Leap Green Energy to expand renewable power capacity to 2 GW by 2020


Leap Green Energy to expand renewable power capacity to 2 GW by 2020

Clean energy generation firm Leap Green Energy Thursday said it looks to increase its power capacity to 2 GW from existing operational 751 MW and also plans fund infusion of USD 300 million.

“Leap Green Energy Pvt Ltd (LGE), India’s leading renewable power generation company, plans to increase its power capacity through opportunistic acquisitions and setting up green field projects,” a statement said.

The company is expecting to have an installed capacity of above 2 GW by FY2020, it said. The company currently has an operational capacity of 751 MW of wind assets and 400 MW of under construction wind assets.

To meet capital requirements for expansion, the firm is planning a fund infusion to the tune of USD 300 million. The state electricity boards (SEBs) and various industrial and commercial corporate consumers form the prospective users of the produced power capacity, it added. Read More

Leave a Reply

Your email address will not be published.