Alternative investment firm Stonepeak has partnered with Japanese renewable energy company Shizen Energy to invest in TerraWind Renewables, an onshore wind energy platform. As a result of this transaction, Stonepeak has acquired an 80% interest in TerraWind, while Shizen Energy retains the remaining 20%. The aim of this collaboration is to develop onshore wind power projects, mainly in Japan, with a view to meeting the country’s 2030 targets, and in the Asia-Pacific region. Shizen Energy, founded in 2011, engages in the development, financing and management of renewable energy power plants, with a focus on wind power for nearly a decade.
TerraWind Wind Turbine Platform
TerraWind currently has 30 MW of assets in advanced development in Japan, and plans a pipeline of over 300 MW across Asia-Pacific. This initiative responds to the growing demand for renewable and reliable energy in the region. Stonepeak’s Ryan Chua emphasizes the importance of strategically expanding Shizen Energy’s wind portfolio to meet this demand. The collaboration between Stonepeak and Shizen Energy aims to maximize TerraWind’s potential as a key supplier of onshore wind energy.
Shizen Energy’s commitment to wind power
Oliver Senter of Shizen Energy highlights the new collaboration with Stonepeak, which builds on an existing relationship via Synera Renewable Energy, a Taiwanese offshore wind energy developer. Despite a strong commitment to solar PV, Shizen recognizes the need to diversify energy solutions for its customers. This partnership with Stonepeak for the development of new onshore wind projects is seen as an opportunity to deliver attractive projects for corporate PPA customers in Asia.
Stonepeak, with approximately $61.1 billion in assets under management, and Shizen Energy, which has contributed over 1 GW of renewable energy generation worldwide, share a common goal of promoting sustainability. This strategic partnership is designed to deliver 100% carbon-free energy, by optimizing facilities through energy management and automation solutions. The collaboration is seen as a step forward in the transition from fossil fuels to more sustainable energy sources, supporting the Asia-Pacific region’s decarbonization ambition.