Canadian Solar's e-STORAGE Wins Agreements for Two US Battery Energy Projects
MT Newswires Live03-06
Canadian Solar (CSIQ) said Thursday e-STORAGE, part of its majority-owned CSI Solar subsidiary, has won battery supply and long-term service agreements for two major US battery energy storage projects, developed by Aypa Power.
Financial terms weren't disclosed.
The agreements cover the supply and commissioning of a 160 megawatt battery energy storage system in California and a 200 megawatt project in Texas, the company said.
The projects will use about 370 SolBank 3.0 units, with construction expected to begin in Q3, the company said.
Following commissioning, e-STORAGE will oversee maintenance and operations under a 20-year agreement, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
