The Ontario Teachers’ Pension Plan is co-sponsoring a new India-based infrastructure investment trust holding assets in the renewable energy space.
The new fund raised US$165 million as part of an initial units offer and made its debut on the National Stock Exchange of India Ltd. this week.
“This milestone not only reinforces our commitment to invest globally in green and transition assets but also demonstrates the attractiveness of renewable energy investment opportunities in India,” said Deb Hajara, managing director of infrastructure and natural resources at Ontario Teachers’, in a press release.
Read: Ontario Teachers’ making key appointments to executive team
In other news, the OPSEU Pension Trust is evaluating a sale of its 40 per cent stake in Spain-based transport infrastructure company Globalvia, according to a report from Bloomberg.
The OPTrust is working with an undisclosed adviser to gain interest from potential buyers and the company could be valued at US$3.3 billion in a transaction, said the report, which noted no final decision has been made regarding the sale and the OPTrust may retain its current stake.
Read: OPTrust aiming to cut 30% of carbon footprint from portfolio by 2030