The Japan-based company has developed an accumulated capacity of 1 GW of renewable energy generation worldwide Shizen Energy received a $135 million investment from global investment group CDPQ. Both companies have also agreed on a co-investment framework with potential investments from CDPQ of US$339 million.
This investment will help Shizen Energy accelerate ongoing renewable power plant development, business optimization initiatives in energy digitization and human capital expansion.
Shizen Energy will continue to develop various renewable energy sources including ground and roof mounted solar, agricultural solar and more in the domestic market. It will also conduct further research and development on its proprietary energy management systems to effectively utilize renewable energy.
For overseas markets, the company will be committed to expansion by accelerating on-site and off-site PPAs in Southeast Asia and Brazil, and working closely with local companies on large-scale solar and wind power generation projects.
As an influential economy in the world, Japan is playing along a crucial role in the decarbonization process in Asia.
As an investor with extensive experience in the renewable energy space, we are excited to be working with the Shizen team to deliver on their ambitious energy transition plan.
—said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at CDPQ.
“Shizen Energy has strived to achieve its goal of ‘Taking Action for the Blue Planet’ and we believe that even greater speed is needed to solve global warming and energy challenges. Through our collaboration with CDPQ, we will accelerate our global action for the future of this planet,” said Ken Isono, Masaya Hasegawa and Kenji Kawado, co-founders and directors of Shizen Energy.
This investment in Japan is a significant milestone in CDPQ’s long-term infrastructure strategy in Asia Pacific. As of June 30, 2022, CDPQ’s net worth was approximately $286 billion.