Canadian Solar lists project fund on Tokyo exchange

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Canadian Solar will be the only sponsor for the new fund.

Canadian Solar’s Japanese project fund has been approved for listing by the Tokyo Stock Exchange.

The Canadian Solar Infrastructure Fund (CSIF) will initially purchase 13 projects from Canadian Solar with a capacity of 72.7MW. The parent company will serve as the fund’s sole sponsor.

Asset management and O&M subsidiaries of Canadian Solar will be engaged by the fund.

Canadian Solar has a 362MW late-stage development pipeline in Japan, according to an investor presentation in August.

Japan is one of just eight markets the company is targeting for near-term project development. Speaking after a 52.5MW project completion in the country in July, Dr. Shawn Qu, chairman and CEO of Canadian Solar said: “This is a milestone as we continue to make progress in developing and delivering our high-value solar project pipeline in this important market.”

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