CDPQ increases its stake in Azure Power
Azure Power Global Limited, a leading independent solar power developer in India, announced that Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, acquired an additional 717,701 shares from a shareholder of AZRE.
The transaction represents roughly CAD9.62 million (US$7.04 million) of investment.
After acquiring the additional shares, CDPQ is the direct owner of 24,259,272 shares of AZRE, which represent 50.9% of the outstanding shares of Azure Power Global Limited.
Country updates
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March 19, 2020
Tender for 5 GW of renewable energy projects launched in India
Solar Energy Corporation of India (SECI) has issued the Request for Selection (RfS) for Supply of 5 GW Round-the-Clock (RTC) Grid-Connected Renewable Energy (RE) Power Projects, complemented with Coal...
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March 19, 2020
SECI launched tender for 34 MW solar project in Telangana
The Solar Energy Corporation of India Limited (SECI) has launched a tender for the design, construction, testing, commissioning, and operation and maintenance of a 34 MW solar photovoltaic plant...
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March 13, 2020
ACME Cleantech Solutions signs deal with Actis Capital for 600 MW solar projects sale
ACME Cleantech Solutions has signed an agreement with Actis Capital for the sale of solar photovoltaic projects in India with a combined capacity of 600 MW. The deal represents about INR30...
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March 12, 2020
Belectric commissions 250 MW solar project in Karnataka
The subsidiary of Belectric Solar & Battery GmbH, Belectric Photovoltaic India Pvt Ltd, has commissioned the 250 MW solar photovoltaic plant in Karnataka on behalf of the Finnish ut...
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March 10, 2020
Sterlite achieves financial close for the Lakadia Vadodara Transmission Project in Gujarat
Sterlite Power has achieved financial closure for its Lakadia Vadodara Transmission Project Ltd (LVTPL). The project is part of India’s Green Energy Corridor (GEC) and will enable the country&r...
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