for the 14th FP Asset Management Report

Operation Strategy

External Growth Policy

  • In addition to the “Sponsor pipelines”,CSIF plans to focus on actively look at acquiring “third-party developed projects.”
  • CSIF plans to prepare for the future market by acquiring FIP/CPPA projects.

External Growth Strategy

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Accelerating asset size to 200 billion yen growth in the medium term by acquisitions of third-party development projects,in addition to acquisitions from abundant sponsor pipeline

(as of June 30, 2024)

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Source: Compiled by the Asset Manager based on disclosures by Canadian Solar Projects K.K.

Internal Growth Policy

  • CSIF aims to increase the value of existing facilities by “re-powering” and installing “storage battery facilities” to make best use of our assets and support the profitability in the Post-FIT phase.

Organic Growth Strategy

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Tracking information disclosure and expansion of demand for renewable energy

  • In light of the rapidly increasing awareness of global efforts towards carbon neutrality amongst Japanese electricity consumers, CSIF will grant access to tracking information (key information on renewable Power Plant as specified in the FIT Non-Fossil Certificate) of CS Daisen-cho Power Plant (A), Daisen-cho Power Plant (B), and CS Marumori-machi Power Plant for electricity consumers.
  • At the Electricity and Gas Strategic Policy Subcommittee held in December 2022, a proposal to raise the minimum price of renewable energy traded in the Non-Fossil Value Trading Market has been submitted for panel review. CSIF believes that the need for renewable energy trading is rising amongst consumers.

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(Note):A FIT Non-Fossil Certificate is a certificate representing the renewable energy value of the electric power purchased under the FIT scheme that is traded on the Non-Fossil Value Trading Market operated by Japan Electric Power Exchange (hereinafter referred to as “JPEX”).

New Specific Wholesale contracts with Retail Electricity provider

  • For the following Power Plants, CSIF has reviewed the existing specific wholesale contracts for premium electricity sales and concluded new specific wholesale contracts for renewable electricity and with retail electricity providers in April 2023 and June 2023.
  • CSIF believes that it will contribute to the spread of renewable energy and at the same time, contribute to the realization of internal growth through the recording of additional rental income.
Power Plant Renewal Period/ Termination of contract Contract Date Start Date of Specific Wholesale
CS Hiji-machi Dai-ni PP Renewal for 1 year
after 2 years
April 24, 2023 July 1, 2023
CS Mashiki-machi PP June 30, 2023 September 1, 2023
CS Izu-shi PP June 30, 2023 September 1, 2023
CS Ogawara-machi PP June 30, 2023 September 1, 2023