Announced
Financials
Sources
Tags
renewable energy assets
Private Equity
India
Cross Border
Friendly
Majority
Disposal
Acquisition
Single Bidder
Renewable Energy Equipment
Pending
Private
Synopsis
Canada Pension Plan Investment Board agreed to acquire an 80% stake in SB Energy, SoftBank's Indian joint venture platform, for $525m. According to media reports, SB Energy has been struggling to raise capital to execute solar and wind energy projects that it had secured in competitive auctions. The last major project that the company had secured was 600MW in a 2 gigawatt auction conducted by NHPC earlier this year.
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