India: Quebec Fund Manager to Invest in Geothermal and Other Renewables

Canadian pension fund commits $150 mn to renewables sector (livemint)

CDPQ says it plans to invest the amount over the next three to four years, targeting hydro, solar, wind and geothermal power assets

Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) on Wednesday said it has pledged an investment of US $150 million in the renewable energy sector in India, becoming the latest foreign investor to tap the growing Indian clean energy market.

CDPQ is Canada’s second largest pension fund manager with C$248 billion in net assets and invests globally in major financial markets, private equity, infrastructure and real estate. The fund opened its first office in the country in New Delhi on Wednesday.

The fund said it plans to invest the amount over the next three to four years, targeting hydro, solar, wind and geothermal power assets. It also intends to partner with selective Indian renewable energy companies, CDPQ said in a statement.

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