Blueleaf Entry Into The Indian C&I Market

In Clean News, News, Renewable Energy
Blueleaf energy

Blue Leaf Energy Asia Pte Limited (Blueleaf Energy) has acquired a majority stake in Vibrant Energy Holdings Pte Ltd (Vibrant Energy). They have been leading the transition of C&I customers to a more sustainable, resilient, and low-cost energy future.

The Vibrant Energy platform has been delivering on this mission through its extensive project portfolio, which currently contains 66 MW of operational solar PV projects, and an active development pipeline of over 400 MW across India.

Blueleaf Energy is a portfolio company owned by Macquarie’s Green Investment Group (GIG), operating on a standalone basis.

This acquisition marks Blueleaf Energy’s entry into the Indian market, which is now the 3rd largest solar market in the world, and uniquely positions Vibrant Energy to become an innovative C&I platform in India by cross-leveraging the expertise of Blueleaf and ATN.

Vibrant Energy has significant in-house capabilities to not only originate, develop, execute, and manage utility plants at scale, but to also adapt in a fast-changing C&I market.

From its current base of circa 35 GW, India is targeting the installation of 100 GW of solar capacity by 2022, and 300 GW by 2030. The country’s fast-growing solar C&I market will be a major contributor to this.

This is a Businesswire Feed; edited by Clean-Future Team

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