By : Franyi Sarmiento, Ph.D., Inspenet, July 29, 2022
PV module producer Canadian Solar announced the sale of two UK solar PV generation and storage battery projects to specialist alternative asset manager Gresham House.
The two projects comprise a facility located in Durham, with a solar capacity of 50 MW and 38 MW (or 76 MWh) in storage batteries; in addition to an independent solar project in Warwickshire, of 28 MW.
Both companies aim to continue prioritizing renewable projects; where solar PV and battery storage plants are built together and share the same grid connection infrastructure.
According to Canadian Solar, these projects provide economic advantages, particularly in the form of shared capital and operating costs; as well as significant benefits to the UK network by improving system reliability. Also, there will be a greater integration of renewable energies, with which the United Kingdom will meet its objectives of zero carbon emissions.
In this regard, Shawn Qu, President and CEO of Canadian Solar, commented: “The execution of this transaction demonstrates again our experience in the development of energy storage; and in the recognized value of our portfolio of facilities in the United Kingdom, one of our main markets. We are pleased to partner with Gresham House, whose undisputed position as one of the leading renewables investors in the country certifies the great appreciation of our project development, operation and maintenance capabilities.”
This material from the EnergiaHoy portal was edited for clarity, style and length.
Loading...
