Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest pension fund, has made a $135-million investment in Shizen Energy to boost the Japanese energy group’s growth in the country and key international markets.
In a statement, CDPQ and Shizen Energy said they have also agreed to a co-investment framework that will see the Canadian pension fund investing up to $339 million. The deal marks CDPQ’s first direct infrastructure investment in Japan.
