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Canadian Photo voltaic Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) in the present day introduced that e-STORAGE, which is a part of the Firm’s majority-owned subsidiary CSI Photo voltaic Co., Ltd. (“CSI Solar”), has secured a contract from Nova Scotia Energy to develop flagship vitality storage initiatives throughout three places in Nova Scotia, Canada: Bridgewater, Waverley, and White Rock.
The initiatives, totaling 150 MW / 705 MWh DC, will play a vital position in enhancing grid reliability and stability, supporting the province’s transition to cleaner vitality. Building might be accomplished by the top of 2026, and the primary website anticipated to be operational in 2025. e-STORAGE will present complete engineering, procurement, and building (EPC) providers together with long-term service agreements (LTSA).
e-STORAGE’s experience in engineering utility-scale battery vitality storage techniques ensures the initiatives meet the very best security requirements and regulatory necessities. With cutting-edge applied sciences and rigorous security protocols, e-STORAGE addresses the growing demand for vitality storage options whereas making certain group security and grid reliability.
e-STORAGE has shipped greater than 5 GWh of battery vitality storage options throughout North America, Europe, and Asia Pacific markets. As a Canadian firm, Canadian Photo voltaic takes satisfaction in leveraging its international experience and capabilities to empower Canadian companies in transitioning to a sustainable vitality future. As international demand for superior vitality options continues to rise, e-STORAGE is scaling up manufacturing to satisfy the evolving wants of purchasers and companions.
Peter Gregg, President of Nova Scotia Energy, commented, “We look forward to collaborating with communities and project partners to ensure these projects provide the most cost-effective value to our customers. These grid-scale battery energy storage projects will help maintain system reliability during Nova Scotia’s clean energy transition, delivering safe and clean energy when needed.”
Colin Parkin, President of e-STORAGE, added, “We are thrilled to partner with Nova Scotia Power on these innovative energy storage projects, contributing to provincial and federal targets of achieving 80% renewables by 2030. As Canadians, we are committed to making a significant environmental impact at home while empowering our clients to shift electricity generation to long-term renewable energy sources. We are proud to be setting a precedent for North America, creating local jobs, and enhancing grid reliability.”
About Canadian Photo voltaic Inc.
Canadian Photo voltaic was based in 2001 in Canada and is without doubt one of the world’s largest photo voltaic expertise and renewable vitality corporations. It’s a main producer of photo voltaic photovoltaic modules, supplier of photo voltaic vitality and battery vitality storage options, and developer of utility-scale solar energy and battery vitality storage initiatives with a geographically diversified pipeline in varied phases of improvement. Over the previous 23 years, Canadian Photo voltaic has efficiently delivered over 125 GW of premium-quality, photo voltaic photovoltaic modules to clients internationally. Likewise, since getting into the undertaking improvement enterprise in 2010, Canadian Photo voltaic has developed, constructed, and linked over 10 GWp of solar energy initiatives and three.3 GWh of battery vitality storage initiatives internationally. At the moment, the Firm has over 1.2 GWp of solar energy initiatives in operation, 6.5 GWp of initiatives underneath building or in backlog (late-stage), and an extra 19.8 GWp of initiatives in superior and early-stage pipeline. As well as, the Firm has 600 MWh of battery vitality storage initiatives in operation and a complete battery vitality storage undertaking improvement pipeline of round 56 GWh, together with roughly 4.3 GWh underneath building or in backlog, and an extra 51.6 GWh at superior and early-stage improvement. Canadian Photo voltaic is without doubt one of the most bankable corporations within the photo voltaic and renewable vitality trade, having been publicly listed on the NASDAQ since 2006.
Supply: Canadian Photo voltaic Inc.
