Matrix Renewables buys Gaskell West 2 and 3 project from Recurrent Energy

Canadian Solar PV manufacturing

Canadian Solar subsidiary Recurrent Energy will sell the Gaskell West 2 and 3 project of 105 MWac solar plus 80 MWh energy storage to Matrix Renewables, the TPG Rise-backed renewable energy platform.

The Gaskell West 2 and 3 project is located in Kern County, California, and is contracted holding five long term power purchase agreements with cities and utilities in California.  The solar plus storage project is expected to reach commercial operation in late 2022, Canadian Solar said.

Canadian Solar’s subsidiary CSI Solar will support the project by providing the turnkey battery storage solution for the 80 MWh storage part of the project. CSI Solar will support the battery storage system with capacity and performance guarantees.

Matrix Renewables has been expanding its presence in the United States, its sixth country of operations, and opened its U.S. headquarters in Miami, Florida in August 2021.

“Through this project, we are growing our presence in the U.S., drawing from Matrix Renewables’ ambitions to become a major renewables platform across the U.S., Europe and Latin America,” Cindy Tindell, Managing Director and Head of U.S. for Matrix Renewables, said.

Shawn Qu, Chairman and CEO of Canadian Solar, said: “Co-locating energy storage with solar is critical to providing affordable, dispatchable and clean renewable electricity, especially during peak demand hours in the evening, thereby increasing the value of our projects.”