Portfolio

Portfolio
Sponsor Pipeline
Portfolio Overview

Portfolio

Portfolio Highlight

December 31, 2022

# of Projects

25 PV Facilities
Total Acquisition Price

JPY 800.0 bln
Panel Output of AUM

183.9 MW

（Note）“Total Acquisition Price” is total of the purchase prices based on the sales and purchase agreement for each project.

Total Energy Output for the Period

11th FP actual energy output ÷ projected energy output 96.69% (9th FP (corresponding period of the previous year): 95.87%)

Historical Portfolio Diversification (panel output basis)

Remaining FIT period of projects-under-management (panel output basis)

Historical Valuation and Book Value(after depreciation)

Sponsor Pipeline

Operational Start Year and Status of Sponsor Portfolio Assets

Target to achieve ¥100Bn in asset size in medium term by mainly acquiring assets from abundant sponsor pipeline

Operational and under construction 15projects, 217.7MW + Under development 12projects, 149.8MW = Total pipeline 27projects, 367.5MW

（Note）Include assets owned by Japan Green Infrastructure Fund (JGIF) and third-party bridge fund.

Sponsor Pipeline Map(Including Projects Owned by JGIF and Bridge fund)

December 31, 2022

Enterprising assets acquisition from third parties

While we focus on acquiring solar energy projects from our Sponsor pipeline, we aim to diversify our acquisition opportunities not only by utilizing bridge funds but also by securing acquisition routes from third parties with Asset Manager’s network.

