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

updated on 24 May 2024
Brookfield-Pursues-~$8bn-Capital-Deployment,-Looks-to-Acquire-Majority-Stake-in-Indian-Renewables-Firm-Leap-Green-Energy-(1)-t2zbq

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.

๐Ÿ”‹ Portfolio Highlights:

โ€“ 750 MW operational capacity

โ€“ Includes utility-scale solar, onshore wind, and hydro projects

โ€“ Target: 7 GW installed capacity by 2029

๐Ÿš€ Brookfield targets $7bn-$8bn deployment by 2028:

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

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

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

๐Ÿ“„ Recent Major Deals:

โ€“ $2.8bn for renewables business of USโ€™ Duke Energy

โ€“ $1.5bn for a 50% stake in Spanish firm X-Elio

โ€“ $1bn in the Indian renewable platform Avaada Group

โ€“ $1bn for UKโ€™ onshore wind firm Banks Renewables

The above analysis is proprietary to Enerdaticsโ€™ 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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