Canadian Solar Infrastructure Fund to be listed on Tokyo Stock Exchange
Canadian Solar Inc. has announced that Canadian Solar Infrastructure Fund, Inc. has obtained approval from the Tokyo Stock Exchange, Inc. to list its investment units on the TSE's infrastructure investment fund securities market. Similar to the J-REIT market, the TSE established the infrastructure fund market in 2015 for the listing of funds that invest in infrastructure assets including renewable energy facilities.
Canadian Solar Projects K.K., a wholly owned subsidiary of Canadian Solar, will be the sole sponsor of CSIF. CSIF will serve as a long-term investment vehicle for primarily solar energy project assets.
Affiliates of Canadian Solar intend to sell 13 solar energy projects in Japan, with total installed capacity of 72.7 MWp, to CSIF as its initial portfolio. Canadian Solar Asset Management K.K., a wholly owned subsidiary of the Sponsor, will manage CSIF's solar energy projects as its asset manager. Canadian Solar O&M Japan K.K., a wholly owned subsidiary of the Sponsor, will provide operation and maintenance services to CSIF.
Canadian Solar has been operating in the Japanese market since 2009.
Country news
-
-
September 25, 2017
JREC Kamisu biomass project achieves FC
Japan Renewable Energy Corporation (JREC) has signed ¥11.7 billion (US$104 million) project financing with a group of Japanese banks for a 24 MW wood biomass power plant in Kamisu, Ibaraki Prefecture (Japan).
Read more -
August 22, 2017
AMP Capital reaches final close on the AMP Capital Infrastructure Debt Fund III
AMP Capital has reached final close on the AMP Capital Infrastructure Debt Fund III (IDF III), raising US$2.5 billion for the mezzanine debt strategy, an additional US$800 million in co-investment rights and securing a further US$800 million from investors who want access to its deal capabilities.
Read more -
August 08, 2017
Sojitz-led Japanese group buys Irish wind projects
Sojitz Corporation has announced it has concluded a stock purchase agreement through subsidiary ShaMrocK Wind Limited —a joint venture established in UK with Mitsubishi UFJ Lease & Finance Limited and several Kansai Electric Power subsidiaries—to acquire a 60% stake in Evalair Limited, through which Sojitz will take on operation of a wind power plant in Ireland.
Read more -
July 25, 2017
Hindustan Power acquires 15 solar projects in Japan
Hindustan Power, India-based Multinational Company in Renewable Energy, operating in the international markets is set to increase its footprint in international markets to 2GW by 2022.
Read more -
July 10, 2017
GE Energy Financial Services raises solar energy fund in Japan
GE Energy Financial Services, the energy investing unit of General Electric, has raised the largest solar energy fund in Japan to invest in Japanese solar power projects.
Read more
