Canadian Solar's e-STORAGE to Deliver 960 MWh of Energy Storage Systems for Copenhagen Infrastructure Partners in Australia
Canadian Solar's e-STORAGE division has secured a contract with Copenhagen Infrastructure Partners (CIP) to deliver 240 MW/960 MWh battery energy storage systems in Summerfield, South Australia. The project, set to begin construction in 2025, will be one of South Australia's largest battery storage initiatives.
e-STORAGE will provide turnkey EPC services, including the supply and integration of over 200 SolBank 3.0 battery containers. The company will also support long-term performance and operations under a service agreement. Located 55 kilometers east of Adelaide, the project will contribute to South Australia's goal of achieving 100% net renewable energy by 2027 by storing excess wind and solar energy for use during peak demand periods.
The project demonstrates e-STORAGE's growing presence in Australia, where it currently has over 1.5 GWh of Battery Energy Storage Systems (BESS) under construction.
La divisione e-STORAGE di Canadian Solar ha ottenuto un contratto con Copenhagen Infrastructure Partners (CIP) per fornire 240 MW/960 MWh di sistemi di stoccaggio energetico a batteria a Summerfield, in Australia Meridionale. Il progetto, che inizierà la costruzione nel 2025, sarà una delle più grandi iniziative di stoccaggio a batteria in Australia Meridionale.
e-STORAGE fornirà servizi EPC chiavi in mano, inclusa la fornitura e l'integrazione di oltre 200 container di batterie SolBank 3.0. L'azienda supporterà anche le prestazioni e le operazioni a lungo termine nell'ambito di un contratto di servizio. Situato a 55 chilometri a est di Adelaide, il progetto contribuirà all'obiettivo dell'Australia Meridionale di raggiungere il 100% di energia rinnovabile netta entro il 2027, immagazzinando l'energia eolica e solare in eccesso per l'uso durante i periodi di picco di domanda.
Il progetto dimostra la crescente presenza di e-STORAGE in Australia, dove attualmente ha oltre 1,5 GWh di sistemi di stoccaggio energetico a batteria (BESS) in fase di costruzione.
La división e-STORAGE de Canadian Solar ha asegurado un contrato con Copenhagen Infrastructure Partners (CIP) para entregar sistemas de almacenamiento de energía con batería de 240 MW/960 MWh en Summerfield, Australia del Sur. El proyecto, que comenzará su construcción en 2025, será una de las mayores iniciativas de almacenamiento de baterías en Australia del Sur.
e-STORAGE proporcionará servicios EPC llave en mano, incluyendo el suministro e integración de más de 200 contenedores de baterías SolBank 3.0. La compañía también apoyará el rendimiento y las operaciones a largo plazo bajo un acuerdo de servicio. Ubicado a 55 kilómetros al este de Adelaida, el proyecto contribuirá al objetivo de Australia del Sur de lograr un 100% de energía renovable neta para 2027, almacenando el exceso de energía eólica y solar para su uso durante los picos de demanda.
El proyecto demuestra la creciente presencia de e-STORAGE en Australia, donde actualmente tiene más de 1.5 GWh de sistemas de almacenamiento de energía con baterías (BESS) en construcción.
캐나디안 솔라의 e-STORAGE 부문이 코펜하겐 인프라 파트너스(CIP)와 계약을 체결하고 240 MW/960 MWh 배터리 에너지 저장 시스템을 남호주 서머필드에 공급합니다. 2025년에 건설이 시작될 이 프로젝트는 남호주에서 가장 큰 배터리 저장 프로젝트 중 하나가 될 것입니다.
e-STORAGE는 200개 이상의 SolBank 3.0 배터리 컨테이너의 공급과 통합을 포함한 턴키 EPC 서비스를 제공합니다. 또한 장기적인 성능과 운영을 지원하는 서비스 계약도 체결합니다. 애들레이드에서 동쪽으로 55킬로미터 떨어진 이 프로젝트는 남호주가 2027년까지 100% 재생 가능 에너지를 달성하기 위한 목표에 기여하며, 피크 수요 시간대에 사용할 수 있도록 여분의 풍력 및 태양광 에너지를 저장합니다.
이 프로젝트는 현재 1.5 GWh 이상의 배터리 에너지 저장 시스템(BESS)을 건설 중인 호주에서 e-STORAGE의 성장하고 있는 존재감을 보여줍니다.
La division e-STORAGE de Canadian Solar a obtenu un contrat avec Copenhagen Infrastructure Partners (CIP) pour fournir des systèmes de stockage d'énergie par batterie de 240 MW/960 MWh à Summerfield, en Australie-Méridionale. Le projet, qui doit commencer sa construction en 2025, sera l'une des plus grandes initiatives de stockage de batteries en Australie-Méridionale.
e-STORAGE fournira des services EPC clés en main, y compris la fourniture et l'intégration de plus de 200 conteneurs de batteries SolBank 3.0. L'entreprise soutiendra également les performances et les opérations à long terme dans le cadre d'un contrat de service. Situé à 55 kilomètres à l'est d'Adélaïde, le projet contribuera à l'objectif de l'Australie-Méridionale d'atteindre 100 % d'énergie renouvelable nette d'ici 2027 en stockant l'excès d'énergie éolienne et solaire pour une utilisation pendant les périodes de pointe de la demande.
Le projet démontre la présence croissante d'e-STORAGE en Australie, où elle a actuellement plus de 1,5 GWh de systèmes de stockage d'énergie par batterie (BESS) en cours de construction.
