CDPQ, Shizen Energy Expand Renewable Energy Portfolio in Japan
Canadian pension fund CDPQ, in collaboration with Shizen Energy, is expanding its renewable energy portfolio in Japan. The CAD $460 million co-investment framework will explore additional solar projects, following CDPQ's acquisition of an 80% stake in a Japanese solar power plant.
CDPQ, managing CAD $434bn in net assets, has made its first joint investment with Shizen Energy in a solar plant. The Inuyama solar power plant, with a capacity of 31MW, can power approximately 7,850 homes. Emmanuel Jaclot, executive vice-president of CDPQ, highlighted Japan's significance in Asia's decarbonisation efforts. This partnership marks the beginning of more co-investment opportunities in the renewable energy sector.
CDPQ and Shizen Energy are committed to growing their renewable energy assets in Japan. Their CAD $460 million co-investment framework will focus on additional solar projects, building upon the successful acquisition of the Inuyama solar power plant.
