Portfolio

Portfolio
Portfolio Overview

Portfolio

Portfolio Highlight

As of December 31, 2023

# of Projects

31 projects
Total Acquisition Price

JPY 97.0 Bn
Panel Output of AUM

226.4 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

13th FP actual energy output ÷ projected energy output = 100.81% (11th FP (corresponding period of the previous year): 96.69%)

Historical Portfolio Diversification (panel output basis)

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

Historical valuation and book value (after depreciation)

Portfolio Overview

As of December 31, 2023

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

S-26

CS Fukuyama-shi Power Plant

S-27

CS Shichikashuku-machi Power Plant

S-28

CS Kama-shi Power Plant

S-29

CS Miyako-machi Saigawa Power Plant

S-30

CS Kasama-shi Dai-san Power Plant

S-31

CS Yamaguchi-shi Power Plant

List of Power Plant Assets

No.	Project name	Location	Acquisition Price (million yen)	Valuation Price ^(Note) (million yen)	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	432	0.5	1,224.00	40	Kyushu	30-day rule	○
S-02	CS Isa-shi Power Plant	Isa-shi, Kagoshima	372	285	0.3	931.77	40	Kyushu	30-day rule	○
S-03	CS Kasama-shi Power Plant	Kasama-shi, Ibaraki	907	818	0.9	2,127.84	40	Tokyo	30-day rule
S-04	CS Isa-shi Dai-ni Power Plant	Isa-shi, Kagoshima	778	591	0.7	2,013.99	36	Kyushu	30-day rule	○
S-05	CS Yusui-cho Power Plant	Aira-gun, Kagoshima	670	510	0.6	1,749.30	36	Kyushu	30-day rule	○
S-06	CS Isa-shi Dai-san Power Plant	Isa-shi, Kagoshima	949	737	0.8	2,225.08	40	Kyushu	30-day rule	○
S-07	CS Kasama-shi Dai-ni Power Plant	Kasama-shi, Ibaraki	850	705	0.8	2,103.75	40	Tokyo	30-day rule
S-08	CS Hiji-machi Power Plant	Hayami-gun, Oita	1,029	794	0.9	2,574.99	36	Kyushu	30-day rule	○
S-09	CS Ashikita-machi Power Plant	Ashikita-gun, Kumamoto	989	772	0.9	2,347.80	40	Kyushu	30-day rule	○
S-10	CS Minamishimabara-shi Power Plant (East & West)	Shimabara-shi, Nagasaki	1,733	1,418	1.6	3,928.86	40	Kyushu	30-day rule	○
S-11	CS Minano-machi Power Plant	Chichibu-gun, Saitama	1,018	903	1.0	2,448.60	32	Tokyo	30-day rule
S-12	CS Kannami-cho Power Plant	Tagata-gun, Shizuoka	514	452	0.5	1,336.32	36	Tokyo	30-day rule
S-13	CS Mashiki-machi Power Plant	Kamimashiki-gun, Kumamoto	19,751	18,336	20.7	47,692.62	36	Kyushu	30-day rule	○
S-14	CS Koriyama-shi Power Plant	Koriyama-shi, Fukushima	246	209	0.2	636.00	32	Tohoku	30-day rule
S-15	CS Tsuyama-shi Power Plant	Tsuyama-shi, Okayama	746	608	0.7	1,930.50	32	Chugoku	30-day rule	○
S-16	CS Ena-shi Power Plant	Ena-shi, Gifu	757	676	0.8	2,124.20	32	Chubu	360-hour rule	○
S-17	CS Daisen-cho Power Plant (A)(B)	Saihaku-gun, Tottori	10,447	8,781	9.9	27,302.40	40	Chugoku	30-day rule	14 th FP (Completed in February)
S-18	CS Takayama-shi Power Plant	Takayama-shi, Gifu	326	272	0.3	962.28	32	Chubu	360-hour rule	○
S-19	CS Misato-machi Power Plant	Kodama-gun, Saitama-ken	470	394	0.4	1,082.88	32	Tokyo	30-day rule
S-20	CS Marumori-machi Power Plant	Igu-gun, Miyagi	850	694	0.8	2,194.50	36	Tohoku	Unlimited and Uncompensated rule	○
S-21	CS Izu-shi Power Plant	Izu-shi, Shizuoka	4,569	3,942	4.4	10,776.80	36	Tokyo	30-day rule	15th FP (Scheduled)
S-22	CS Ishikari Shinshinotsu-mura Power Plant	Ishikari-gun, Hokkaido	680	538	0.6	2,384.64	24	Hokkaido	Unlimited and Uncompensated rule	○
S-23	CS Osaki-shi Kejonuma Power Plant	Osaki-shi, Kejonuma	208	173	0.2	954.99	21	Tohoku	Unlimited and Uncompensated rule	○
S-24	CS Hiji-machi Dai-ni Power Plant	Hayami-gun, Oita	27,851	25,928	29.2	53,403.66	40	Kyushu	30-day rule	○
S-25	CS Ogawara-machi Power Plant	Shibata-gun, Miyagi	2,745	2,492	2.8	7,515.35	32	Tohoku	Unlimited and Uncompensated rule	○
S-26	CS Fukuyama-shi Power Plant	Fukuyama-shi,Hiroshima	1,340	1,309	1.5	3,316.95	40	Chugoku	30-day rule	○
S-27	CS Shichikashuku-machi Power Plant	Katta-gun, Miyagi	3,240	3,558	4.0	9,213.12	36	Tohoku	30-day rule	○
S-28	CS Kama-shi Power Plant	Kama-shi, Fukuoka	586	594	0.7	2,242.96	36	Kyushu	Unlimited and Uncompensated rule	○
S-29	CS Miyako-machi Saigawa Power Plant	Miyako-gun,Fukuoka	5,780	5,771	6.5	13,011.20	36	Kyushu	Unlimited and Uncompensated rule	○
S-30	CS Kasama-shi Dai-san Power Plant	Kasama-shi, Ibaraki	5,840	5,834	6.6	13,569.36	32	Tokyo	30-day rule
S-31	CS Yamaguchi-shi Power Plant	Yamaguchi-shi, Yamaguchi-ken	230	254	0.3	1,107.60	18	Chugoku	Unlimited and Uncompensated rule	○
Total			97,017	88,755	100.00	226,434.31	ー	ー	ー	ー

(Note): The term “valuation price ”refers to the intermediate value of power plants whose property numbers in the Asset List on page 12 are S-01 through S-18 estimated by CSIF, based on the valuations of power plants at the end of Dec. 2023 calculated by PricewaterhouseCoopers Sustainability LLC. As for power plants S-19 through S-30, “valuation price” is the median value calculated by Kroll, LLC at the end of Dec 2023, and for power plant S-31, “valuation price ” is estimated by CSIF, based on the valuations of power plants at the end of Dec. 2023 calculated by Japan Real Estate Institute.