Ontario Teachers joins Canadian pension funds’ quest for Indian green energy investments

NEW DELHI: Ontario Teachers’ Pension Plan (Ontario Teachers), one of Canada’s largest single-profession pension plans, is actively scouting for investment opportunities in India’s green energy and airport space, said two people aware of the development.

This marks the pension fund joining marquee names such as Canada Pension Plan Investment Board (CPPIB), Caisse de dépôt et placement du Québec (CDPQ), Public Sector Pension Investment Board and Ontario Municipal Employees’ Retirement System (OMERS) in investing in India’s clean energy economy as the sector has emerged as a global investment hot-spot.

Earlier this month, Ontario Teachers along with AustralianSuper, Australia’s largest superannuation and pension fund, made a $2 billion commitment in National Investment and Infrastructure Fund Ltd (NIIF) These include commitments of $250 million each into NIIF’s master fund, and co-investment rights of up to $750 million each in future opportunities alongside the master fund.