June 27, 2022
For Immediate Release
Investment Corporation
Canadian Solar Infrastructure Fund, Inc.
Representative: Hiroshi Yanagisawa
Executive Officer
(Securities Code: 9284)
Asset Manager
Canadian Solar Asset Management K.K.
Representative: | Hiroshi Yanagisawa |
CEO & Representative Director | |
Inquiries: | Keiichi Yoshida |
Chief Financial Officer | |
TEL: +81-3-6279-0311 |
Notice Concerning Suspension of Power Generation at the Asset Under Management
Canadian Solar Infrastructure Fund, Inc.(hereinafter referred to as "CSIF") hereby announce regarding CS Hiji-machiDai-ni, the power plant owned by CSIF has been stopped generating power, according to the report by Canadian Solar O&M Japan K.K., which is O&M operator of the Power Plant. Details are as follow.
At the CS Hiji-machiDai-ni Power Plant, a power outage due to a lightning strike occurred at around 10:00 a.m. on June 25, and during the power restoration work, the protective switchgear at the substation was found to be malfunctioning, so power generation was stopped in the relevant protected area. The power generation outage covers part of the power generation facilities, and repairs to the protective switchgear have already been arranged by the manufacturer, and restoration is expected by Friday, July 1. Regarding the construction costs required for restoration and compensation for the rental income during the suspension period of lessee's power sales, we plan to file an insurance claim after the amount of damage is determined.
The impact of the rent reduction due to the suspension of lessee's power generation is negligible, and as mentioned above, reimbursement for the amount of damage is expected to be made through insurance. Therefore, there will be no revision to the CSIF's forecast of management status for the fiscal period ending
June 30, 2022 (10th Fiscal Period) and the fiscal period ending December 31, 2022 (11th Fiscal Period). End
URL of CSIF: | https://www.canadiansolarinfra.com/en/ |
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Canadian Solar Infrastructure Fund Inc. published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 11:13:51 UTC.