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 a contract with Copenhagen Infrastructure Partners ("CIP") through its fifth flagship fund Copenhagen Infrastructure V to deliver 240 MW/960 MWh battery energy storage systems in Summerfield, South Australia. Summerfield, expected to start construction in 2025, will be one of South Australia's largest battery energy storage projects.
e-STORAGE, a tier 1 global provider of energy storage solutions, will provide turnkey EPC services, supplying and integrating over 200 SolBank 3.0 battery containers. e-STORAGE will also support the long-term performance and operational management of the projects under a long-term service agreement with CIP. e-STORAGE has a strong and experienced project delivery team in Australia, with several BESS projects already delivered or under construction.
Located in Murraylands, 55 kilometers east of Adelaide near Mannum, the project will support the South Australian Government's target of 100% net renewable energy by 2027 by storing excess wind and solar energy generated during the day and supplying renewable power during peak demand periods.
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Download free sample pagesJørn Hammer, Partner and Head of Copenhagen Infrastructure Partners (CIP) Australia, said, "This is a significant milestone for the Summerfield project and CIP's broader renewable energy pipeline in Australia. Australia needs large-scale battery energy storage solutions to stabilize the grid and deliver affordable power to homes and businesses when needed most. We are proud to work with Canadian Solar's e-STORAGE to support the South Australian Government's 100% renewable energy ambitions."
Colin Parkin, President of e-STORAGE, added, "We are honored to be selected by Copenhagen Infrastructure Partners (CIP) for the Summerfield project, a testament to e-STORAGE's proprietary cutting-edge battery technology and our strong execution capabilities. This project will make a significant contribution to South Australia's target of 100% renewable electricity generation by 2027. With over 1.5 GWh of BESS under construction in Australia, e-STORAGE continues to establish itself as a leading product and service supplier in the region."
