The Canada Pension Plan Investment Board has increased its ownership stake in U.K.-based Octopus Energy Group through an additional C$511-million (£300 million) investment.

The move is expected to have wide-ranging commercial real estate investment implications in numerous countries. In a news release, CPPIB said it made the investment while co-leading a funding round.

London-based Octopus said in a separate news release that it raised a total of US$800 million (£625m). Other investors include Australian, Japanese and British giants Origin Energy, Tokyo Gas and Generation Investment Management.

Toronto-based CPPIB said its investment will support Octopus’ continued global growth, primarily through the deployment of the firm’s Kraken technology platform, and the furthering of renewable energy, heat pump and electric-vehicle offerings.

The EV offerings include a 400,000-public-charging-station network across the U.K. and Europe in partnership with French automaker Peugeot. Octopus also owns an EV leasing firm, among other assets that include wind and solar farms in 16 countries.

Bill Rogers, CPPIB’s head of sustainable energies, said the investment will deliver attractive long-term, risk-adjusted returns.