Mahindra Group has entered into a partnership with Ontario Teachers’ Pension Plan Board to capitalize on renewables in India. Ontario Teachers’ will acquire a 30% stake in Mahindra Susten Pvt Ltd for INR 2,371 crore, and both companies will explore the sale of an additional 9.99% in Mahindra Susten. They will also establish an Infrastructure Investment Trust (InvIT) comprising renewable power assets of Mahindra Susten with an operational capacity of 1.54 GWp. The transaction aims to build a renewable energy business focused on solar, hybrid energy, integrated energy storage, and round-the-clock green energy plants.
Mahindra Group Partners with Ontario Teachers’ Pension Plan for Renewable Energy Investment
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