Canadian Solar's Investment Corporation Listed on Infrastructure Fund Market of TSE

2017/09/30 16:24
Shinichi Kato, Nikkei BP Intelligence Group, CleanTech Institute
A mega solar power plant that Canadian Solar Projects runs in Japan. It is a plant with an output of about 47.7MW in Mashiki-machi, Kumamoto Prefecture. (source: Nikkei BP)

Canadian Solar Japan KK (Shinjyuku-ku, Tokyo), a Japanese subsidiary of a leading solar panel manufacturer, announced Sept 26, 2017, that the listing of "Canadian Solar Infrastructure Investment Corporation" on the Infrastructure Fund Market of the Tokyo Stock Exchange (TSE) has been approved.

It is the fourth stock listed on the Infrastructure Fund Market. In 2015, TSE established the Infrastructure Fund Market, which is for funds investing in infrastructure assets including renewable energy-based power generation facilities, like REIT (Real Estate Investment Trust), in the aim of enabling general investors to invest in small lots in mega (large-scale) solar power plants (See related article 1, 2, 3).

The main purpose of Canadian Solar Infrastructure Investment Corporation, which was approved to be listed on the Infrastructure Fund Market of the TSE this time, is to invest in renewable energy-based power generation facilities, etc.

The only sponsor of the corporation is Canadian Solar Projects KK (Shinjyuku-ku, Tokyo), which is responsible for the development and operation of solar power plants in Japan.

Canadian Solar Infrastructure Investment Corporation plans to obtain 13 solar power plants operating in Japan from the Canadian Solar group. The total solar panel output of the 13 plants is 72.7MW.

After the acquisition of the solar power plants, Canadian Solar Infrastructure Investment Corporation will entrust their asset management and O&M (operation and maintenance) to two wholly-owned subsidiaries of Canadian Solar Projects.

Canadian Solar Asset Management KK and Canadian Solar O&M Japan KK will be responsible for the asset management and O&M, respectively.