CPPIB looks at SB Energy solar power assets InvIT
Canada Pension Plan Investment Board (CPPIB), which is close to taking a controlling stake in SB Energy Holdings, is exploring the possibility of bringing these solar assets under an infrastructure investment trust (InvIT), said two people aware of the development.
InvITs are trusts that manage income-generating infra assets, typically offering investors a regular yield and a liquid method of investing in such projects. They can be either publicly listed on stock exchanges or privately placed to a few investors.
CPPIB’s plan comes against the backdrop of its partnership with Piramal Enterprises Ltd to co-sponsor a green energy-focused InvIT in India.
