Recurrent Energy's Storage Footprint Grows in United States, 11 GWh in Pipe
- Recurrent Energy, LLC, a wholly-owned subsidiary of Canadian Solar Inc. announced yesterday that it has actually increased its energy storage footprint in the USA with a number of leading Battery Energy Storage Systems (BESS) got to be constructed in 2021 as well as 2022. These projects extend retrofits as-a-service, solar plus storage PPAs, and stand-alone storage tolling contracts.
California's quickly developing energy landscape and also aggressive carbon reduction objectives are boosting the requirement for energy storage innovations. Southern California Edison (SCE) awarded Recurrent Energy a long-term agreement beginning in the summer season of 2022 for the 200 MW/ 800 MWh Crimson BESS project, representing among the biggest stand-alone storage agreements in the UNITED STATE. The California Public Utility Commission recently voted to authorize the Crimson project's agreement with SCE and also the United States Inside Department just recently introduced that the Bureau of Land Management has actually given final authorization to website the Crimson project on public lands in the California desert, in Riverside County.
Additionally, Recurrent Energy has partnered with Southern Power as well as AIP Management (AIP) to give development services to add 72 MW/ 288 MWh of energy storage to the 200 MWac Serenity solar project found in Fresno County, California, and 88 MW/ 352 MWh of energy storage to the 200 MWac Garland solar project located in Kern County, California. The Serenity as well as Garland solar PV projects were initially established as well as constructed by Recurrent Energy in 2016 and also are currently owned by Southern Power and AIP. BESS retrofits on both projects are presently under construction.
Recurrent Energy is likewise in the process of constructing the Slate project (300 MWac solar plus 140.25 MW/ 561 MWh storage) and the 75 MW/ 300 MWh BESS retrofit to the 100 MWac Mustang solar project. Slate and Mustang are both located in Kings County, California and also are possessed by Goldman Sachs Renewable Power LLC.
The above referenced energy storage projects will supply considerable benefits to California. Along with sustaining a total of greater than 400 regional building jobs, the projects will certainly enhance California's grid dependability by offering seriously required source competence capacity, with the capability to send out energy to the grid during heatwaves and also various other peak need events. The California Energy Commission has actually kept in mind in the past that all-natural gas-fired coming to a head plants are utilized in the state when peak demand for power is expensive to be satisfied by various other resources. By keeping renewable generation when manufacturing exceeds demand, energy storage can be used in place of gas coming to a head plants throughout the greatest electricity need hours.
With a pipeline of around 11 GWh of battery storage projects throughout the United States, of which 2.3 GWh remain in late-stage development, Recurrent Energy has been proactively creating both PV solar plus energy storage and also standalone storage projects considering that 2014. Recurrent Energy boasts a devoted energy storage group with substantial style, energy advertising and marketing and optimization experience. Over the past years, it has solidified its market leadership placement by developing innovative solar-plus-storage and storage-only projects and offtake agreements in various markets throughout the United States.
In collaboration with Recurrent Energy's project growth group, Canadian Solar's majority-owned CSI Solar subsidiary delivers affordable, very bankable and fully-integrated battery storage services to support the recent velocity popular. Canadian Solar's international project development business, or Global Energy Group, remains to expand and also focus on energy storage, with a consolidated total pipe of more than 5,328 MW/ 16,875 MWh.
Dr. Shawn Qu, Chairman as well as CEO of Canadian Solar stated, "Solar is expected to have one more record-breaking year in the UNITED STATE, with 23.8 GWdc in brand-new capacity anticipated to come online in 2021, in addition to nearly 12 GWh of battery storage, more than doubling existing ability. We praise our clients for their dedication to use affordable lithium-ion storage capability with very little carbon footprint to enable a cleaner energy economic climate as well as brighter future. We are pleased to remain to use flexible and trusted clean energy remedies for our customers as well as the communities we offer throughout the United States."