The Caisse de dépôt et placement du Québec is investing a further US$75 million in Azure Power Global Ltd., an independent solar power developer in India. Once the deal is approved by Azure shareholders, the investment will raise the Caisse’s stake in the company, from 41.4 per cent to 49.4 per cent. In October 2018, […]
The Canada Pension Plan Investment Board has dramatically increased its investments in renewable energy companies, from $30 million in 2016 to $3 billion as of June 2019, according to its annual sustainable investing report. The substantial increase is part of the fund’s expanded climate change program. “We have a number of groups involved in efforts […]
The Canada Pension Plan Investment Board is acquiring renewable energy company Pattern Energy Group Inc. in an all-cash deal. The purchase of the San Francisco-based company is valued at $26.75 per share, which implies the company has a value of $6.1 billion, including all debt. The offer represents a 14.8 per cent premium to Pattern Energy’s closing share price […]
Rising with the growth of smartphones, lithium has been a hot material in the investment world for a few years. And many in the institutional investment space see exposure to lithium as a high-growth opportunity, according to Jay Jacobs, senior vice-president and head of research at Global X Funds. The metal has many uses in […]