The Canada Pension Plan Investment Board is financing US$350 million of debt for a global education technology provider.

Valued at US$3.2 million, Mumbai-based Emeritus offers individuals, companies and governments access to remote learning classes. It has earmarked the funds for use by its mergers and acquisitions team, according to a press release. This isn’t the first time the CPPIB has backed the global education provider — in August, it participated in a US$650 million funding round.

“The investment in Emeritus demonstrates our continued commitment to support industry leaders in India, one of our key markets in Asia Pacific,” said Raymond Chan, managing director and head of Asia-Pacific credit at the CPPIB, in the release. “The investment is also aligned with our strategy of pursuing high-quality credit investments across Asia Pacific and delivering attractive risk-adjusted returns for our contributors and beneficiaries.”

Read: PSP investing in Italian real estate, CPPIB in education group

In other news, the British Columbia Investment Management Corp. is part of a consortium acquiring a French solar power infrastructure operator.

Alongside its partners, the BCI will acquire the Reden Group, better known as Reden Solar, from InfraVia Capital Partners and Eurazeo for an enterprise value of €2.5 billion ($350 million). Reden develops, finances, builds and operates solar power plants across Europe and Latin America.

According to Lincoln Webb, executive vice-president and global head of infrastructure and renewable resources at the BCI, the institutional investor was drawn to Reden’s strategic position as an established alternative energy provider. “In the context of stronger national climate policies and clean energy goals, we believe Reden Solar is well-positioned to continue providing market leadership in the development and operation of solar energy and contributing to global energy transition aspirations.”

Read: CPPIB invests in European student housing, OMERS buys solar power producer