Leap Green Energy Is Looking For Major Expansion

In Clean News, News, Renewable Energy

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.

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 $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.

The company intends this robust expansion encouraged by growing demand. Their reported revenue was Rs 525 crore generated in the FY 2017-18 alone.

Currently, LGE operates in Madhya Pradesh, Rajasthan, Tamil Nadu, Maharashtra and Gujarat with plans to enter more states immediately.

 

 

Reference- Money-Control, ET

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