Caisse de dépôt et placement du Québec increased its interest in Azure Power Global Limited, a New Delhi, India-based solar power producer, to 40 percent for a total commitment of $240 million.
Emmanuel Jaclot, executive vice president, infrastructure, at the Caisse, said the additional investment reflects the pension system’s view of India’s solar power sector as a priority market.
Azure Power is one of India’s largest independent solar power producer with a pan-Indian portfolio of more than 3 gigawatts spread across 23 Indian states. It has developed, constructed and operated solar projects of varying sizes, from utility scale, rooftop, to mini & micro grids, since its inception in 2008.
“CDPQ’s new investment enables our continued organic growth of highest quality solar power assets and our contribution toward the realization of the Indian Prime Minister’s commitment towards clean and green energy,” said Inderpreet Wadhwa, founder, chairman and Chief Executive Officer at Azure Power.
Last updated: December 26th, 2025
