Canadian Solar Infrastructure Fund
- Company typePublic
- Founded2017
- HeadquartersTokyo, Japan
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
Canadian Solar Infrastructure Fund firmographics
Firmographics- Name
- Canadian Solar Infrastructure Fund
- Legal name
- Canadian Solar Infrastructure Fund, Inc.
- Website
- https://canadiansolarinfra.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Canadian Solar Infrastructure Fund industry classification
Industry- Product category
- Solar Infrastructure Investment Fund (J-REIT)
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Renewable Energy Infrastructure (FSAAAKAG), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH)
Keywords
Where Canadian Solar Infrastructure Fund is headquartered
LocationHeadquarters
- HQ city
- Tokyo
- HQ country
- Japan
- HQ region
- Asia
Offices2 records
Markets served
Canadian Solar Infrastructure Fund business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Rental Income from Solar Power Plants: Primary revenue from leasing solar power generation facilities under long-term power purchase agreements. Revenue is stable and predictable due to feed-in tariff (FIT) system which guarantees fixed procurement price and procurement period for each facility. Basic rent is guaranteed with potential upside from O&M performance.
- Distribution to Unitholders: Returns distributed to investors (unitholders) based on rental income after operating expenses, interest payments, and management fees. Distribution per unit is declared semi-annually.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Investment Trust Management Fee I: 6.0% (max) of rental business revenue |
| Subscription | Multi-year contract | Investment Trust Management Fee II: 6.0% (max) of adjusted net income plus depreciation |
| Transaction based/ take rate | Multi-year contract | Acquisition Fee: 2.0% (max) of acquisition value; 1.0% (max) for sponsor group transactions |
| Transaction based/ take rate | Multi-year contract | Transfer Fee: 2.0% (max) of transfer value; 1.0% (max) for sponsor group transactions |
| Subscription | Semi-annual | Distribution per unit (17th FP actual): 3,647 yen per unit (including 3,638 yen regular + 9 yen surplus) |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Canadian Solar Infrastructure Fund product offering
Product offeringCore offering
Canadian Solar Infrastructure Fund is a Japanese J-REIT that invests in, develops, and operates a portfolio of solar photovoltaic power generation facilities across Japan. The fund acquires solar power plants under long-term feed-in tariff (FIT) contracts that guarantee fixed procurement prices and 17-20 year procurement periods, generating stable rental income that is distributed semi-annually to unitholders. All asset management is outsourced to Canadian Solar Asset Management K.K., a wholly-owned subsidiary of the sponsor Canadian Solar Projects K.K.
Product overview
Canadian Solar Infrastructure Fund is a Japanese infrastructure investment fund (REIT) that operates as a single, unified investment vehicle focused on solar power generation facilities in Japan. The fund's core offering consists of ownership and management of a diversified portfolio of 35 solar power generation properties with total panel output of 247.5 MW, providing investors with stable distributions and long-term growth potential. The fund is managed by Canadian Solar Asset Management K.K. and benefits from sponsorship by Canadian Solar Projects K.K. and the broader Canadian Solar Group, which provides vertically integrated capabilities including module manufacturing, project development, EPC services, and O&M operations. The fund's investment strategy emphasizes stable cash flows from feed-in tariff contracts, with growth achieved through external acquisitions from the sponsor pipeline and disciplined capital management including green bond issuances.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Power Generation Facilities Portfolio A diversified portfolio of 35 solar power generation properties across Japan with total panel output of 247.5 MW and acquisition price of 102.042 billion yen. Generates renewable electricity sold to utilities under feed-in tariff contracts, producing stable rental income for the J-REIT and its unitholders.
- Investment Units (Listed Securities, Code 9284) Listed investment units traded on the Tokyo Stock Exchange (Securities Code: 9284) on the Infrastructure Investment Fund Securities Market. Each unit represents an equity interest in the J-REIT and entitles the holder to semi-annual distributions derived from the fund's rental income from solar power plants.
Quantifiable outcome
- 561,726,671 kg-CO2 emissions reduced since listing (as of December 2024)
- +2 more outcomes
Companies that use Canadian Solar Infrastructure Fund
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Canadian Solar Infrastructure Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Canadian Solar Infrastructure Fund partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, core and minor.
- Canadian Solar Project K.K.flagshipSponsor and parent company of asset manager. Provides proprietary pipeline of solar power generation facilities for acquisition. Retains 65,672 units (15.29%) as largest unitholder. Signs support agreements for preferential acquisition rights and information sharing.
- Canadian Solar Asset Management K.K.flagshipExternal asset manager responsible for all investment decisions, asset management, and operations. Licenses Canadian Solar brand and receives management fees. Registered with Kanto Local Finance Bureau for financial instruments business.
- Canadian Solar O&M Japan (CSOM)coreOperations and maintenance services provider for solar power plants. Provides CSEye 24/7 monitoring system, remote diagnostics, troubleshooting, and onsite maintenance services. Approximately 50% of employees are women, promoting diversity.
- Japan Credit Rating Agency (JCR)minorCredit rating agency providing issuer ratings (A+), green finance evaluations (Green 1(F)), and bond ratings (A).
- Rating and Investment Information, Inc. (R&I)minorCredit rating agency providing long-term issuer rating (A, Stable outlook).
