Canadian Solar Financial and Operational Summary Q1 2022
Increase earnings stability and value capture through investment vehicles and
capital partnerships
First offer
rights to
CSIF
Optimize and maximize
project valuation relative to
individual project sales
strategies
Grow base of operating
solar assets through partial
ownerships and increase
share of recurring income
Mobilize and leverage 3rd
party capital partners for
growth
Capture additional value in
O&M, asset management,
storage retrofit etc.
Entity
Location
Status
Expected
CSIQ
owner-
Type of
assets
ship
Gross
volume,
MWp
AUM, Equity,
$mn $mn
Avg
market
CAFD
$/MW
CSIF (1)
(Canadian Solar
Japan
Infrastructure Fund,
Up-and-
running
15%
Operational
assets
184
650
380
>$200k
TSE: 9284)
JGIF
Development
(Japan Green
Japan
Up-and-
running
67%
Infrastructure Fund)
& construction
assets
>200 (2)
N/D
(3)
N/D
CSFS
100%
owned,
(Canadian Solar
Italy
Finint Solare, Italian
Real Estate Fund)
fundraising
from
Q4 2021
c.40%
Construction
& operational
140 (4)
N/D
N/D
c.$30k
assets
FIP-IE
(Listed Brazilian
Participation Fund in
Brazil
Infrastructure - to
100%
owned,
still private
Up to 20%
Operational
assets
>600 (4)
N/D
N/D
c.$40k
be launched)
Various private &
public vehicles
(to be launched)
Europe
(various)
N/A
c.40%
Construction
& operational
assets
N/D
N/D
N/D
c.$20k
(1) See following slide for more details.
(2) Assumes full deployment, as JGIF is a development fund and will not hold projects for long term cash flow.
(3) Not disclosed or not available.
(4) Initial asset dropdown, expected to grow over time. Total existing backlog in Brazil is >2 GW. E.U. funds to grow to >1 GW.
Note: Values are indicative and subject to change without notice.
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