{"id":836,"date":"2021-09-10T16:55:58","date_gmt":"2021-09-10T07:55:58","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=836"},"modified":"2021-09-10T16:55:58","modified_gmt":"2021-09-10T07:55:58","slug":"canadian-solar-signs-operations-maintenance-agreements-with-solar-plus-battery-storage-projects-in-the-u-s","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2021\/836.html","title":{"rendered":"CANADIAN SOLAR SIGNS OPERATIONS & MAINTENANCE AGREEMENTS WITH SOLAR PLUS BATTERY STORAGE PROJECTS IN THE U.S."},"content":{"rendered":"

GUELPH, ON,\u00a0Sept. 7, 2021\u00a0\/PRNewswire\/ —\u00a0Canadian Solar Inc.<\/a>\u00a0<\/span>(the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ) today announced that it has signed long-term Operations & Maintenance (O&M) agreements with two solar PV plus battery storage projects in the\u00a0U.S., namely, the Slate and Mustang projects which were both developed by\u00a0Canadian Solar’s\u00a0subsidiary\u00a0Recurrent Energy<\/a><\/span>\u00a0and are currently owned by\u00a0Goldman Sachs Asset Management Renewable Power\u00a0(Goldman Sachs).<\/p>\n

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The agreements cover the full\u00a0Slate 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\u00a0Mustang Project, which is a 100 MWac solar plant retrofitted with a 75 MW \/ 300 MWh battery storage system. Both projects are located in\u00a0Kings County, California. Under the long-term agreements,\u00a0Canadian Solar\u00a0will be responsible for various O&M obligations across both projects, including plant monitoring, NERC registration, performance management and preventative and corrective maintenance.\u00a0Canadian Solar\u00a0services will help to increase site availability, minimize downtime and maximize the value of the projects.<\/p>\n

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These contracts further solidify\u00a0Canadian Solar’s\u00a0position 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\u00a0Canadian Solar\u00a0as 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.<\/p>\n

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Dr.\u00a0Shawn Qu, Chairman and CEO of\u00a0Canadian Solar\u00a0said, “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\u00a0Canadian Solar’s\u00a0value proposition. We will continue to add value to our customers by providing the best quality service, maximize 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.”<\/p>\n

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About\u00a0Goldman Sachs Asset Management Renewable Power<\/h4>\n

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within\u00a0Goldman Sachs\u00a0(NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market\u2014overseeing more than\u00a0$2.3 trillion\u00a0in assets under supervision worldwide as of\u00a0June 30, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure.\u00a0 Established in 2017, the\u00a0Renewable Power\u00a0business within Goldman Sachs Asset Management has sponsored more than 800 solar projects across 27 U.S. states that collectively have a capacity of more than 2.3 gigawatts of clean, renewable power. We take a long-term ownership approach to the operations and management of renewable assets with a leading industry expertise across transaction sourcing, financial analysis, power markets and physical asset analysis and operations. Follow us on\u00a0LinkedIn<\/a><\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"

GUELPH, ON,\u00a0Sept. 7, 2021\u00a0\/PRNewswire\/ —\u00a0Canadian Solar Inc.\u00a0(the “Company”, or “Canad […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-836","post","type-post","status-publish","format-standard","hentry","category-releases"],"_links":{"self":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/comments?post=836"}],"version-history":[{"count":2,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/836\/revisions"}],"predecessor-version":[{"id":838,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/836\/revisions\/838"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}