Canadian asset management firm Brookfield announced an equity investment of $550 million in Leap Green Energy, a renewables platform based in Tamil Nadu and focused on providing clean energy solutions to commercial and industrial (C&I) customers.

Out of the total amount, the firm has made upfront commitment of $200 million. Rest $350 million will be infused in the future to support the future growth of the business.

Brookfield has said it owns controlling stake in the company.

The investment will be made through a combination of subscription of new shares and acquisition of shares from current shareholders and incremental equity capital.

Brookfield shall work alongside the company’s existing shareholders to enhance the company’s capabilities and grow the platform to in excess of 3 giga watt (GW) over the next four to five years.