Brookfield acquires controlling stake in Leap Green Energy

Brookfield has signed definitive agreements to acquire a majority controlling stake in Leap Green Energy, an Indian renewable energy company that focuses on the commercial and industrial (C&I) segment.

Brookfield will initially invest over US$200 million in Leap Green by subscribing to new shares and acquiring existing shares. Additionally, it has the option to invest another US$350 million in equity to support Leap Green’s expansion. Brookfield will collaborate with Leap Green Energy’s current shareholders to enhance its capabilities and grow the platform to over 3 GW in the next four to five years. This investment is made through the Brookfield Global Transition Fund I (BGTF I) and aims to boost Leap Green’s growth in India’s expanding C&I segment.