CPPIB invests $247 mln in ReNew Power's buy of Ostro
ReNew Power Ventures Pvt Ltd has acquired Ostro Energy Private Ltd, a New Delhi-based wind energy business. No financial terms were disclosed. The deal was supported with financing of US$247 million from Canada Pension Plan Investment Board, which initially invested in ReNew Power in January. CPPIB’s combined investment now stands at US$391 million. ReNew Power, a Gurgaon, India-based renewable energy developer and operator, said the acquisition, its largest to date, increases the capacity of the company's assets to more than 5600 megawatts.
2 April 2018•3 mins read
