Around 60% of new solar projects planned in US utility service areas are hybrid resources paired with storage. Recurrent Energy’s Lucas Moller explains the appeal.
Canadian Solar’s project development subsidiary Recurrent Energy has sold a majority stake in its 350MW / 1,400MWh Crimson energy storage project currently awaiting the start of construction in California.
Canadian Solar has seen a “surge in demand for battery storage capacity,” CEO Dr Shawn Qu said, as the vertically-integrated solar PV company reported its latest quarterly financial results.
Vertically-integrated solar PV company Canadian Solar has been awarded a 45MW / 45MWh battery storage project by Colombia’s Ministry of Energy and Mines.
Recurrent Energy, the project development subsidiary of vertically-integrated solar PV company Canadian Solar, has claimed that it has 2.3GWh of battery storage projects in “late-stage development”.
Solar module manufacturer and developer Canadian Solar has launched a US$150 million fundraise to support its growth strategy and build out a substantial battery energy storage business.