Brookfield invests $200 mn in Leap Green Energy
5 months, 1 week ago

Brookfield invests $200 mn in Leap Green Energy

Live Mint  

Canadian asset management firm Brookfield on Thursday announced an equity investment of over $200 million in Tamil Nadu-based renewable energy company Leap Green Energy, with an option to infuse $350 million more in the future. Brookfield said in a statement that it recently entered into definitive strategic investment agreements with Leap Green Energy, pursuant to which it has acquired a majority controlling stake in the company. "Brookfield has provided an upfront commitment to make an equity investment of over $200 million in Leap Green, through a combination of subscription of new shares and acquisition of shares from current shareholders. Ltd. Brookfield Renewable acquired a controlling stake in rooftop solar power producer CleanMax Enviro Energy Solutions Pvt.

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History of this topic

Evren announces plan to invest $5 bn in Andhra Pradesh’s clean energy sector
4 months ago

Evren announces plan to invest $5 bn in Andhra Pradesh’s clean energy sector

New Indian Express  

VIJAYAWADA: Evren, a clean energy platform promoted by Brookfield and Axis Energy, has committed to invest $5 billion in Andhra Pradesh. Representatives of Brookfield and Axis met Chief Minister N Chandrababu Naidu and Energy Minister Gottipati Ravi Kumar on Tuesday night, following which the announcement to invest in the State was made. Highlighting that Andhra Pradesh offers ample opportunities for …

Brookfield-backed Evren to invest $5 billion in Andhra Pradesh
4 months ago

Brookfield-backed Evren to invest $5 billion in Andhra Pradesh

New Indian Express  

VIJAYAWADA: Evren, a clean energy platform promoted by Brookfield and Axis Energy, has committed to invest $5 billion in Andhra Pradesh. Representatives of Brookfield and Axis met Chief Minister N Chandrababu Naidu and energy minister Gottipati Ravi Kumar on Tuesday, following which the announcement to invest in the state was made. It plans to invest beyond renewables and is exploring …

Brookfield commits to 5 billion USD green energy investment in Andhra Pradesh
4 months ago

Brookfield commits to 5 billion USD green energy investment in Andhra Pradesh

New Indian Express  

VIJAYWADA: Evren, a Brookfield and Axis Energy-promoted Clean Energy Platform has committed to invest USD 5 billion in Andhra Pradesh. Speaking on this occasion, Energy Minister Gottipati Ravi Kumar stated that the Andhra Pradesh government is implementing investor-friendly policies to promote transparency and ease of doing business for investors and the public. Evren has investment plans beyond renewables and are …

Avaada Group raises $1.07 billion to fund green projects
1 year, 7 months ago

Avaada Group raises $1.07 billion to fund green projects

The Hindu  

Avaada Group said it had raised $1.07 billion to fund its green hydrogen and green ammonia ventures in India as a part of its ongoing $1.3-bn fund raise plan. Brookfield Renewable, through its Brookfield Global Transition Fund, will be investing up to $1 billion in Avaada Ventures Pvt. Vineet Mittal, chairperson and founder, Avaada Group said the group is building …

Avaada group raises $1.07 billion
1 year, 7 months ago

Avaada group raises $1.07 billion

Deccan Chronicle  

HYDERABAD: Avaada Group, which is into manufacturing solar cells, modules and electrolysers, renewable power generation, green hydrogen, and green ammonia production, announced that it has raised $ 1.07 billion to fund its green hydrogen and green ammonia ventures in India as a part of its ongoing $ 1.3bn fund raise plan. Global Power Synergy Public Company Limited will further invest …

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