for the 16th FP Asset Management Report

Portfolio

Portfolio

Portfolio Highlight

As of June 30, 2025

  • # of projects
    34 projects
  • Total acquisition price as of the end of 16th FP
    ¥ 101.7 Bn
  • Panel output of AUM
    246.3 MW
  • Total valuation price (Note) as of the end of 16th FP
    ¥ 86.2 Bn

Total Energy Output for the Period

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Historical Portfolio Diversification (panel output basis)

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Remaining FIT period of CSIF portfolio (panel output basis)

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Historical valuation and book value (after depreciation)

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Portfolio OverviewAs of June 30, 2025

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 540 405 0.47 1,224.00 40 Kyushu 30-day rule
S-02 CS Isa-shi Power Plant Isa-shi, Kagoshima 372 253 0.29 931.77 40 Kyushu 30-day rule
S-03 CS Kasama-shi Power Plant Kasama-shi, Ibaraki 907 758 0.88 2,127.84 40 Tokyo 30-day rule
S-04 CS Isa-shi Dai-ni Power Plant Isa-shi, Kagoshima 778 531 0.62 2,013.99 36 Kyushu 30-day rule
S-05 CS Yusui-cho Power Plant Aira-gun, Kagoshima 670 430 0.50 1,749.30 36 Kyushu 30-day rule
S-06 CS Isa-shi Dai-san Power Plant Isa-shi, Kagoshima 949 628 0.73 2,225.08 40 Kyushu 30-day rule
S-07 CS Kasama-shi Dai-ni Power Plant Kasama-shi, Ibaraki 850 633 0.73 2,103.75 40 Tokyo 30-day rule
S-08 CS Hiji-machi Power Plant Hayami-gun, Oita 1,029 680 0.79 2,574.99 36 Kyushu 30-day rule
S-09 CS Ashikita-machi Power Plant Ashikita-gun, Kumamoto 989 669 0.78 2,347.80 40 Kyushu 30-day rule
S-10 CS Minamishimabara-shi Power Plant (East & West) Shimabara-shi, Nagasaki 1,733 1,257 1.46 3,928.86 40 Kyushu 30-day rule
S-11 CS Minano-machi Power Plant Chichibu-gun, Saitama 1,018 829 0.96 2,448.60 32 Tokyo 30-day rule
S-12 CS Kannami-cho Power Plant Tagata-gun, Shizuoka 514 412 0.48 1,336.32 36 Tokyo 30-day rule
S-13 CS Mashiki-machi Power Plant Kamimashiki-gun, Kumamoto 19,751 16,245 18.84 47,692.62 36 Kyushu 30-day rule
S-14 CS Koriyama-shi Power Plant Koriyama-shi, Fukushima 246 176 0.20 636.00 32 Tohoku 30-day rule
S-15 CS Tsuyama-shi Power Plant Tsuyama-shi, Okayama 746 567 0.66 1,930.50 32 Chugoku 30-day rule
S-16 CS Ena-shi Power Plant Ena-shi, Gifu 757 616 0.72 2,124.20 32 Chubu 360-hour rule
S-17 CS Daisen-cho Power Plant (A)(B) Saihaku-gun, Tottori 10,447 7,962 9.24 27,302.40 40 Chugoku 30-day rule
S-18 CS Takayama-shi Power Plant Takayama-shi, Gifu 326 253 0.29 962.28 32 Chubu 360-hour rule
S-19 CS Misato-machi Power Plant Kodama-gun, Saitama 470 361 0.42 1,082.88 32 Tokyo 30-day rule
S-20 CS Marumori-machi Power Plant Igu-gun, Miyagi 850 609 0.71 2,194.50 36 Tohoku Unlimited and Uncompensated rule
S-21 CS Izu-shi Power Plant Izu-shi, Shizuoka 4,569 3,769 4.37 10,776.80 36 Tokyo 30-day rule
S-22 CS Ishikari Shinshinotsu-mura Power Plant Ishikari-gun, Hokkaido 680 506 0.59 2,384.64 24 Hokkaido Unlimited and Uncompensated rule
S-23 CS Osaki-shi Kejonuma Power Plant Osaki-shi, Kejonuma 208 153 0.18 954.99 21 Tohoku Unlimited and Uncompensated rule
S-24 CS Hiji-machi Dai-ni Power Plant Hayami-gun, Oita 27,851 24,348 28.24 53,403.66 40 Kyushu 30-day rule
S-25 CS Ogawara-machi Power Plant Shibata-gun, Miyagi 2,745 2,320 2.69 7,515.35 32 Tohoku Unlimited and Uncompensated rule
S-26 CS Fukuyama-shi Power Plant Fukuyama-shi, Hiroshima 1,340 1,262 1.46 3,316.95 40 Chugoku 30-day rule
S-27 CS Shichikashuku-machi Power Plant Katta-gun, Miyagi 3,240 2,908 3.37 9,213.12 36 Tohoku 30-day rule
S-28 CS Kama-shi Power Plant Kama-shi, Fukuoka 586 549 0.64 2,242.96 36 Kyushu Unlimited and Uncompensated rule
S-29 CS Miyako-machi Saigawa Power Plant Miyako-gun, Fukuoka 5,780 5,478 6.35 13,011.20 36 Kyushu Unlimited and Uncompensated rule
S-30 CS Kasama-shi Dai-san Power Plant Kasama-shi, Ibaraki 5,840 5,586 6.48 13,569.36 32 Tokyo 30-day rule
S-31 CS Yamaguchi-shi Power Plant Yamaguchi-shi, Yamaguchi-ken 230 247 0.29 1,107.60 18 Chugoku Unlimited and Uncompensated rule
S-32 CS Sakura-shi Power Plant Sakura-shi, Chiba 321 326 0.38 1,218.30 21 Tokyo 360-hour rule
S-33 CS Hiroshima-shi Suzuhari Power Plant Hiroshima-shi Hiroshima-ken 3,980 3,997 4.64 17,461.08 18 Chugoku 360-hour rule
S-34 CS Sakura-shi Kitsuregawa Power Plant Sakura-shi Tochigi-ken 470 483 0.56 1,210.44 32 Tokyo 360-hour rule
Portfolio Total 101,788 86,212 100.00% 246,323.95

(Note): The term “valuation price ”refers to the intermediate value of power plants whose property numbers in the Asset List on page 8-9 are S-01 through S-18 estimated by CSIF, based on the valuations of power plants at the end of Jun. 2025 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 Jun. 2025, and for power plant S-31 through S-34, “valuation price ” is estimated by CSIF, based on the valuations of power plants at the end of Jun. 2025 calculated by Japan Real Estate Institute.

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

S-32

CS Sakura-shi Power Plant

S-33

CS Hiroshima-shi Suzuhari Power Plant

S-34

CS Sakura-shi Kitsuregawa Power Plant