strong commitment to sustainability,
Brookfield aims to help businesses reduce their carbon footprints while supporting clean energy solutions. They actively seek opportunities to invest in companies that align with their goal of promoting a greener future.
