Global investment management organisation Canada Pension Plan Investment Board (CPPIB) is acquiring a 6.3% stake in Indian renewables developer ReNew Power Ventures from the Asian Development Bank (ADB) for US$144 million.
Founded in 2011, ReNew Power is a leading Indian renewable energy developer and operator, which is also backed by Goldman Sachs.
Scott Lawrence, managing director, Head of Fundamental Equities, CPPIB, said: “This transaction aligns well with our overall power and renewables strategy, further diversifying the CPP Fund. India’s overall power industry continues to grow and we see solar and wind as attractive clean energy sources to meet the country’s growing demand for electricity. We look forward to a long-term partnership with ReNew Power’s excellent management team which has a proven track record as a reliable, experienced developer and operator with an impressive portfolio built up over the past six years.”
Sumant Sinha, chairman and CEO of ReNew Power, said: “We are committed to transform our country’s energy portfolio and CPPIB’s investment in the company will further strengthen our resolve. Asian Development Bank made an equity investment in ReNew Power during our early days in July 2014 and we are thankful to them for their sustained partnership. We will continue to focus on developing and investing in high-quality projects.”
Input your address to see if it is solar friendly and how much you can save with solar.
Great. Your address is perfect for solar. Solar incentive is still available. Select monthly utility cost and calculate the size of solar system you will need now.
| kw System size | years Payback period | Lifetime savings |
No money down, 100% finance is available.
|
You design, we deliver. Enjoy solar! Get Started |
CompanyAbout Solar QC Contact us Career Promotion Program |
About SolarSolar Beginner 101 Solar QC Blog News Feed FAQ |
How It WorksEasy Step 1234 2 Min Design DIY Price Checker Design DIY |
Installer Sign UpSign up to receive more high quality fresh leads. Sign up now |
|
Go Solar with Solar QC. There’s no need to shop around since Solar QC directs manufacturers to our customers with the best prices in solar industry.
|
Solar InstallerInstaller Review Join Us Finance |
ProductPanel Inverter Racking BOS |
World Class BrandCanadian Solar Solar Edge Dual Rack |
Installer APP DownloadIOS Ipad Android |
Term & Condition• Privacy Policy• Site Map• COPYRIGHT © SOLAR QC 2016 - 2024 TEL:(818) 254-8209
Welcome to the Solar QC Website. This site equips homeowners with information regarding the most effective solar products and provides access to expert solar installers and manufacturers. The information listed in the Terms & Conditions provides a list of the services provided by solarqcgroup.com with specific user obligations in reference to content, conduct, company disclaimers, copyright, and privacy. The Terms & Conditions described are designed to protect the users and solarqcgroup.com. By accessing this website, the user automatically agrees with the content of the Terms & Conditions.
A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
Comments