CDPQ increases its stake in Azure Power to 40% for $100 million

CDPQ increases its stake in Azure Power, a leading player in solar energy, to 40% for $100 million. This new investment in Azure Power brings the total amount invested by CDPQ to $240 million. “Through this investment, we are reaffirming our commitment to Azure Power and our willingness to support its growth. Azure Power is a leader in the fast-growing sector of solar power in India, a priority market for CDPQ, and has a high-quality management team that possesses thorough knowledge of the industry. Furthermore, this transaction fits perfectly with CDPQ’s desire to contribute, as an investor, to a global low-carbon economy" Emmanuel Jaclot, CDPQ Executive Vice-President Infrastructure