Return to Today's Publications

 

Newsletter:
Date Range (YYYY-MM-DD) -
Company, Industry or Technology:
  Search Tips


CSI Solar, Crimson Ink Solar+Storage Contract (Ind. Report)
Canadian Solar Inc
Date: 2021-09-15
Guelph, Ontairi-headquartered Canadian Solar Inc. reports its majority-owned subsidiary, CSI Solar Co., Ltd. has closed a 350 MW / 1400 MWh EPS contract to provide the fully-integrated battery storage system and maintenance service to Recurrent Energy's stand-alone battery storage project in Riverside County, California.

CSI Solar will supply and construct a fully bankable, lithium iron phosphate-based technology battery system which is expected to reach commercial operation by the summer of 2022. In addition, CSI Solar will support the battery storage system with 15-year service agreements as well as capacity and performance guarantees,

The Crimson storage project is 80 pct owned by Axium Infrastructure -- an independent portfolio management firm dedicated to generating long- term investment returns through investing in core infrastructure assets in North America -- and 20 pct owned by Recurrent Energy -- Canadian Solar's wholly-owned subsidiary. Crimson holds two 15-year stand-alone storage contracts with local utilities Southern California Edison and Pacific Gas and Electric.

CSI Solar will supply and construct a fully bankable, lithium iron phosphate-based technology battery system which is expected to reach commercial operation by the summer of 2022. In addition, CSI Solar will support the battery storage system with 15-year service agreements as well as capacity and performance guarantees, ensuring system output, safety and reliability. The long term service agreement includes the operation and maintenance of the battery systems as well as their future augmentation services. The project will be augmented with planned additional installed battery capacity of approximately 300 MWh to be installed on regular frequencies over the 15-year term of the long term service contract. (Source: Canadian Solar, Website PR, 9 Sept., 2021) Contact: Canadian Solar Inc., Isabel Zhang, Investor Relations, investor@canadiansolar.com, www.canadiansolar.com; Recurrent Energy, www.recurrentenergy.com; Axium Infrastructure, Anne-Sophie Roy, VP, 514-954-3781 asroy@axiuminfra.com, www.infrastructure.com

More Low-Carbon Energy News Canadian Solar Inc,  Solar+Storage,  


Canadian Solar Inks U.S. Solar+Storage O&M Agreements (Ind. Report)
Canadian Solar,Recurrent Energy
Date: 2021-09-08
Guelph, Ontario-headquartered Canadian Solar Inc. reports it has entered into long-term operations & maintenance (O&M) agreements with the Slate and Mustang solar PV plus battery storage projects in Kings County, California. The projects were both developed by Canadian Solar's subsidiary Recurrent Energy and are currently owned by Goldman Sachs Asset Management Renewable Power.

The agreements cover the full Slate Project, which is a 300 MW AC solar plant designed with a 140 MW / 561 MWh battery energy storage system. It also covers the storage component of the Mustang Project, which is a 100 MW AC solar plant retrofitted with a 75 MW / 300 MWh battery storage system. Canadian Solar O&M work will include plant monitoring, NERC registration, performance management, and preventative and corrective maintenance. (Source: Canadian Solar Inc., PR, 7 Sept., 2021) Contact: Canadian Solar Inc., Isabel Zhang, Investor Relations, investor@canadiansolar.com, www.canadiansolar.com; Recurrent Energy, www.recurrentenergy.com Canadian Solar Inc.,

More Low-Carbon Energy News Recurrent Energy,  Canadian Solar,  Solar+Storage ,  


Recurrent Energy Amps Up Battery Storage Projects (Ind. Report)
Recurrent Energy,Canadian Solar
Date: 2021-06-23
Guelph, Ontario-based Recurrent Energy, LLC, a utility-scale solar and storage project developer and wholly-owned subsidiary of Canadian Solar Inc.(CSI), reports it has expanded its U.S. energy storage footprint with several battery energy storage systems (BESS) contracted to be built in California in 2021 and 2022. These projects span retrofits as-a-service, solar plus storage PPAs, and stand-alone storage tolling agreements.

