Shizen Energy Funding, Investors & Competitors

Shizen Energy has raised $514M across 2 funding rounds, most recently a $476M undisclosed-stage round in October 2022.

Last Shizen Energy funding round

$476M

Undisclosed stage · Oct 2022

Cumulative funding Shizen Energy raised

$514M

across 2 funding rounds

Key investors in Shizen Energy

  • La Caisse
  • JIC Venture Growth Investments
  • Sigmaxyz Holdings

Shizen Energy Overview

About Shizen Energy

Shizen Energy is a Tokyo-based company headquartered in Nihombashi-hamacho developing, planning, and coordinating photovoltaic and wind power stations.


Founded

2011

HQ

JapanFukuoka

Status

Privately held

Customer focus

B2B

Revenue model

Services

Shizen Energy Funding History

Shizen Energy has raised a total of $514M across 2 funding rounds.

Shizen Energy's first fundraising round was a $38M undisclosed-stage round in February 2022. The most recent completed round was a $476M undisclosed-stage round in October 2022.

Shizen Energy funding rounds

Shizen Energy funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2022Undisclosed stageLa Caisse (lead)$476MShizen Energy, a Tokyo-based renewable energy company founded in 2011, develops, finances, and manages renewable power plants including solar, wind, small hydro, and biomass in Japan, Southeast Asia, and Brazil. The company announced a JPY 20 billion (USD 135 million) investment from CDPQ (La Caisse) on October 24, 2022, plus a co-investment framework for up to JPY 50 billion (USD 339 million), totaling JPY 70 billion (USD 474 million) commitment to accelerate renewable plant development, energy digitalization, and team expansion. This marked CDPQ's entry as a strategic partner, securing a board seat and enabling joint projects like the later 80% stake acquisition in the 31 MW Inuyama solar plant in 2023. La Caisse (CDPQ), a global investment group managing CAD 391.6 billion in net assets as of June 2022, targeted this deal to support Japan's energy transition and decarbonization in Asia-Pacific. Shizen Energy, with over 1 GW of developed renewable capacity worldwide by late 2022, aims to expand ground/rooftop solar, agri-solar, onshore/offshore wind, hydro, biomass in Japan, and large-scale PPAs and projects abroad. The funding built on prior 2022 raises totaling JPY 74.4 billion including from JIC and SIGMAXYZ. Post-investment activities included co-investments within the framework, highlighting Shizen's 3 GW project pipeline in Japan for delivery over three to five years from 2023. The partnership emphasizes long-term sustainable growth amid global energy challenges.
Feb 2022Undisclosed stageJIC Venture Growth Investments; Sigmaxyz Holdings$38MShizen Energy, a Japanese renewable energy company, raised JPY 4.4 billion in February 2022 from JIC Venture Growth Investments (JIC VGI) and SIGMAXYZ Investment as part of its 2022 fundraising totaling JPY 74.4 billion, including later investments from CDPQ. The funds supported acceleration of renewable power plant development, energy digitalization initiatives, and human capital expansion in key markets. Shizen Energy develops various renewables including ground- and roof-mounted solar, agri-solar, onshore and offshore wind, small hydro, and biomass in Japan, while pursuing on-site and off-site PPAs in Southeast Asia and Brazil. The company had developed over 1 GW of renewable generation capacity worldwide by October 2022 and collaborated with SIGMAXYZ on energy tech business development and with local partners for large-scale solar and wind projects overseas. CDPQ's subsequent JPY 20 billion convertible bond investment and JPY 50 billion co-investment framework provided a board seat and further capital for global expansion toward decarbonization. Shizen Energy's purpose is 'We take action for the blue planet,' emphasizing sustainable energy transition. Earlier efforts included establishing the SHIZEN Fund in 2019 targeting JPY 8 billion for solar and wind projects in Japan and abroad, building on over 1 GW of prior renewable projects. JIC VGI supported growth-stage renewables, while SIGMAXYZ shared ambitions in autonomous distributed energy infrastructure from prior collaborations like in Obuse town, Nagano.

Who has invested in Shizen Energy?

3 investors have backed Shizen Energy across its funding rounds, including La Caisse, JIC Venture Growth Investments and Sigmaxyz Holdings.

Lead investors include La Caisse.


Shizen Energy Investors

Investors in Shizen Energy by funding rounds participated
InvestorHQRoundsRoleFirst check
JIC Venture Growth InvestmentsJapanTokyo1ParticipantFeb 2022

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Shizen Energy Competitors

Shizen Energy competitors include listed companies like Iberdrola, China Yangtze Power, Constellation Energy and Vistra, and private ones like Adani New Industries and Helion Energy.

Public and private companies comparable to Shizen Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IberdrolaSpainSpainPublicly listed$51B$17B$158B4.3x
China Yangtze PowerChinaChinaPublicly listed$13B$11B$104B11.3x
Constellation EnergyUnited StatesUnited StatesPublicly listed$26B$5B$93B3.8x
Adani New IndustriesIndiaAhmedabadPrivate--$50B-
VistraUnited StatesUnited StatesPublicly listed$18B$5B$48B3.3x
Helion EnergyUnited StatesSeattle, WAPrivate--$16B-

Shizen Energy Public Comps

Shizen Energy is still privately-owned, but its public comps include Aramco, ExxonMobil, Chevron, PetroChina, Shell, GE Vernova, TotalEnergies, NextEra Energy, ConocoPhillips and Iberdrola.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Aramco$446B$213B3.9x3.7x8.2x7.1x
ExxonMobil$324B$68B2.2x1.8x10.5x8.0x
Chevron$184B$41B2.4x2.0x10.8x7.2x
PetroChina$427B$70B0.8x0.7x4.7x4.4x
Shell$267B$55B1.2x1.0x5.8x4.5x
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
TotalEnergies$182B$38B1.3x1.2x6.3x5.0x
NextEra Energy$27B$16B10.5x9.6x17.9x16.2x

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Common questions about Shizen Energy

When was Shizen Energy founded?Shizen Energy was founded in 2011.
Where is Shizen Energy headquartered?Shizen Energy is headquartered in Fukuoka, Japan.
Is Shizen Energy publicly listed?No, Shizen Energy is a private, VC-backed company.
How much funding has Shizen Energy raised?Shizen Energy has raised $514M across 2 funding rounds.
What was Shizen Energy's last funding round?Shizen Energy's last funding round was a $476M undisclosed-stage round in October 2022, led by La Caisse.
Who are Shizen Energy's investors?Shizen Energy's investors include JIC Venture Growth Investments, La Caisse and Sigmaxyz Holdings.
Which companies are comparable to Shizen Energy?Companies comparable to Shizen Energy include Iberdrola, China Yangtze Power, Constellation Energy, Adani New Industries, Vistra and Helion Energy.

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