Canada’s CDPQ invests $135m in Japanese renewables group Shizen Energy

Canada’s CDPQ invests $135m in Japanese renewables group Shizen Energy

Photo by Andres Siimon on Unsplash

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.

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