Die e-STORAGE-Sparte von Canadian Solar hat einen Vertrag mit Copenhagen Infrastructure Partners (CIP) abgeschlossen, um 240 MW/960 MWh Batteriespeichersysteme in Summerfield, Südaustralien, zu liefern. Das Projekt, dessen Bau 2025 beginnen soll, wird eine der größten Batteriespeicherinitiativen in Südaustralien sein.
e-STORAGE wird schlüsselfertige EPC-Dienstleistungen anbieten, einschließlich der Lieferung und Integration von über 200 SolBank 3.0-Batteriecontainern. Das Unternehmen wird auch langfristige Leistungen und Operationen im Rahmen eines Dienstleistungsvertrags unterstützen. Das Projekt, das 55 Kilometer östlich von Adelaide liegt, wird dazu beitragen, das Ziel Südaustraliens zu erreichen, bis 2027 100 % netto erneuerbare Energie zu erzielen, indem überschüssige Wind- und Sonnenenergie für Zeiten mit hoher Nachfrage gespeichert wird.
Das Projekt zeigt die wachsende Präsenz von e-STORAGE in Australien, wo derzeit über 1,5 GWh Batteriespeichersysteme (BESS) im Bau sind.
- Secured major contract for 240 MW/960 MWh battery storage system
- Long-term service agreement ensures recurring revenue
- Project supports expansion in Australian market where company has 1.5 GWh under construction
- Strengthens position in growing renewable energy storage sector
- None.
Insights
The 960 MWh energy storage contract with Copenhagen Infrastructure Partners marks a strategic advancement for Canadian Solar, significantly strengthening its position in the lucrative Australian energy storage market. This deal is particularly noteworthy as Australia's utility-scale battery storage sector is experiencing rapid growth, driven by the nation's aggressive renewable energy targets and grid stabilization needs.
The contract's scope, encompassing both EPC services and long-term operational management, represents a high-margin opportunity that could materially impact Canadian Solar's recurring revenue stream. With over 1.5 GWh of BESS projects already under construction in Australia, this additional 960 MWh project solidifies e-STORAGE's market leadership and demonstrates strong execution capabilities in a competitive landscape.
The selection of Canadian Solar's proprietary SolBank 3.0 technology by a sophisticated investor like CIP validates the company's R&D investments and could lead to additional contract wins in the region. The project's strategic location near Adelaide and its role in supporting South Australia's 100% renewable energy target by 2027 positions Canadian Solar to capture more opportunities as Australia accelerates its energy transition.
The collaboration with Copenhagen Infrastructure Partners, one of the world's largest renewable energy infrastructure funds, represents a significant vote of confidence in Canadian Solar's technology and execution capabilities. CIP's selection of e-STORAGE for this landmark project could catalyze additional partnerships with institutional investors seeking bankable energy storage solutions.
The Summerfield project's strategic location in Murraylands, 55 kilometers east of Adelaide, is optimal for grid stabilization and renewable energy integration. This positioning allows for efficient storage of excess wind and solar generation, addressing South Australia's intermittency challenges while supporting the state's ambitious 100% renewable energy target.
The project's scale makes it one of South Australia's largest battery installations, demonstrating e-STORAGE's ability to deliver utility-scale solutions in a market where grid stability and renewable integration are paramount. This positions Canadian Solar advantageously against competitors in the rapidly expanding Australian energy storage sector.
e-STORAGE, a tier 1 global provider of energy storage solutions, will provide turnkey EPC services, supplying and integrating over 200 SolBank 3.0 battery containers. e-STORAGE will also support the long-term performance and operational management of the projects under a long-term service agreement with CIP. e-STORAGE has a strong and experienced project delivery team in
Located in Murraylands, 55 kilometers east of
Jørn Hammer, Partner and Head of Copenhagen Infrastructure Partners (CIP)
"This is a significant milestone for the Summerfield project and CIP's broader renewable energy pipeline in
Colin Parkin, President of e-STORAGE, added, "We are honored to be selected by Copenhagen Infrastructure Partners (CIP) for the Summerfield project, a testament to e-STORAGE's proprietary cutting-edge battery technology and our strong execution capabilities. This project will make a significant contribution to
About Canadian Solar Inc.
Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in
About e-STORAGE
e-STORAGE is a subsidiary of Canadian Solar and a leading company specializing in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications. e-STORAGE offers proprietary battery energy storage solutions, comprehensive EPC services, and innovative solutions aimed at improving grid operations. Currently, e-STORAGE operates two fully automated, state-of-the-art manufacturing facilities with an annual battery production capacity of 20 GWh. For more info, please refer to the Media&PR section of www.csestorage.com and follow our LinkedIn page.
About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world's largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.
CIP manages 12 funds and has to date raised approximately
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar power and battery energy storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to global pandemics; supply chain disruptions; governmental support for the deployment of solar power and battery energy storage; future available supplies of silicon, solar wafers and lithium cells; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as China, the U.S., Europe, Brazil and Japan; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; the pipeline of projects and timelines related to them; the ability of the parties to optimize value of that pipeline; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 26, 2024. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations Canadian Solar Inc.
investor@canadiansolar.com
e-STORAGE MEDIA CONTACT
Simona Marginean
e-STORAGE Marketing Manager
simona.marginean@csestorage.com
CIP MEDIA CONTACT
Sophie Fitzpatrick
Vice President, Public Affairs
sfit@cisc.dk
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SOURCE Canadian Solar Inc.
FAQ
What is the size of Canadian Solar's (CSIQ) new battery storage project in Australia?
When will CSIQ's Summerfield battery storage project begin construction?
How many SolBank 3.0 battery containers will CSIQ supply for the Summerfield project?
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