CDPQ has made a JPY 20 billion ($137 million) investment in Shizen Energy, a renewable-energy leader in Japan, to help the company accelerate its ongoing renewable power plant-development activities, business-enhancement initiatives in energy digitalization and human-capital expansion in key markets.
Shizen Energy and CDPQ also have agreed to a co-investment framework that will involve potential investments of JPY 50 billion ($343 million) by CDPQ.
In Japan, Shizen Energy will continue to develop a variety of renewable-energy sources, including ground and roof-mounted solar power, agri-solar power, onshore and offshore wind power, small-scale hydroelectric power, and biomass power. In addition, Shizen Energy will conduct further research and development of its proprietary energy-management systems to effectively utilize renewable energy. For its overseas projects, Shizen Energy will continue to accelerate on-site and off-site power-purchase agreements in Southeast Asia