Wood Mackenzie welcomes Canadian Solar as a development partner for its industry-leading Lens®. Canadian Solar is the latest company to collaborate with Wood Mackenzie to connect the dots in the analysis of data.
Wood Mackenzie Co-president’s Statement
Joe Levesque, Co-president for Wood Mackenzie states, that battery storage capacity and hybrid solar-storage are on steep growth trajectories; as organizations look to capture the energy produced from renewable technologies to meet peak demand for electricity.
“Canadian Solar is an important development partner for us, as it is in a unique and specialized position as a solar PV manufacturer and a large-scale solar and energy storage project developer. The insights its team will provide will further support our delivery of key data in what is an increasingly high activity segment, at a time of significant pressure in others.”
Moreover, it is reported that Canadian Solar has one of the world’s largest and most geographically diversified utility-scale solar and energy storage project development platforms. In addition, it has a strong track record of originating, developing, financing and building over 6.3 GWp of solar power plants across six continents.
Canadian Solar CEO’s Statement
Dr. Shawn Qu, Chairman, and CEO of Canadian Solar; mentioned that energy storage technology will be a critical enabler of the solar PV market going forward. Furthermore, understanding the hybrid solar-storage project economics will give them a growth advantage to develop cost-effective, end-to-end integrated dispatchable solar energy solutions.
“We look forward to working with Wood Mackenzie as we build our technological capabilities in the solar plus energy storage space, as efforts to scale capacity and secure new growth opportunities intensify.”
About Lens® Power
Lens® is a decision intelligence platform that delivers live data across the industrial landscapes of every global economy. It offers an integrated, thirty-year view of global power markets supply, demand, cost, and energy price forecasts. Also, a high-fidelity geospatial data including solar irradiance and transmission infrastructure.
Moreover, Wood Mackenzie reportedly will continue to integrate real-time and historic nodal congestion and price data. On the other hand, Lens Power will provide unmatched insight into greenfield site selection and asset optimization.
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Finally, among Lens® initiatives is Wood Mackenzie’s collaboration with early adopters to design a power solution. This solution provides a holistic understanding of what is happening in the world of energy. In that way it allows organizations to improve profitability and minimize risk.
