After acquiring majority stake in the company aimed at expanding renewable projects in Asiz-Pacific region and Japan, Stonepeak and Shizen Energy to Form Asian Onshore Wind Platform.
Investment in Renewable Energy
Stonepeak, an investment company specializing in infrastructure, has successfully acquired a majority stake in TerraWind Renewables. TerraWind is focused on expanding its projects across Japan and the Asia-Pacific region, with a strong emphasis on onshore wind power. Shizen Energy, a Japanese company focused on renewable power, maintains partial ownership and remains an essential player in the venture.
Stonepeak’s Role and Goals
With a strong strategy for global renewable energy, Stonepeak is highly confident in TerraWind’s potential for growth. They have a clear vision of improving the distribution of renewable energy. They also aim at expanding a solid foundation with numerous long-term contracts.
Shizen Energy’s Expanded Focus
Shizen Energy has a strong background in solar power, but its shift towards wind power showcases its ability to meet the evolving demands of its clients. This initiative aims to provide holistic solutions, including the development of onshore wind projects. Shizen is dedicated to solar power and has also ventured into wind energy. Their aim is to assist their customers in achieving a carbon-neutral footprint.
Companies at a Glance
Stonepeak
- A global investment authority with approximately USD 61.1 billion managed assets
- Sectors of interest: communications, energy transition, transport, logistics, real estate
- Global presence with headquarters in New York
Shizen Energy
- Founded in 2011 with a mission to act for the environment
- Operations span from solar, wind, hydroelectric, to biomass power plants
- Engaged in renewable energy projects exceeding 1GW internationally
Stonepeak and Shizen Energy to Form Asian Onshore Wind Platform to forge ahead with plans to harness wind power across Asia. This will reinforce their position in the move toward sustainable energy solutions.
TerraWind Renewables
This company has a strong foundation, with 30MW already in the later stages of development in Japan. It plans to expand to over 300MW in the Asia-Pacific region. TerraWind is well-positioned to meet the growing demand for renewable sources in Asia. This way they are leveraging their extensive project portfolio and expertise in wind energy development.
Source: Stonepeak and Shizen Energy Asian Onshore Wind Platform
