Canadian Solar, a leader company in North America in renewable energy developments and solutions, announced this Wednesday it signed long-term Operations and Maintenance (O&M) contracts for two solar plus storage projects in the U.S.
The projects are the Slate and the Mustang projects, both developed by Canadian Solar’s subsidiary Recurrent Energy. Goldman Sachs Renewable Power currently owns the projects. The agreements inked cover the entire Slate project, which has a 300 megawatts ac solar plant; paired with a 140 MW / 561 MWh battery energy storage system.
For the Mustang project, the contract only involves its storage component. The Mustang project is a 100 MWac solar plant retrofitted with a 75 MW / 300 MWh battery storage system. Both of these projects are located in Kings County, California.
Under the terms of the agreement, the company will be responsible for various O&M obligations across both projects. This would include plant monitoring, NERC registration, performance management, and preventative and corrective maintenance. Services provided by Canadian Solar will help the project to achieve more availability, minimize downtime, and increase its value.
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Canadian Solar to grow its O&M services portfolio
On the other hand, the contracts solidify the company’s position as an O&M services provider. Canadian Solar now has 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.
Moreover, the projects under such portfolio include both Canadian Solar-developed as well as third-party-developed projects. In fact, the company expects to grow and scale its O&M business. It is targeting 11 GWp of operational solar projects by 2025.
Dr. Shawn Qu, Chairman, and CEO of Canadian Solar said. “As we expand our market leadership position from solar energy into battery storage project development and systems integration, offering operations and maintenance services in battery storage is a natural extension of Canadian Solar’s value proposition.”
Finally, he also remarked. “We will continue to add value to our customers by providing the best quality service, maximize production of clean, renewable energy, and enhance the value of solar and battery storage assets through our O&M services. We are delighted to be selected by Goldman Sachs to provide O&M services to both the Mustang and Slate solar and storage projects and look forward to the long-term partnership.”
