Funding and M&A Roundup: CDPQ Invests $135 Million in Renewables Developer Shizen Energy

EV Charging company Fastned raises $74 million

October 26, 2022

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From: Mercom Capital Group

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.

Fastned, an electric vehicle (EV) Charging company, secured a €75 million (~$74 million) long-term strategic investment from Schroders Capital. Based in Amsterdam, Fastned has been developing fast-charging infrastructure for EVs across Europe since 2012. The company has built 215 fast charging stations in the Netherlands, Germany, UK, Belgium, France, and Switzerland and aims to expand its charging station portfolio to 1,000 stations by 2030.

Anthro Energy, an advanced battery technology company, closed an oversubscribed $7.2 million seed funding round. Union Square Ventures and Energy Revolution Ventures co-led the round, with participation from Voyager Ventures, Emerson Collective, Nor’Easter Ventures, Ultratech Capital Partners, and the Stanford President’s Venture Fund.

Green Bidco, the controlling company of Falck Renewables, a developer, owner, and operator of renewable energy plants in Europe and the U.S., received €100 million (~$98 million) in debt from Macquarie Asset Management. Falck Renewables was taken over by GreenBidco, earlier this year and was delisted from the Italian stock exchange.

Indian EV financing platform for individuals Revfin has closed a Series A funding round of $10 million in a combination of equity and debt. The funding round was led by Green Frontier Capital, a venture capital fund focusing specifically on climate investments, with participation from existing investors.

Wafra, a global alternative asset manager, acquired a controlling interest in Mission Clean Energy (Mission), a utility-scale renewable asset developer. Alongside Wafra, Aggregate Power Infrastructure, a clean infrastructure investor, will invest in Mission. Mission has aggregated a 3 GW project development pipeline with a diverse geographical presence across North America and focused on solar and battery storage projects.

For reports and trackers on funding and M&A transactions in solar, energy storage, smart grid, and efficiency sectors, click here.

Read last week’s funding roundup.

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