Singapore’s Blueleaf launches in India with the acquisition of commercial solar developer Vibrant Energy

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Singapore-headquartered Blueleaf Energy Asia (Blueleaf Energy) has acquired a majority stake in Hyderabad-based commercial and industrial solar developer Vibrant Energy Holdings (Vibrant Energy) from ATN International.

As a subsidiary of NASDAQ-listed ATN International, a US-based international telecom and renewable energy operating company, Vibrant Energy develops renewable energy projects in India and South East Asia. Currently, it has 66 MW of operational solar PV projects, and an active development pipeline of over 400 MW across India.

Blueleaf Energy, owned by Australian investment bank Macquarie’s Green Investment Group (GIG), specializes in the development, finance, construction and operation of both C&I rooftop and utility-scale solar systems across the Asia Pacific region. Over its 20-year history, Blueleaf Energy has developed, built and operated almost 2 GW of solar capacity, including over 500 MW in the Asia Pacific region.

This acquisition combines Blueleaf Energy’s global customer base and technical expertise with Vibrant Energy’s deep local knowledge and robust project pipeline. It also marks Blueleaf Energy’s entry into India’s fast-growing C&I solar market.

Mark Dooley, Global Head of Macquarie’s Green Investment Group (GIG), said: “Energy systems around the world are being reshaped as an increasing number of corporates take sustainability into their own hands. It’s no different in India, and I’m delighted to see Blueleaf Energy expanding into this dynamic market. Through our platforms and partnerships, GIG now has a global solar development pipeline of over 20 GW, helping corporates across 12 countries accelerate their green transition.”

 

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