CPPIB’s investment in ReNew Power Ventures will further strengthen the firm’s resolve to transform India’s energy sector, said CEO Sumant Sinha. Photo: Pradeep Gaur/MintMumbai: Canada Pension Plan Investment Board (CPPIB) on Monday said it is acquiring a 6.3% stake in ReNew Power Ventures Pvt. ReNew Power is a renewable energy developer and operator with clean energy capacity across wind and solar power producing assets. In February 2017, Japan’s JERA Co. Inc. bought a 10% stake in ReNew Power, valuing the company at $2 billion. We will continue to focus on developing and investing in high-quality projects,” said Sinha, chairman and chief executive officer of ReNew Power.

Source: Mint January 22, 2018 15:15 UTC