Canadian Solar signs new solar and battery storage agreements
Published by Bella Weetch,
Editorial Assistant
Energy Global,
Canadian Solar Inc. (Canadian Solar) announced that it has signed long-term Operations & Maintenance (O&M) agreements with two solar photovoltaic (PV) and battery storage projects in the US, namely, the Slate and Mustang projects which were both developed by Canadian Solar's subsidiary Recurrent Energy and are currently owned by Goldman Sachs Asset Management Renewable Power (Goldman Sachs).
The agreements cover the full Slate Project, which is a 300 MWac solar plant designed with a 140 MW/561 MWh battery energy storage system; and the storage component of the Mustang Project, which is a 100 MWac solar plant retrofitted with a 75 MW/300 MWh battery storage system. Both projects are located in Kings County, California. Under the long-term agreements, Canadian Solar will be responsible for various O&M obligations across both projects, including plant monitoring, NERC registration, performance management and preventative and corrective maintenance. Canadian Solar services will help to increase site availability, minimise downtime and maximise the value of the projects.
These contracts further solidify Canadian Solar's position as a leading solar and energy storage O&M provider. The Company now boasts with a global O&M portfolio of nearly 4 GWp of solar and 860 MWh of storage projects under contract across nine countries, of which 2.3 GWp of solar projects are currently in operation. These projects include both Canadian Solar as well as third-party developed projects. The company expects to meaningfully scale its O&M business, targeting to reach 11 GWp of operational solar projects by 2025, expanding its share of stable income.
Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar said, "As we expand our market leadership position from solar energy into battery storage project development and systems integration, offering operations and maintenance services in battery storage is a natural extension of Canadian Solar's value proposition. We will continue to add value to our customers by providing the best quality service, maximise production of clean renewable energy and enhance the value of solar and battery storage assets through our O&M services. We are delighted to be selected by Goldman Sachs to provide O&M services to both the Mustang and Slate solar and storage projects and look forward to the long-term partnership."
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Summer 2021 issue
The Summer issue of Energy Global features a varied spectrum of in-depth technical articles detailing recent projects, future projections, and technological advancements in the renewables sector, from companies including CEWEP, Enel Green Power, Turboden S.p.A., Cornwall Insight, and more.
Read the article online at: https://www.energyglobal.com/energy-storage/08092021/canadian-solar-signs-new-solar-and-battery-storage-agreements/
You might also like
SBM Offshore and Technip Energies sign partnership agreement to form EkWiL
SBM Offshore and Technip Energies have signed a memorandum of understanding for the creation of a floating offshore wind joint venture entity, EkWiL.