With a pipeline of around 11 GWh of battery storage projects across the U.S., of which 2.3 GWh are in late-stage development, Recurrent Energy has been actively developing both PV solar plus energy storage and standalone storage projects since 2014. In collaboration with Recurrent Energy's project development team, Canadian Solar's majority-owned CSI solar subsidiary delivers competitive, highly bankable and fully-integrated battery storage solutions to support the recent acceleration in demand. Canadian Solar's global project development business -- Global Energy Group -- continues to expand and focus on energy storage, with a combined total pipeline of more than 5,328 MW / 16,875 MWh, according to the release. (Source: Recurrent Energy, PR, 22 June, 2021) Contact: Canadian Solar Inc. , Isabel Zhang, Investor Relations, investor@canadiansolar.com, www.canadiansolar.com; Recurrent Energy, www.recurrentenergy.com

More Low-Carbon Energy News Recurrent Energy,  Canadian Solar,  Energy Storage,  Solar+Storage,  Solar,  


$98Mn Solar Farm Planned for Louisiana (Ind. Report)
Bayou Galion Solar Project
Date: 2021-03-24
Recurrent Energy Development Holdings and Canadian Solar subsidiary Bayou Galion Solar Project LLC has proposed construction of a 98.1-MW, 1,000 acre solar farm near Bastrop, Morehouse Parish, Louisiana. If constructed, the project could supply sufficient power for as many as 21,000 homes and support 150 construction jobs starting in July 2022.

The company is seeking an 80 pct property tax abatement for 10 years through the Louisiana Industrial Tax Exemption Program. (Source: Louisiana Economic Dev. Office, The Advocate, Mar., 2021) Contact: Louisiana Economic Dev. Office, 225-342-3000, www.opportunitylouisiana.com; Bayou Galion Solar Project LLC, www.opencorporates.com/companies/us_la/42281315Q

More Low-Carbon Energy News Solar,  


Arizona Solar Co-op Selects Rooftop Solar Provider (Ind. Report)
Solar,Solar United Neighbors
Date: 2021-03-24
In Arizona, Solar United Neighbors (SUN) reports Northern Arizona Solar Co-op's 160 members have selected Rooftop Solar to install solar panels.

SUN expands access to solar by educating Arizona residents about the benefits of distributed solar energy, helping them to organize group solar purchases, strengthening Arizona solar policies and building a community of solar supporters. Local partners of the Northern Arizona Solar Co-op include the City of Flagstaff, City of Sedona, and Coconino County.

Not-for-profit Solar United Neighbors works in Arizona and nationwide to represent the needs and interests of solar owners and supporters. Solar co-ops are part of the organization's mission to create a new energy system with rooftop solar at the cornerstone. Solar United Neighbors holds events and education programs to help people become informed solar consumers, maximize the value of their solar investment, and advocate for fair solar policies. (Source: Northern Arizona Solar Co-op, PR, Flagstaff Bus., 21 Mar., 2021) Contact: Rooftop Solar, Derek Turner, VP Marketing, Northern Arizona Solar Co-op, coops.solarunitedneighbors.org; Solar United Neighbors, www.solarunitedneighbors.org

More Low-Carbon Energy News Canadian Solar,  Recurrent Energy,  Solar,  


Recurrent Energy Breaks Ground on One of the Largest Solar+Storage Projects in U.S. (Ind. Report)
Canadian Solar,
Date: 2021-01-22
Guelph, Ontario-based Canadian Solar Inc. reports its wholly-owned utility scale solar project developer subsidiary Recurrent Energy, LLC has completed the sale of the Slate project to Goldman Sachs Renewable Power.

The Slate project is a 300 MW solar plus 140.25 MW / 561 MWh storage project located in Kings County, California, and has begun construction.

Canadian Solar's majority-owned energy storage subsidiary, System Solutions and Energy Storage will provide the project's battery storage integration solution. The project has signed PPAs with five different off-takers -- four solar and energy storage and one solar-only.

