Caisse de dépôt et placement du Québec (CDPQ) has agreed to pay 26.4bn rupees ($368m) for a 40% stake in CLP India – one of the country’s largest wind power operators – in a deal that continues the Canadian pension fund’s global push into renewables.

CDPQ’s “strategic investment” will help CLP India expand its own investments in renewables and other low-carbon sectors, said Chinese parent group CLP Holdings, which announced the agreement to the Hong Kong Stock Exchange.