Leap Green Energy to Reach 2GW Capacity by 2020

The state electricity boards and various industrial and commercial corporate consumers are the prospective buyers of the Leap Green Energy power.

Renewable energy developer, Leap Green Energy states plans upgrading its energy generation capacity to 2 GW power from existing 751 MW along with fund injection of USD 300 million.

“Leap Green Energy (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.

Moreover, the company deals basically with the wind power generation in which 700 MW is already commissioned and 400 MW is under construction.

Further, the state electricity boards (SEBs) and various industrial and commercial corporate consumers are the prospective buyers of the produced power capacity, the statement mentions.

Founder and MD, Leap Green Energy, Rajeev Karthikeyan said, “Going forward, wind energy will be our main focus area with a few ventures into solar and hybrid energy as well. We have been very fortunate to be associated with the state of Tamil Nadu and are forecasting wind energy for the entire state with our new technology. Wind Energy has a great potential in India and we are glad to be part of its growth journey in India and across the world.”

Meanwhile, the institutional demand for wind energy is growing and applicable across functions including malls and shopping centers, hospitals and banks among others.

Source: PTI