CANADIAN SOLAR’S CSI ENERGY STORAGE EXPANDS SUPPLY AGREEMENT WITH BLACKSTONE-BACKED AYPA POWER FOR 363 MWH TEXAS STORAGE PROJECT
The availability settlement introduced as we speak expands CSI Vitality Storage’s partnership with Aypa Energy. In February, the businesses introduced that they’d executed a contract for 487 MWh of power storage merchandise to help Aypa Energy’s Cald mission in Southern California. With as we speak’s announcement, CSI Vitality Storage will serve Aypa Energy with a complete of 850 MWh of battery power storage.
Canadian Photo voltaic Inc. (the “Firm” or “Canadian Photo voltaic”) (NASDAQ: CSIQ) introduced as we speak that CSI Vitality Storage, a part of its majority-owned subsidiary CSI Photo voltaic Co., Ltd. (“CSI Photo voltaic”), will ship 363 MWh of battery power merchandise to the Aypa Energy mission in Texas. The mission is predicted to achieve industrial operation in Q2 2024.
The availability settlement introduced as we speak expands CSI Vitality Storage’s partnership with Aypa Energy. In February, the businesses introduced that they’d executed a contract for 487 MWh of power storage merchandise to help Aypa Energy’s Cald mission in Southern California. With as we speak’s announcement, CSI Vitality Storage will serve Aypa Energy with a complete of 850 MWh of battery power storage.
Dr. Shawn Qu, Chairman and CEO of Canadian Photo voltaic, mentioned, “Aypa Energy has one of many strongest pipelines of standalone power storage initiatives in all of North America and CSI Vitality Storage is happy to be a trusted accomplice as Aypa continues to implement its late-stage power storage and hybrid growth initiatives. We stay up for bringing these two impactful initiatives on-line to help the quickly increasing power storage market in america United.”
Moe Hajabed, CEO of Aypa Energy, mentioned “We’re excited to increase our partnership with CSI Vitality Storage. This provide settlement is a crucial step in our efforts to deliver dependable and sustainable power to California and Texas With our mission growth and operations experience mixed with Canadian Photo voltaic’s main expertise, we are able to meet the rising demand for power storage within the US. Collectively, we are going to drive innovation and speed up the transition to to a cleaner, extra secure grid.”
The mission will use CSI Vitality Storage’s SolBank, a proprietary battery power storage answer designed and manufactured for utility-scale purposes. CSI Vitality Storage has deployed about 2.7 GWh of battery power storage options thus far throughout america, Canada, the UK, and China. Till January 31, 2023, the entire pipeline of CSI Vitality Storage reached virtually 25 GWh.
About Canadian Photo voltaic Inc.
Canadian Photo voltaic was based in 2001 in Canada and is likely one of the largest photo voltaic expertise and renewable power corporations on this planet. It’s a main producer of photo voltaic photovoltaic modules, supplier of photo voltaic power and battery storage options, and developer of utility-scale solar energy and battery storage initiatives with a geographically diversified pipeline in varied phases of growth. Over the previous 22 years, Canadian Photo voltaic has efficiently delivered round 88 GW of premium high quality, photo voltaic photovoltaic modules to clients all over the world. Likewise, since getting into the mission growth enterprise in 2010, Canadian Photo voltaic has developed, constructed and related round 8.8 GWp in additional than 20 international locations all over the world. At present, the Firm has roughly 574 MWp of initiatives in operation, 6.7 GWp of initiatives beneath development or within the backlog (late-stage), and an extra 18 GWp of initiatives in superior and early- stage pipeline. Canadian Photo voltaic is likely one of the most bankable corporations within the photo voltaic and renewable power trade, publicly listed on NASDAQ since 2006. For extra details about the Firm, observe Canadian Photo voltaic on LinkedIn or go to www. canadiansolar.com.
About Aypa Energy
Aypa Energy is a Blackstone portfolio firm that develops, owns, and operates utility-scale power storage and hybrid renewable power initiatives. As an unbiased electrical energy producer, the corporate was based with a mission to scale back dependence on fossil fuels, combat local weather change, and enhance the reliability and stability of the grid. Aypa has been on the forefront of power storage growth since their first power storage mission got here on-line in 2018. The corporate presently has greater than 15GW in growth throughout North America. For extra data, observe Aypa Energy on LinkedIn or go to www.aypa.com.
