Renewable Energy M&A: Brookfield Pursues ~$8bn Capital Deployment, Looks to Acquire Majority Stake in Indian Renewables Firm Leap Green Energy

Brookfield Asset Management is planning to acquire a majority stake in Leap Green Energy from The Rohatyn Group (TRG). As part of the acquisition, Brookfield is looking to make a $500mn investment in the platform.

🔋 Portfolio Highlights:

– 750 MW operational capacity

– Includes utility-scale solar, onshore wind, and hydro projects

– Target: 7 GW installed capacity by 2029

🚀 Brookfield targets $7bn-$8bn deployment by 2028:

– The company aims to deploy this amount following a record $9bn in commitments in 2023

– Funded through the Global Transition Fund (BGTF II), which recently announced its first close at $10bn

– Aims to achieve a final close at $20bn+, surpassing the $15bn BGTF I fund

📄 Recent Major Deals:

– $2.8bn for renewables business of US’ Duke Energy

– $1.5bn for a 50% stake in Spanish firm X-Elio

– $1bn in the Indian renewable platform Avaada Group

– $1bn for UK’ onshore wind firm Banks Renewables

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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