Features of EII
The best partner for realizing a sustainable
society through renewable energy
We aim for the maximization of unitholder value by providing opportunities to invest in facilities for generating renewable energy that contribute to a sustainable global environment.
Basic Principle
EII aims to contribute to the sustainable global environment and realize a sustainable society through adoption and expansion of eco-friendly renewable energy that emits very little CO2
EII aims to expand the asset size steadily and create stable cash flows by investing in renewable energy power generation facilities, capitalizing on the support from the sponsors centering on Itochu Enex.
Features and Strengths
1Utilization of various support from the sponsors centering on Itochu Enex
- Abundant external growth opportunities based on the promising pipeline supply backed by stable property development capabilities of the Enex Group and Maiora as well as on the solid sourcing routes supported by their proven results
- Receipt of know-how on operation/management of renewable energy power generation facilities and of support in management of EII.
- Stabilization of finances by building a solid bank formation centering on Sumitomo Mitsui Trust Bank, Limited, the sponsor
2Investment in renewable energy power generation facilities centering on solar power generation facilities
- Focusing on the growing international interest in realizing a sustainable society and the possibility of expanding the introduction of renewable energy driven by the government's policies for its introduction
- Possible investment in renewable energy power generation facilities other than solar power generation facilities, such as wind power generation facilities and hydroelectric power generation facilities
- Investment ratio in the main investment assets (based on acquisition price)
Solar power generation facilities: 50% or more
Wind power generation facilities, hydroelectric power generation facilities and others: 50% or less
3Long-term stable cash flows supported by the management structure and rent scheme
- High rent-paying capabilities of lessees that use stable electricity sales obtained through a feed-in tariff scheme for renewable energy (hereinafter, the “FIT scheme”) as a source of rent payment.
- Stable cash flows based on a long-term lease agreement that stipulates a rent system which combines base rent and performance-linked rent, in principle, with lessees.
- With regard to acquired assets, EII separates risks of lessees' payment obligations from operators' credit risks by making special purpose companies which are independent of operators (the "Power Generation Operator (SPC)") the lessees.
- Reduction of risks of non-payment of rents due to bad weather and other risks, through a rent reserve account and additional contribution.