CPPIB to acquire stake in India's ReNew Power for $144 mln
Canada Pension Plan Investment Board (CPPIB) has agreed to acquire a 6.3 percent stake in ReNew Power Ventures Pvt Ltd, an Indian renewable energy developer and operator. The interest is being bought by CPPIB from Asian Development Bank for US$144 million. Founded in 2011 and based in Gurgaon, ReNew Power has capacity diversified across wind, utility-scale solar and rooftop solar power-producing assets. As of September 2017, CPPIB had $6.1 billion invested in India.
22 January 2018•3 mins read
