Canadian Solar Infrastructure Fund (TYO:9284) has revised its earnings forecasts for the fiscal periods ending June 30, and Dec. 31, after an acquisition of a solar energy project for 3.98 billion yen, according to its filing with the Tokyo Stock Exchange on Friday.

For the half-year ending June, operating revenue is now projected at 4.68 billion yen, with distributions per unit adjusted to 2,999 yen plus 282 yen in excess distributions, totaling 3,281 yen.

For six months to December, operating revenue is now forecasted at 4.63 billion yen, with distributions per unit revised to 3,229 yen. These changes are due to expected adjustments over 5% in the distribution assumptions, primarily because of a new asset acquisition.

In a separate filing, Canadian Solar Infrastructure Fund said it acquired and leased a solar energy project from Erable Infra Fund, a related party under the Asset Manager's rules.

In another filing, the Fund plans to borrow 4.3 billion yen to finance part of the acquisition and related expenses, with the loan arranged by a syndicate led by MUFG Bank, maturing five years from the drawdown date.