Recurrent Energy Completes Majority Sale of 1.4 GWh Energy Storage Reliability Project in California

该公司的第一个独立能源存储项目销售和一个关键的非发射可靠性资源

GUELPH, Ontario, September 8, 2021 Canadian Solar Inc. (“加拿大太阳能”或“公司”)(纳斯达克:CSIQ)今天宣布,其全资子公司, Recurrent Energy, LLC (“Recurrent Energy”), 将其350 MW / 1400 MWh Crimson存储项目的80%股份出售给Axium Infrastructure(“Axium”). Recurrent Energy will retain the remaining 20% ownership. 该存储项目将于2021年第三季度开始建设,预计将在2022年夏季前实现商业运营.

Crimson存储项目是加拿大太阳能公司的第一个独立存储项目,也是迄今为止开发的最大的一个. It holds two energy storage contracts with local utilities, namely:

  • 第一阶段:200兆瓦/ 800兆瓦时与南加州爱迪生公司(“SCE”)签订为期14年10个月的全面收费协议, and
  • Phase II: 150 MW / 600 MWh 15 year contract with Pacific Gas and Electric (“PG&E”) for Resource Adequacy only; Recurrent and Axium will operate the battery system in the wholesale California wholesale power market

Canadian Solar’s majority-owned CSI Solar subsidiary will provide both EPC (engineering, procurement, and construction) and long-term operational services for the Crimson storage project.

“全球致力于清洁能源转型的努力导致对电池存储能力的需求激增,以支持更可靠的电网. At Canadian Solar, 通过扩大十大正规网赌网址在电池存储领域的市场领导地位和执行十大正规网赌网址的管道,十大正规网赌网址尽了自己的一份力量,” said Shawn Qu, Chairman and CEO of Canadian Solar. “Through the Crimson storage project, 十大正规网赌网址正与十大正规网赌网址的合作伙伴Axium合作,通过提供急需的资源充足能力,以满足所有场景下的电力需求,帮助提高加州电网的可靠性和安全性. Once it reaches commercial operation, Crimson will be one of the largest battery energy storage projects in the world. We are pleased to work with Axium as we execute and complete the majority sale of the project.”

Crimson与加拿大太阳能和循环公司的合作标志着Axium在电池存储方面的首次投资. 这个重要的项目将支持其他可持续能源项目的整合,以帮助实现加州雄心勃勃的能源和气候变化目标,” said Thierry Vandal, President of Axium Infrastructure US Inc.

这两份合同都是加州公共事业委员会(“CPUC”)指导的可靠性采购的一部分。. Located in Riverside County, Crimson项目将支持加州的脱碳和可靠性目标,并提供额外的无排放, clean resource adequacy capacity. The U.S. 今年早些时候,美国内政部土地管理局(Bureau of Land Management)最终批准了该项目,因为该项目位于加州沙漠的公共土地上.


About Canadian Solar Inc.

加拿大太阳能公司于2001年在加拿大成立,是全球最大的太阳能技术和可正规买球十大平台之一. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, 以及公用事业规模的太阳能和电池存储项目的开发商,拥有地理上多样化的管道,处于不同的发展阶段. Over the past 20 years, Canadian Solar has successfully delivered over 59 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built, and connected over 6.1 GWp in over 20 countries across the world. Currently, the Company has around 400 MWp of projects in operation, nearly 6 GWp of projects under construction or in backlog (late-stage), and an additional 16 GWp of projects in pipeline (mid- to early- stage). 加拿大太阳能公司是太阳能和可再生能源行业最有价值的公司之一, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About Recurrent Energy (Canadian Solar Subsidiary)


Recurrent Energy is a leading utility-scale solar and storage project developer, delivering competitive, clean electricity to large energy buyers. Based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar Inc. and functions as Canadian Solar’s U.S. project development arm. Recurrent Energy has approximately 5 GW of solar and storage projects in development in the U.S. Additional details are available at www.www.jovenescr.com.

About Axium Infrastructure Inc.

Axium Infrastructure (comprised of Axium Infrastructure Inc. 及其附属实体)是一家独立的投资组合管理公司,致力于通过投资核心基础设施资产来产生长期投资回报. Axium Infrastructure had over US $5 billion in assets under management as of June 30, 2021, as well as approximately US$1.4 billion in co-investments. 公司得益于一群拥有数十年经验的专家的能力, developing, financing, operating and managing infrastructure assets. 重点是那些得到强劲市场需求支持并与信誉良好的交易对手签订长期合同的资产. Since 2010, 该公司已经投资了超过165个北美基础设施资产的多元化投资组合. For further information, including information about other infrastructure assets the firm has invested in, please visit www.axiuminfra.com.

Safe Harbor/Forward-Looking Statements 

Certain statements in this press release, including but not limited to the use of proceeds, 前瞻性陈述是否包含一些可能导致实际结果发生重大差异的风险和不确定性. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India, China and Brazil; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; delays in the process of qualifying to list the CSI Solar subsidiary in the PRC; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 19, 2021. 虽然本公司认为前瞻性陈述中反映的预期是合理的, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Canadian Solar Inc. Investor Relations Contacts

Isabel Zhang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

David Pasquale
Global IR Partners
Tel: +1-
csiq@globalirpartners.com

Recurrent Energy Media Relations Contact 

Sarah Bray
Innovant Public Relations
Tel: +1-
Sarah@InnovantPR.com

Axium Infrastructure Contact 

Anne-Sophie Roy
Investor Relations
Tel: +1-
asroy@axiuminfra.com

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