Andrew Vitelli
The Canadian pension has bought a 6.3% share in ReNew Power, and further investment in the company is expected. Last autumn, in a filing with the Competition Commission of India, CPPIB reported that it plans to buy a 16.3% stake in ReNew Power through investments of up to $350m.
The move comes as the firm closes its $5bn acquisition of Equis Energy alongside PSP Investments and China Investment Corporation.
At a conference held by the World Bank Group Thursday, officials discussed the challenge of tapping the $2trn market for Shariah-compliant finance to boost infra.
Michael Huerta, an Obama appointee whose five-year term ended this month, has been appointed as a senior advisor.
The firm’s 2018 outlook warns that competition for investments has driven down returns and made brownfield projects less attractive.
Kelling Group, which owns and leases equipment for rail, road and telecom maintenance, ‘benefits from capital expenditure across all critical infrastructure sectors’.
Advances in battery technology stand to boost renewables, while posing challenges for traditional power and gas-fired generators, according to the rating agency’s latest report.
Peter Wright and Rinku Bhadoria have joined the Cleveland-based law firm as partners.
James Rubin, who worked in private equity before joining New York State government, has been appointed to the new position.
An RFI for highway widening schemes on I-495 and I-270, worth a combined $7.6bn, received 27 responses.