OTHERS

Leap Green to raise up to $500 million

It might take a decision about going public soon

Coimbatore-based Leap Green Energy, an independent power producer, plans to raise up to $500 million equity from sovereign funds, said an official.

“We are planning to raise between $300 million and $500 million over the next six months to meet the fund requirements of our expansion plans,” said Rajiv Karthikeyan, founder and MD, Leap Green Energy Pvt. Ltd.

The firm is primarily into energy production through onshore windmills. Setting up offshore projects is also on the cards, he said.

“Today, we have an installed capacity of 760 MW and are planning to increase it to 5 GW by 2022-23. Going forward, we might get into solar and hybrid. Even then, wind energy would be our main focus,” he said.

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