After months of negotiations , Canadian pension fund CDPQ has acquired a 40 % stake in CLP plc for $ 368 m . Subject to regulatory approvals , the transaction will represent the largest private investment in the Indian renewables sector to date . Having recently lost out in the race to purchase Mumbai distribution business Reliance plc for over $ 2bn , CLP India said it would use the new funding to expand into areas of low - carbon growth and further investment opportunities in non - generation technologies such as transmission and distribution . The company currently generates more than 3 GW in India .
After months of negotiations, Canadian pension fund CDPQ has acquired a 40% stake in CLP India for $368m. Subject to regulatory approvals, the deal will represent the largest private investment in the Indian renewables sector to date. Having recently lost out in the race to purchase Mumbai distribution business Reliance Infrastructure for over $2bn, CLP India said it would use the new funding to expand into areas of low-carbon growth and further explore opportunities in non-generation businesses such as transmission and distribution. The company currently generates more than 3 GW in India.