KITCHENER, ON, Jan. 8, 2025 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has signed contracts with Copenhagen Infrastructure Partners (CIP), through its flagship fund CI IV. The contracts cover the delivery of 2 GWh DC of battery energy storage systems for two landmark projects in Scotland: the 1 GWh DC Coalburn 2 Project, situated in South Lanarkshire, adjacent to the existing Coalburn 1 Project, and the 1 GWh DC Devilla Project, located in Fife near Kincardine, north of Edinburgh. Each site will have a two-hour energy storage dispatch capability. Coalburn 2 and Devilla are both scheduled to start construction in 2027.

e-STORAGE, a tier 1 global provider of energy storage solutions, will supply and integrate approximately 450 SolBank 3.0 battery containers during the construction of both projects. e-STORAGE will also support the long-term facility performance and operational management of the projects under a long-term service agreement with CIP. The 2 GWh capacity delivered by the projects will provide enough energy to power approximately 250,000 homes for a full day, based on average UK electricity consumption. These transformative initiatives will play a pivotal role in stabilizing the grid, reducing carbon emissions, and driving the UK’s clean energy transition.

Coalburn 2 and Devilla are expected to collectively displace approximately 4.57 million metric tons of CO₂ emissions during their lifespan, making a significant contribution to combating climate change. The projects will enable the efficient transmission of renewable energy across the country, support offshore wind generation, and include environmental measures such as tree planting and habitat creation to enhance biodiversity.

Nischal Agarwal, partner at CIP, commented, “CIP’s latest investments in Scottish battery energy storage will support the UK’s pursuit of a clean power system by 2030 and delivering a net zero carbon economy by 2050. Well located battery storage, such as our Coalburn and Devilla projects enhance energy security, provide the grid with much-needed flexibility and enable low-cost renewables to be deployed faster.”

Colin Parkin, President of e-STORAGE, commented, “We are thrilled to continue our partnership with Copenhagen Infrastructure Partners, as they solidify their position as one of the UK’s largest battery storage investors, leading the way with these groundbreaking projects, the largest of their kind in Europe. The Coalburn 2 and Devilla batteries represent a transformative energy milestone for Scotland and the UK. e-STORAGE will be delivering 2 GWh of energy storage capacity, which will enhance grid stability, reduce network constraints, and unlock the potential of offshore wind energy.”

About e-STORAGE

e-STORAGE is a subsidiary of Canadian Solar and a leading company specializing in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications. e-STORAGE offers proprietary battery energy storage solutions, comprehensive EPC services, and innovative solutions aimed at improving grid operations. Currently, e-STORAGE operates two fully automated, state-of-the-art manufacturing facilities with an annual battery production capacity of 20 GWh. For more info, please refer to the Media&PR section of www.csestorage.com and follow our LinkedIn page.

About Copenhagen Infrastructure Partners

Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X. In the UK, CIP is investing in over 30 GW of renewable energy infrastructure, representing over £15 Billion of future investment potential.

CIP manages 12 funds and has to date raised approximately EUR 31 billion for investments in energy and associated infrastructure from more than 180 international institutional investors. CIP has approximately 500 employees and 14 offices around the world. For more information, visit www.cip.com.