Brookfield buys majority stake in Indian developer Leap Green Energy

Facebook
Twitter
LinkedIn
Reddit
Email
Leap Green said it plans to expand into the roughly 20GW corporate & industrial (C&I) renewable energy market in Tamil Nadu. Image: Fourth Partner Energy via X

Canadian asset owner Brookfield has acquired a majority stake in Indian clean power company Leap Green Energy in a US$200 million equity investment.

The investment will support plans to expand Leap Green’s operating capacity to 3GW. Key to this plan is the Indian state of Tamil Nadu, where Leap Green said it plans to expand into the roughly 20GW corporate & industrial (C&I) renewables market.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The investment was carried out through the Brookfield Global Transition Fund I (BGTF I), a US$15 billion net zero investment vehicle which, at the time of its announcement, was the largest such fund in the world. In February this year, Brookfield closed the first US$10 billion in the second round of the BGTF, part of which it said was tied up in a solar development partnership in India.

In addition to the US$200 million deal, Brookfield has the option to “infuse” a further US$350 million incrementally to support the growth of Leap Green Energy.

 Nawal Saini, head of renewable power & transition, South Asia and the Middle East at Brookfield said: “Our partnership provides an important opportunity to meet the demand in the C&I segment and deliver outcomes where decarbonisation and value creation are in total alignment. We remain committed to helping corporates in reducing their carbon footprint and positively impacting the environment.”

Brookfield is one of the largest asset owners in the global renewable energy industries. Last month, the firm launched its €6.1 billion acquisition of French independent power producer (IPP) Neoen, and in May, it launched a renewable energy offtake agreement with tech giant Microsoft. This deal was worth over US$10 billion and corresponds to over 10GW of renewable energy offtake agreements.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

October 8, 2025
Despite policy headwinds on the federal level, there is optimism for the future of the US solar and storage sector.
October 8, 2025
Officials from Norway and Egypt have agreed provisional terms for the financing of the Dandara solar park in Egypt, which is being built and operated by Norwegian IPP Scatec.
October 8, 2025
Saatvik Green Energy has secured new solar PV module orders worth more than INR7 billion (US$84 million), to be delivered in this financial year.
October 7, 2025
Juniper Green Energy through its subsidiary Juniper Green Sigma Eight has signed a 70MW power purchase agreement with renewable energy giant Tata Power. 
October 7, 2025
OpenSolar has secured US$13.1 million in equity financing from technology investors, including Titanium Ventures, Google and others.
October 7, 2025
Doral Renewables has secured a PPA with an unnamed 'corporate buyer' for its 430MW Cold Creek solar-plus-storage project in Texas.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK