Matrix to acquire 105-MW solar-plus-storage project from Recurrent Energy

• Matrix Renewables, the TPG Rise-backed renewables platform, has actually consented to buy a 105-MW solar project in California with 80 MWh of energy storage space capacity from Recurrent Energy LLC, part of Canadian Solar Inc (NASDAQ: CSIQ).

The bargain concerns the Gaskell West 2 and also 3 project in Kern County that is fully contracted and also holds five long-lasting power purchase agreements (PPAs) with cities and also energies in the state. Upon completion in the final quarter of the year, this hybrid facility will be able to produce enough electrical power to power regarding 16,800 California homes.

"With this project, we are remaining to grow our existence in the US, drawing from Matrix Renewables' passions to come to be a major renewables platform throughout the US, Europe and Latin America," commented Cindy Tindell, taking care of director and head people for Matrix Renewables.

CSI Solar, one more unit of Canadian Solar, will certainly give the turnkey battery storage space solution for the project, consisting of the supply, setup and commission of a lithium iron phosphate-based battery system.