Portfolio Overview

December 31, 2022

S-01

CS Shibushi-shi PP

S-02

CS Isa-shi PP

S-03

CS Kasama-shi PP

S-04

CS Isa-shi Dai-ni PP

S-05

CS Yusui-cho PP

S-06

CS Isa-shi Dai-san PP

S-07

CS Kasama-shi Dai-ni PP

S-08

CS Hiji-machi PP

S-09

CS Ashikita-machi PP

S-10

CS Minamishimabara-shi PP（East & West）

S-11

CS Minano-machi PP

S-12

CS Kannami-cho PP

S-13

CS Mashiki-machi PP

S-14

CS Koriyama-shi PP

S-15

CS Tsuyama-shi PP

S-16

CS Ena-shi PP

S-17

CS Daisen-cho PP （A）（B）

S-18

CS Takayama-shi PP

S-19

CS Misato-machi PP

S-20

CS Marumori-machi PP

S-21

CS Izu-shi PP

S-22

CS Ishikari Shinshinotsu-mura PP

S-23

CS Osaki-shi Kejonuma PP

S-24

CS Hiji-machi Dai-ni Power Plant

S-25

CS Ogawara-machi Power Plant

List of Power Plant Assets

No.	Project name	Location	Acquisition Price (million yen)	Valuation Price (million yen) (Note)	Portfolio %	Panel Output (kW)	FIT Price (yen)	Electric Power service area	Curtailment rules	Online curtailment system status
S-01	CS Shibushi-shi Power Plant	Shibushi-shi, Kagoshima	540	468	0.6%	1,224.00	40	Kyushu	30-day rule	○
S-02	CS Isa-shi Power Plant	Isa-shi, Kagoshima	372	311	0.4%	931.77	40	Kyushu	30-day rule	○
S-03	CS Kasama-shi Power Plant	Kasama-shi, Ibaraki	907	870	1.2%	2,127.84	40	Tokyo	30-day rule
S-04	CS Isa-shi Dai-ni Power Plant	Isa-shi, Kagoshima	778	645	0.9%	2,013.99	36	Kyushu	30-day rule	○
S-05	CS Yusui-cho Power Plant	Aira-gun, Kagoshima	670	557	0.8%	1,749.30	36	Kyushu	30-day rule	○
S-06	CS Isa-shi Dai-san Power Plant	Isa-shi, Kagoshima	949	802	1.1%	2,225.08	40	Kyushu	30-day rule	○
S-07	CS Kasama-shi Dai-ni Power Plant	Kasama-shi, Ibaraki	850	744	1.0%	2,103.75	40	Tokyo	30-day rule
S-08	CS Hiji-machi Power Plant	Hayami-gun, Oita	1,029	865	1.2%	2,574.99	36	Kyushu	30-day rule	○
S-09	CS Ashikita-machi Power Plant	Ashikita-gun, Kumamoto	989	844	1.2%	2,347.80	40	Kyushu	30-day rule	○
S-10	CS Minamishimabara-shi Power Plant (East & West)	Shimabara-shi, Nagasaki	1,733	1,525	2.1%	3,928.86	40	Kyushu	30-day rule	○
S-11	CS Minano-machi Power Plant	Chichibu-gun, Saitama	1,018	982	1.3%	2,448.60	32	Tokyo	30-day rule
S-12	CS Kannami-cho Power Plant	Tagata-gun, Shizuoka	514	482	0.7%	1,336.32	36	Tokyo	30-day rule
S-13	CS Mashiki-machi Power Plant	Kamimashiki-gun, Kumamoto	19,751	19,318	26.2%	47,692.62	36	Kyushu	30-day rule	○
S-14	CS Koriyama-shi Power Plant	Koriyama-shi, Fukushima	246	218	0.3%	636.00	32	Tohoku	30-day rule
S-15	CS Tsuyama-shi Power Plant	Tsuyama-shi, Okayama	746	666	0.9%	1,930.50	32	Chugoku	30-day rule	○
S-16	CS Ena-shi Power Plant	Ena-shi, Gifu	757	720	1.0%	2,124.20	32	Chubu	360-hour rule	○
S-17	CS Daisen-cho Power Plant(A)(B)	Saihaku-gun, Tottori	10,447	9,227	12.2%	27,302.40	40	Chugoku	30-day rule	13th FP (Scheduled)
S-18	CS Takayama-shi Power Plant	Takayama-shi, Gifu	326	291	0.4%	962.28	32	Chubu	360-hour rule	○
S-19	CS Misato-machi Power Plant	Kodama-gun, Saitama-ken	470	417	0.5%	1,082.88	32	Tokyo	30-day rule
S-20	CS Marumori-machi Power Plant	Igu-gun, Miyagi	850	737	1.0%	2,194.50	36	Tohoku	Unlimited and Uncompensated rule	○
S-21	CS Izu-shi Power Plant	Izu-shi, Shizuoka	4,569	4,073	5.4%	10,776.80	36	Tokyo	30-day rule	13th FP (Scheduled)
S-22	CS Ishikari Shinshinotsu-mura Power Plant	Ishikari-gun, Hokkaido	680	594	0.8%	2,384.64	24	Hokkaido	Unlimited and Uncompensated rule	○
S-23	CS Osaki-shi Kejonuma Power Plant	Osaki-shi, Kejonuma	208	193	0.3%	954.99	21	Tohoku	Unlimited and Uncompensated rule	○
S-24	CS Hiji-machi Dai-ni Power Plant	Hayami-gun, Oita	27,851	27,253	35.1%	53,403.66	40	Kyushu	30-day rule	○
S-25	CS Ogawara-machi Power Plant	Shibata-gun, Miyagi	2,745	2,712	3.5%	7,515.35	32	Tohoku	Unlimited and Uncompensated rule	○
Total			80,001	75,519	100.00%	183,973.12	-	-	-	-

（Note）The term “price” refers to the price calculated based on appraised value as of the end of the fiscal period under review. The price of the renewable energy power generation facilities at power plants from S-01 through S-18 is the total intermediate value calculated by CSIF pursuant to paragraph 1, Article 41 of its Articles of Incorporation, using the appraised value as of December 31, 2022 in the range stated in the valuation report obtained from PricewaterhouseCoopers Sustainability LLC. The appraised value of renewable energy power generation facilities at power plants from S-19 through S-25 is the total appraised value as of December 31, 2022, stated as the median in the valuation report obtained from Kroll K.K., rounded down to the nearest ten million yen.