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India: USD 150 million for renewable energy investments

Creation of CDPQ India, CDPQ’s new Delhi-based office and million-dollar-investment in the country

Caisse de dépôt et placement du Québec (CDPQ) announced the appointment of Anita Marangoly George as Managing Director, South Asia. Based in Delhi, Ms. George will head CDPQ India, with the objective of finding the best investment opportunities across all asset classes in South Asian markets. CDPQ has also announced its commitment to invest USD 150 million in renewable energy in India, a first for CDPQ in growth markets.

CDPQ announces the creation of CDPQ India, based in New Delhi

CDPQ, one of Canada's leading institutional fund managers with CAD 248 billion in net assets, announced the establishment of its Indian office in New Delhi.

CDPQ invests globally in major financial markets, private equity, infrastructure and real estate. In addition to its presence in South Asia through CDPQ India, CDPQ is present in Montréal, Québec city, New York, Washington, Mexico City, Paris, Singapore, Sydney and Beijing.

“We believe India stands out as an exceptional country to invest in, given the scope and quality of investments opportunities, the potential for strategic partnerships with leading Indian entrepreneurs, and the current government’s intention to pursue essential economic reforms,” said Michael Sabia, President and Chief Executive Officer of CDPQ.

Commitment of USD 150 million for renewable energy investments in India

Already a significant investor in renewable energy, CDPQ is one of the largest private investors in wind energy in North America, financing over 5,400 MW of wind power through its stake in Invenergy. CDPQ is also a major shareholder of London Array, the largest offshore wind farm in the world, generating 630 MW of wind energy.

CDPQ plans to commit USD 150 million to renewable energy investments in India. Over the next three to four years, CDPQ will use its commitment to target hydro, solar, wind and geothermal power assets, with investments likely to take the form of select partnerships with leading Indian renewable energy companies. 

Ms. George has been a pioneering supporter of financing renewable energy in growth markets and helped finance the first commercial solar project in India and several first renewable projects in growth markets around the world. She has also worked with the oil and gas industry towards setting a global standard for Zero Routine Gas Flaring by 2030, a World Bank initiative.


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