Shizen Energy, CDPQ to Invest $474 Mn in RE in Japan & Outside

• Following this deal, CDPQ has actually gotten a seat on the Board of Directors of Shizen Energy.
• Shizen Energy will develop a variety of renewable energy resources, including solar, agri-solar, onshore and overseas wind, small-scale hydroelectric as well as biomass power.

Shizen Energy, a renewable energy leader in Japan, and CDPQ, a Canada-based worldwide financial investment team, have announced a JPY 20-billion ($ 135 million) financial investment in Shizen Energy. The two companies have actually likewise accepted a co-investment framework, which will certainly include prospective financial investments of one more $339 million by CDPQ.

The official statement has actually held that the financial investment by CDPQ will allow Shizen Energy to accelerate its continuous renewable nuclear power plant development tasks, company improvement initiatives in energy digitalization, as well as human resources growth in key markets. Following this deal, CDPQ has actually gotten a seat on the Board of Directors of Shizen Energy.

In Japan, Shizen Energy will develop a variety of renewable resource resources, including solar, agri-solar, onshore as well as overseas wind, small-scale hydroelectric and also biomass power. In Shizen will conduct additional research and development of its exclusive energy monitoring systems to successfully use renewable energy. For the overseas projects, the business will accelerate on-site and off-site PPA in southeast Asia as well as Brazil as well as will intend to work on massive solar and also wind power generation projects in collaboration with leading local firms.

Emmanuel Jaclot, Executive VP, CDPQ, claimed, "This deal in Japan is a vital turning point in the implementation of CDPQ's long-term Asia-Pacific infrastructure strategy. Japan has a crucial function to play in the decarbonation of Asia, and also as an investor with deep experience in renewable resource, we are delighted to be working with the Shizen team to supply on their ambitious prepare for the energy change."

Shizen Energy's Founders and also Directors Ken Isono, Masaya Hasegawa, and also Kenji Kawado believed that Shizen has actually been striving to attain its function of 'We do something about it for heaven planet', as well as they feel that also better rate is required to solve international warming and also energy challenges. "Via our collaboration with CDPQ, we will accelerate our worldwide actions for the future of this Earth," they included.

With "We take action for the blue world" as its purpose, Shizen Energy stated that it will continue to tirelessly promote renewable resource to offer the requirements of regional areas and also strive to construct a sustainable society by using its competence in renewable power advancement, operations & upkeep as well as digital options in Japan as well as overseas.