Scale indicators6 records
Recent moves7 records
Expansion highlights4 records
Canadian Solar Infrastructure Fund competitors and assessment
Company assessmentBroad incumbents
- Clearway Energy, Inc. US-listed renewable energy yieldco (NYSE: CWEN) with a diversified portfolio of solar, wind, and thermal assets under long-term contracts. Comparable publicly-traded vehicle owning contracted renewable generation cash flows.
- Canadian Solar Inc. Global parent sponsor (NASDAQ: CSIQ) of Canadian Solar Projects K.K. and the asset manager; vertically integrated solar developer, module manufacturer, and IPP. Broad incumbent whose Japanese development arm is the primary pipeline source for CSIF.
- Brookfield Renewable Partners L.P. Global renewable energy yieldco/platform (NYSE: BEP) operating utility-scale wind, solar, and storage assets. Comparable business model of owning and operating renewable generation assets to produce long-term contracted cash flows.
- Infroneer Holdings Inc. Japanese infrastructure platform (TSE ticker 5071) spanning construction, renewable energy development, and concessions. Overlaps with CSIF as a Japan-focused renewable developer and asset operator with broader infrastructure mandate.
- NextEra Energy Partners, LP: US-listed renewable energy yieldco (NYSE: NEP) that acquires and operates contracted wind and solar assets with long-term PPAs. Closely analogous yield-vehicle structure with similar distribution-driven investment thesis.
Direct peers
- RENOVA, Inc. Japanese renewable energy developer and IPP (TSE ticker 9519) operating utility-scale solar, wind, and biomass projects — closely comparable in underlying business activity (operating renewable generation assets) and a potential pipeline source/competitor.
- Nippon Renewable Energy Infrastructure Fund: Japanese infrastructure fund investing in renewable energy assets (predominantly solar) with similar FIT-anchored revenue model and listed-investment-trust structure. Competes directly for acquisitions and investor capital in the same J-REIT category.
- Ichigo Green Infrastructure Investment Corporation: Japanese green-infrastructure J-REIT (TSE ticker 9282) focused on renewable energy (primarily solar) assets under FIT. Comparable in scale, asset class, and yield-oriented distribution policy.
- Tokyo Infrastructure Energy Investment Corporation: Japanese solar-focused J-REIT (TSE ticker 9285) with a comparable investment strategy: owning and operating utility-scale solar PV assets under long-term FIT contracts and distributing cash to unitholders. Direct competitor for Japanese solar pipeline assets and unitholders.
Regional players
- Hulic Co., Ltd. Second-largest unitholder in CSIF (13.99%) and a major Japanese real estate/renewable energy investor. Comparable exposure to Japan renewable infrastructure and potential strategic partner/competitor for Japanese solar assets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Canadian Solar Infrastructure Fund social profiles
Digital presenceCanadian Solar Infrastructure Fund compliance and trust
Trust signalCompliance8 records
Canadian Solar Infrastructure Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Canadian Solar Infrastructure Fund leadership team
Management profileNumber of profiles
Profiles4 records
Canadian Solar Infrastructure Fund subsidiaries and ownership
Company hierarchySubsidiaries4 records
Canadian Solar Infrastructure Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Canadian Solar Infrastructure Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Canadian Solar Infrastructure Fund
What does Canadian Solar Infrastructure Fund do?
Canadian Solar Infrastructure Fund is a Japanese J-REIT that invests in, develops, and operates a portfolio of solar photovoltaic power generation facilities across Japan. The fund acquires solar power plants under long-term feed-in tariff (FIT) contracts that guarantee fixed procurement prices and 17-20 year procurement periods, generating stable rental income that is distributed semi-annually to unitholders. All asset management is outsourced to Canadian Solar Asset Management K.K., a wholly-owned subsidiary of the sponsor Canadian Solar Projects K.K.
Is Canadian Solar Infrastructure Fund a public or private company?
Canadian Solar Infrastructure Fund is a public company. It is classified as public and is currently operating.
When was Canadian Solar Infrastructure Fund founded?
Canadian Solar Infrastructure Fund was founded in 2017. It employs 5,001 to 10,000 people.
Where is Canadian Solar Infrastructure Fund based?
Canadian Solar Infrastructure Fund is headquartered in Tokyo, Japan, in the Asia region.
How does Canadian Solar Infrastructure Fund make money?
Two revenue lines are on record. Rental Income from Solar Power Plants are the primary driver. The others are distribution to Unitholders.
Who are Canadian Solar Infrastructure Fund's main competitors?
Broad incumbents on record are Clearway Energy, Inc., Canadian Solar Inc., Brookfield Renewable Partners L.P., Infroneer Holdings Inc. and NextEra Energy Partners, LP. Direct peers are RENOVA, Inc., Nippon Renewable Energy Infrastructure Fund, Ichigo Green Infrastructure Investment Corporation and Tokyo Infrastructure Energy Investment Corporation. Hulic Co., Ltd. is listed as a regional player.
Does Canadian Solar Infrastructure Fund have an API?
No public API is recorded for Canadian Solar Infrastructure Fund.
What industry is Canadian Solar Infrastructure Fund in?
Canadian Solar Infrastructure Fund's product category is Solar Infrastructure Investment Fund (J-REIT). Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of FSAAAKAG, Renewable Energy Infrastructure. Its NAICS code is 221114 and its SIC code is 4991.