Recurrent Energy, which functions as Canadian Solar's U.S. project development arm, has approximately 5 GW of solar and storage projects in development in the U.S. (Source: Canadian Solar, Website PR, 13 Jan., 2021) Contact: Rercurrent Energy, www.recurrentenergy.com; Canadian Solar, www.canadiansolar.com

More Low-Carbon Energy News Canadian Solar,  Recurrent Energy,  Solar,  


Recurrent Breaks Ground on Major Solar+Storage Project (Ind. Report)
Recurrent Energy
Date: 2021-01-22
Guelph, Ontario-based Canadian Solar Inc. reports its wholly-owned utility scale solar project developer subsidiary Recurrent Energy, LLC has completed the sale of the Slate project to Goldman Sachs Renewable Power. The Slate project is a 300 MW solar plus 140.25 MW / 561 MWh storage project located in Kings County, California, and has begun construction.

Canadian Solar's majority-owned energy storage subsidiary, System Solutions and Energy Storage will provide the project's battery storage integration solution. The project has signed PPAs with five different off-takers.

Recurrent Energy, which functions as Canadian Solar's U.S. project development arm, has approximately 5 GW of solar and storage projects in development in the U.S. (Source: Canadian Solar, Website PR, 13 Jan., 2021) Contact: Canadian Solar, Rercurrent Energy, www.recurrentenergy.com; Canadian Solar, www.canadiansolar.com

More Low-Carbon Energy News Recurrent Energy news,  Energy Storage news,  Solar+Storage news,  


Canadian Solar's Pflugerville, TX Project Underway (Ind. Report)
Canadian Solar,Recurrent Energy
Date: 2020-08-19
Guelph, Ontario-headquartered Canadian Solar reports construction is underway on the 144MW Pflugerville solar project, in Travis County . Texas. The project, which has a 15-year power purchase agreement with Austin Energy, is being developed by Canadian Solar subsidiary Recurrent Energy which recently closed debt and tax equity financing totalling over $234m to go towards financing the project’s construction. (Source: Canadian Solar, PR, Aug., 2020) Contact: Canadian Solar, www.canadiansolar.com; Recurrent Energy, www.recurrentenergy.com

More Low-Carbon Energy News Canadian Solar,  Recurrent Energy,  


Recurrent Energy TX Solar Projects Close on Funding (Ind. Report)
Canadian Solar,Recurrent Energy
Date: 2020-07-22
Guelph, Ontario-based Canadian Solar Inc. reports its wholly-owned subsidiary Recurrent Energy, LLC has closed $282 million of debt financing for construction of its Maplewood and Maplewood 2 solar projects, in Pecos County, West Texas. The financing was provided by a bank clubled by Norddeutsche Landesbank (Nord/LB), which included Export Development Canada , Rabobank, National Bank of Canada and Bayerische Landesbank

The 327MW Maplewood Solar Project will deliver clean energy to Anheuser-Busch under a PPA contributing to the brewer's 2025 sustainability goals for the United States, which include a 100 percent renewable purchased electricity target and a 25 percent reduction of carbon dioxide emissions across its supply chain.

The projects will utilize Canadian Solar's high efficiency bifacial moduleswhich, relative to traditional monofacial modules,produce electricity from both sides of the panel thereby increasing total energy generation and improving reliability during winter months. (Source: Canadian Solar, PR, Website, 21 July, 2020) Contact: Canadain Solar, www.canadiansolar.com; Recurrent Energy, www.recurrentenergy.com

More Low-Carbon Energy News Canadian Solar,  Recurrent Energy,  Solar,  


Stanford Planning 100 pct Solar Energy by 2021 (Ind. Report)
Recurrent Energy
Date: 2018-12-05
In the Golden State, Stanford University is reporting a second solar-generating plant that is slated for construction within the next three years will complete the university's transition to clean power and further shrink campus greenhouse gas emissions.

To that end, Stanford has contracted with Recurrent Energy for an 88-MW solar photovoltaic plant to be constructed in central California, near Lemoore. The plant is scheduled to go online in late 2021. The new solar plant, to be known as Stanford Solar Generating Station #2, is projected to reduce GHG emissions to 80 pct below peak levels four years ahead of the university's long-range plan.

California enacted legislation earlier this year that requires electricity to be 100 pct carbon-free by 2045. (Source: Stanford University, Dec., 2018)Contact: Stanford University, E.J. Miranda, University Communications: (650) 724-9161, ejmirand@stanford.edu, www.stanford.edu; Recurrent Energy, (415) 675-1500, www.recurrentenergy.com

More Low-Carbon Energy News Solar,  Recurrent Energy,  

Showing 1 to 10 of 10.