Home Featured BRIEF-CPPIB Says Invests Additional $247 Million In Renew Power Ventures
BRIEF-CPPIB Says Invests Additional $247 Million In Renew Power Ventures

BRIEF-CPPIB Says Invests Additional $247 Million In Renew Power Ventures

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* CANADA PENSION PLAN INVESTMENT BOARD INVESTS ADDITIONAL $247 MILLION IN RENEW POWER VENTURES

* CPPIB SAYS ADDITIONAL INVESTMENT WILL SUPPORT RENEW POWER’S ACQUISITION OF OSTRO ENERGY Source text for Eikon: [Canada Pension Plan Investment Board (CPPIB) today announced that it has invested an additional US$247 million in ReNew Power Ventures Pvt. Ltd. (ReNew Power). Including the initial US$144 million investment in January 2018, CPPIB’s total investment in ReNew Power is now US$391 million. CPPIB’s additional investment will support ReNew Power’s acquisition of Ostro Energy Private Limited (Ostro Energy), an Indian renewable energy developer with total capacity of more than 1,100 megawatts. With the acquisition of Ostro Energy’s assets, ReNew Power’s capacity will increase to more than 5,600 megawatts. Founded in 2011, ReNew Power is one of India’s leading clean energy companies with capacity diversified across wind, utility-scale solar and rooftop solar power-producing assets across India.]

Source: Reuters

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Anand Gupta Editor - EQ Int'l Media Network