Leap Green Energy to raise $250 m for capacity expansion.

As renewable energy developer Leap Green Energy is planning to treble its capacity from current 1.1 GW to 3 GW by 2020, the company has announced fund raising plans of around $250 million.

The developer has appointed Barclays Bank PLC as its financial advisor. the company said in a statement. Leap Green Energy currently has around 750 MW of operational wind assets and projects under construction with cumulative capacity of 400 MW. The expansion strategy includes both greenfield projects and brownfield opportunities, the company said. Apart from opportunities in power generation, Leap Green Energy will also pursue opportunities in energy storage, repowering, offshore wind energy harnessing among others, it added.

HBL