Global pension funds warm to India's solar power ambitions: Reuters
Some of the world's biggest pension funds, seeking long-term returns on green investments, are scouting for deals in India's solar power sector, where Prime Minister Narendra Modi is targeting US$100 billion in investment in the next five years, Reuters reported. India estimates peak electricity demand will more than quadruple in the next two decades to 690 gigawatt, which would require rapid growth in generation and transmission capacity. That potential, helped by cheaper solar material costs and government efforts to curb pollution, is drawing global investors, including Canada's top pension fund managers: Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec and Ontario Teacher's Pension Plan.
1 May 2017•4 mins read
