Page 12 - AsiaElec Week 43 2022

AsiaElec RENEWABLES AsiaElec

Shizen Energy, CDPQ to accelerate

energy transition in Japan

JAPAN JAPANESE renewable energy company Shizen and off-site PPAs in Southeast Asia and Brazil
Energy and global investment group CDPQ and will aim to work on large-scale solar and
announced a JPY70bn ($474m) investment by wind power generation projects in partnership
CDPQ to accelerate the energy transition in with leading local companies.
Japan and key international markets. “This transaction in Japan is an important
This included a JPY20bn investment in milestone in the deployment of CDPQ’s long-
Shizen Energy. Shizen Energy and CDPQ also term Asia-Pacific infrastructure strategy,” said
agreed to a co-investment framework, which Emmanuel Jaclot, executive vice-president and
will involve potential investments of JPY50bn head of infrastructure at CDPQ. “Japan has
by CDPQ. Following this transaction, CDPQ a crucial role to play in the decarbonation of
obtained a seat on the board of directors of Asia, and as an investor with deep experience
Shizen Energy. in renewable energy, we are delighted to be
The investment will allow Shizen Energy to working with the Shizen team to deliver on their
accelerate its renewable power plant develop- ambitious plan for the energy transition.”
ment activities, business enhancement initia- Shizen Energy’s co-founders and directors
tives in energy digitalisation, and human capital Ken Isono, Masaya Hasegawa and Kenji Kawado
expansion in key markets. stated: “We are very honoured to form this part-
In Japan, Shizen Energy will continue to nership with CDPQ, which has been moving
develop various renewable energy sources, toward sustainable management for decades
including ground and roof-mounted solar and is currently investing in the realisation of a
power, agri-solar power, onshore and offshore decarbonised society from a long-term perspec-
wind power, small-scale hydroelectric power, tive. Shizen Energy has been striving to achieve
and biomass power. its purpose of ‘We take action for the blue planet’,
In addition, Shizen Energy will conduct fur- and we feel that even greater speed is required to
ther research and development of its proprietary resolve global warming and energy challenges.
energy management systems to effectively uti- Through our collaboration with CDPQ, we will
lise renewable energy. For its overseas projects, accelerate our global actions for the future of this
Shizen Energy will continue to accelerate on-site Earth.”™

P12 www. NEWSBASE .com Week 43 25•October•2022