Funding and M&A Roundup: CDPQ Invests $135 Million in Renewables Developer Shizen Energy
EV Charging company Fastned raises $74 million
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Shizen Energy, a renewable energy project developer, received ¥20 billion (~$135 million) investment from CDPQ, a global investment group. Shizen Energy and CDPQ have also agreed to a co-investment framework, which will involve potential investments of ¥50 billion (~$339 million) by CDPQ. This investment by CDPQ will allow Shizen Energy to accelerate its ongoing renewable power plant development activities, business enhancement initiatives in energy digitalization, and human capital expansion in key markets.
