Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that Canadian Solar Infrastructure Fund, Inc. ("CSIF") has obtained approval from the Tokyo Stock Exchange, Inc. (the "TSE") 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 ("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.
