- This first direct infrastructure investment in Japan by world investment group CDPQ will enable Shizen Energy to develop in Japan and in key international markets.
- With this announcement, Shizen Energy’s fundraising initiatives whole over JPY 74.4 billion (USD 502 million) this 12 months.
TOKYO and MONTRÉAL, Oct. 24, 2022 /PRNewswire/ — Shizen Energy Inc. (Shizen Energy), a renewable energy chief in Japan, and CDPQ, a worldwide investment group, are happy to announce a JPY 20-billion (USD 135-million) investment in Shizen Energy. Shizen Energy and CDPQ have additionally agreed to a co-investment framework, which can contain potential investments of JPY 50 billion (USD 339 million) by CDPQ.
This investment by CDPQ will enable Shizen Energy to accelerate its ongoing renewable energy plant growth actions, business enhancement initiatives in energy digitalization, and human capital enlargement in key markets. Following this transaction, CDPQ has obtained a seat on the Board of Directors of Shizen Energy.
In Japan, Shizen Energy will proceed to develop a wide range of renewable energy sources, together with floor and roof-mounted solar energy, agri-solar energy, onshore and offshore wind energy, small-scale hydroelectric energy, and biomass energy. In addition, Shizen Energy will conduct additional analysis and growth of its proprietary energy administration techniques to successfully make the most of renewable energy. For its abroad initiatives, Shizen Energy will proceed to accelerate on-site and off-site PPA in southeast Asia and Brazil and will purpose to work on large-scale photo voltaic and wind energy era initiatives in partnership with main native corporations.
Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at CDPQ, mentioned: “This transaction in Japan is an important milestone in the deployment of CDPQ’s long-term Asia-Pacific infrastructure strategy. Japan has a crucial role to play in the decarbonation of Asia, and as an investor with deep experience in renewable energy, we are delighted to be working with the Shizen team to deliver on their ambitious plan for the energy transition.”
Shizen Energy’s Co-founders and Directors Ken Isono, Masaya Hasegawa, and Kenji Kawado said: “We are very honoured to form this partnership with CDPQ, which has been moving toward sustainable management for decades and is currently investing in the realization of a decarbonized society from a long-term perspective. Shizen Energy has been striving to achieve its purpose of ‘We take action for the blue planet’, and we feel that even greater speed is required to resolve global warming and energy challenges. Through our collaboration with CDPQ, we will accelerate our global actions for the future of this Earth.”
With “We take action for the blue planet” as its function, Shizen Energy will proceed to tirelessly promote renewable energy to serve the wants of native communities and attempt to construct a sustainable society by utilizing its experience in renewable energy growth, operations & upkeep and digital options in Japan and abroad.
Founded in June 2011. With the firm function of “We take action for the blue planet”, the firm’s business consists of growth, financing, and asset administration of renewable energy energy vegetation utilizing solar energy, wind energy, small-scale hydroelectric energy, and biomass. Since 2016, the firm has additionally been specializing in its abroad operations, increasing its growth and energy era initiatives in areas similar to Southeast Asia and Brazil. In 2019, the firm additionally entered the energy tech business, providing micro-grid and VPP building, good charging and discharging providers for EVs, and different providers via its self-developed EMS (energy administration system). Shizen Energy Group has been concerned in greater than 1 GW of renewable energy era in Japan and abroad.
URL: www.shizenenergy.web/en/
At CDPQ, we make investments constructively to generate sustainable returns over the long run. As a worldwide investment group managing funds for public pension and insurance plans, we work alongside our companions to construct enterprises that drive efficiency and progress. We are energetic in the main monetary markets, non-public fairness, infrastructure, actual property and non-public debt. As at June 30, 2022, CDPQ’s web belongings totalled CAD 391.6 billion. For extra data, go to cdpq.com, observe us on Twitter or seek the advice of our Facebook or LinkedIn pages.
CDPQ is a registered trademark owned by Caisse de dépôt et placement du Québec and licensed to be used by its subsidiaries.
Shizen Energy Public Relations Department, [email protected]; Conrad Harrington, Senior Director – International Media Relations, CDPQ, + 1 514 847-5493, [email protected]
