Jade Power Trust
TNSTF
Other OTC- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- David A. Barclay
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- Brookfield Place Toronto ON Canada M5J 2T9
- IPO Date
- Mar 29, 2017
- Website
- jadepower.com
- Similar Companies
- Business
- Jade Power Trust (TSXV: JPWR.H; OTC: TNSTF) is a Canada-based open-ended limited purpose trust focused on the development and generation of energy from renewable sources. Previously engaged in operating hydroelectric facilities, solar photovoltaic parks, and onshore wind parks primarily in Romania through direct and indirect subsidiaries in Canada, the Netherlands, and Romania, the Trust sold its multi-asset renewable portfolio totaling 81 MW—including two wind parks, two solar assets, and two hydroelectric plants—to Enery in 2023 and currently does not have significant operations. It generates revenue historically from the sale of electricity and EU Green Certificates to industrial enterprises under long-term offtake agreements. Founded in 2014 and headquartered at 181 Bay Street, Suite 1800, Toronto, Ontario, the Trust formerly known as Blockchain Power Trust changed its name in October 2019. Its former business segments encompassed hydro projects such as Rott, Zagra, and Suha; solar projects; and wind projects, with operations generating stable cash flows in emerging European markets. The Trust targets independent power production with a low greenhouse gas emissions footprint. Recent developments include the completion of a private placement of 6,666,652 units at $0.075 per unit in September 2024 for net proceeds of $460,137; the issuance of 3,284,334 units upon warrant exercises for $328,433 proceeds during the nine months ended September 30, 2025; and the expiration of 3,382,333 warrants in the same period. In August 2024, the Trust appointed independent director Christopher MacIntyre to its board, citing his expertise in corporate development and project finance to support business strategy execution. Further board changes encompassed the appointment of Bruce McCannel in April 2025, resignation of John Huxley in May 2024, a stock option grant in May 2025, approval of a unit option plan in December 2025, and results from the annual and special meeting of unitholders held on December 8, 2025. The Trust reported no revenues and a net loss for the three and nine months ended September 30, 2025, reflecting its current non-operational status post-asset sale.