Canadian Solar has signed Operations & Maintenance (O&M) agreements with two solar PV plus battery storage projects in the U.S., namely, the Slate and Mustang projects.
Canadian Solar’s subsidiary Recurrent Energy developed the Slate and Mustang projects. These solar PV plus battery storage projects are currently owned by Goldman Sachs Asset Management Renewable Power (Goldman Sachs).
The agreements cover the full Slate Project, which is a 300 MWac solar plant designed with a 140 MW / 561 MWh battery energy storage system; and the storage component of the Mustang Project, which is a 100 MWac solar plant retrofitted with a 75 MW / 300 MWh battery storage system. Both projects are located in Kings County, California.
Canadian Solar will be responsible for various O&M obligations across both projects, including plant monitoring, NERC registration, performance management and preventative and corrective maintenance. Canadian Solar services will help to increase site availability, minimize downtime and maximize the value of the projects.
Canadian Solar boasts with a global O&M portfolio of nearly 4 GWp of solar and 860 MWh of storage projects under contract across nine countries, of which 2.3 GWp of solar projects are currently in operation. These projects include both Canadian Solar as well as third-party developed projects.
Canadian Solar aims to scale its O&M business, targeting to reach 11 GWp of operational solar projects by 2025, expanding its share of stable income.