Canadian Solar partners with Macquarie for Japanese PV push
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Canadian Solar has raised JPY22 billion (US$208 million) for its Japan Green Infrastructure Fund (JGIF), which will develop and accumulate solar projects in the Asian country.
The company will hold a 67% stake in the fund, while infrastructure investor Macquarie Group will have a 33% interest and act as financial advisor.
JGIF is expected to grant first offer rights to the Canadian Solar Infrastructure Fund, a Japanese-listed infrastructure fund holding solar assets managed by Canadian Solar’s asset management subsidiary.
Shawn Qu, CEO of Canadian Solar, said: “JGIF’s more dedicated capital pool will further boost our competitiveness in developing clean, sustainable and high-quality solar energy projects in Japan.”
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Canadian Solar Inc. has announced the successful close of the Japan Green Infrastructure Fund (JGIF). Canadian Solar will partner with Macquarie Advisory & Capital Solutions, the advisory and capital markets arm of the Macquarie Group. Macquarie is both the financial advisor and a minority investor in the fund.
JGIF s mission is to accelerate the development of new projects in Japan with clear monetisation strategies, and expects to grant first offer rights to the Canadian Solar Infrastructure Fund (CSIF), a Japanese-listed infrastructure fund holding operating solar assets managed by Canadian Solar s asset management subsidiary.
JGIF marks Canadian Solar s first platform entry into the private institutional capital pool. Together with Macquarie and other cornerstone investors, the fund has secured JPY22 billion (US$208 million) of committed capital that will be used to develop, build and accumulate new solar projects in Japan. The fund will further consider green bo
Canadian Solar Closes Japan Green Infrastructure Fund with JPY22 Billion Committed Capital to Develop New Projects
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GUELPH, ON, Feb. 16, 2021 /PRNewswire/ Canadian Solar Inc. (the Company , or Canadian Solar ) (NASDAQ: CSIQ), one of the world s largest solar power companies, announced today the successful close of the Japan Green Infrastructure Fund ( JGIF or the Fund ). Canadian Solar will partner with Macquarie Advisory & Capital Solutions ( Macquarie ), the advisory and capital markets arm of the Macquarie Group (ASX: MQG). Macquarie is both the financial advisor and a minority investor in the Fund.
JGIF s mission is to accelerate the development of new projects in Japan with clear monetization strategies, and expects to grant first offer rights to the Canadian Solar Infrastructure Fund ( CSIF , TSE: 9284), a Japanese-listed infrastructure fund holding operating solar assets managed by Canadian Solar s asset managem
Guelph, Ontario-based solar power company Canadian Solar has partnered with Macquarie Advisory & Capital Solutions to launch the Japan Green Infrastructure Fund.