CDPQ Invests in Japanese Solar Plant, Eyes More Renewable Deals
CDPQ, a major Canadian pension fund, has invested in a Japanese solar power plant as part of a CAD $460m co-investment framework with Shizen Energy. The deal sees CDPQ acquire an 80% stake in the Inuyama solar power plant, with both parties expressing enthusiasm for further collaboration.
The Inuyama solar power plant, with a capacity of 31MW, can provide electricity to approximately 7,850 homes. CDPQ, managing CAD $434bn in net assets, has partnered with Shizen Energy, a Japanese renewable energy company, for this investment. The partnership, named 'Shizen Energy Solar Partnership', is part of a CAD $460m co-investment framework.
CDPQ's executive vice-president Emmanuel Jaclot praised Japan's role in Asia's decarbonisation and expressed delight in working with Shizen Energy. Both parties are exploring additional co-investment opportunities under their existing agreement.
CDPQ's investment in the Inuyama solar power plant, in partnership with Shizen Energy, demonstrates a commitment to renewable energy and collaboration in Asia's decarbonisation efforts. The partnership is set to explore further opportunities within their CAD $460m framework.
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