In a significant move towards expanding its green energy portfolio, Brookfield has taken a commanding stake in Leap Green Energy Private Limited, with legal guidance from Shardul Amarchand Mangaldas & Co. The transaction saw Brookfield committing over $200 million through new shares and share acquisitions from existing shareholders, with the potential for an additional $350 million in future investments.
Leap Green Energy is a key player in India’s renewable energy sector, focusing on the establishment, acquisition, and management of wind, solar, and hybrid power projects. This deal positions Brookfield to play a pivotal role in India’s sustainable energy growth, leveraging Leap Green’s extensive expertise in power generation and storage.
The legal orchestration of this acquisition was led by an extensive team from Shardul Amarchand Mangaldas & Co., including numerous partners, principal associates, and associates across various specialties such as due diligence, competition, regulation, ABAC (Anti-Bribery and Anti-Corruption), and insurance.
On the financial and tax fronts, Brookfield received advice from Ernst & Young, while Leap Green and its founders were counseled by AZB & Partners (Delhi) and PwC. The selling shareholders also relied on legal insights from AZB & Partners (Mumbai).
This strategic investment underscores Brookfield’s commitment to bolstering renewable energy capabilities and supporting sustainable initiatives in India.
