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Tokyo Stock Exchange to List 3rd Issue on its Infrastructure Fund Market

24MW solar fund managed by Renewable Japan subsidiary

2017/03/16 14:28
Kenji Kaneko, Nikkei BP CleanTech Institute
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"Ichinoseki City Kazawa Solar Power Plant" in Ichinoseki City, Iwate Prefecture (source: Nikkei BP)
"Kesennuma City Motoyoshi-cho Solar Power Plant" in Kesennuma City, Miyagi Prefecture (source: Renewable Japan)

Tokyo Stock Exchange (TSE) Inc approved the listing of the investment equities of Japan Renewable Energy Infrastructure Investment Firm (Minato-ku, Tokyo) on the Infrastructure Fund Market Feb 22, 2017.

The assets of Japan Renewable Energy Infrastructure Investment Firm is managed by RJ Investment Co Ltd (Minato-ku, Tokyo), which is affiliated with Renewable Japan Co Ltd (Minato-ku, Tokyo), which develops solar power plants.

The Infrastructure Fund Market of TSE was established in April 2015. And Takara Leben Infrastructure Fund (Chiyoda-ku, Tokyo) and Ichigo Green Infrastructure Investment Corp (Chiyoda-ku, Tokyo) were listed on the market as the first and second issues on the market in June and December 2016, respectively. Japan Renewable Energy Infrastructure Investment Firm will be the third issue listed on the market.

Japan Renewable Energy Infrastructure Investment Firm is scheduled to be listed on the market March 29, 2017. As of Feb 22, 2017, the number of issued equities is 1,500, and the total investment is ¥150 million (approx US$1.32 million, ¥100,000 per equity). At the time of the listing, the number of issued equities is expected to be 40,640 (total investment: ¥4.064 billion) including the equities for the public offering.

Japan Renewable Energy Infrastructure Investment Firm invests mainly in mega (large-scale) solar power plants that Renewable Japan has been developing and operating. Its total assets are worth about ¥9.279 billion, of which infrastructures account for about ¥8.384 billion (at the time of purchase). About 90% of the capital was invested in solar power generation facilities.