Windel Energy partners again with Canadian Solar to co-develop 1.4GW of Battery Energy Storage System projects in the UK
NEWCASTLE, UK, October 27, 2021 – Windel Energy Ltd (the “Company”, or “Windel”), today announced it has signed a Project Development Agreement with Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ) to co-develop 1.5 GW (up to 3.0 GWh) of battery energy storage system (BESS) projects in the UK.
Under the agreement, Windel will deliver 1.5 GW of early-stage BESS projects under development through to ready-to-build (“RTB”) status with Canadian Solar providing funding and support. Windel Energy has extensive renewable energy industry experience, having secured a 1.5 GW pipeline of projects over the course of only 8 months. “We are continuing to build on the established relationship between Windel and Canadian Solar following the agreement to co-develop 1.4 GWp of solar PV projects in December 2020. Windel’s decision to partner with Canadian Solar was not solely down to the current great working relationship, but also to the fact that Canadian Solar have developed and supply their own BESS integrated solutions, which simply made them the perfect partner.” said Gary Toomey, Managing Director of Windel Energy, adding, “The Windel and Canadian Solar relationship is a now a well proven fit and we are looking forward to a continued long term sustainable relationship with Canadian Solar to deliver critical infrastructure to the UK grid for clean, renewable energy in the UK.” The agreement will support both Windel and Canadian Solar’s growth in the UK and contribute towards strengthening the market position of both parties.
About Windel Energy
Founded in 2018, Windel Energy is a privately held company that specialises in the origination, development and asset management of renewable energy projects and low carbon disruptive technologies. Windel Energy has more than 3 GW of clean, renewable power in various stages of development. The Team at Windel Energy is comprised of development and investment professionals with leading industry expertise across sourcing, financial analysis, power markets and physical asset analysis and operations. The team takes a long-term ownership approach to the operations and management of renewable assets and benefits from extensive network of relationships, leading institutional infrastructure and in-house industry knowledge and experience. For additional information about Windel Energy on Linkedin or visit www.windelenergy.co.uk
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 20 years, Canadian Solar has successfully delivered over 59 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built, and connected over 6.1 GWp in over 20 countries across the world. Currently, the Company has around 400 MWp of projects in operation, nearly 6 GWp of projects under construction or in backlog (late-stage), and an additional 16 GWp of projects in pipeline (mid- to early- stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
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