CPPIB to acquire an 80% stake in SB Energy from SoftBank for $525m.

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.