Canadian Solar Secures 193 MW of BESS Projects in Japan's Inaugural Long-term Decarbonization Power Source Auction
GUELPH, ON, May 8, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has won three battery energy storage system ("BESS") projects, totaling 193 MW, in Japan's first Long-Term Decarbonization Power Source Auction ("LTDA").
- GUELPH, ON, May 8, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that it has won three battery energy storage system ("BESS") projects, totaling 193 MW, in Japan's first Long-Term Decarbonization Power Source Auction ("LTDA").
- The winners of this auction were announced on April 26, 2024, with the Company securing a 13.3% of the total awarded energy storage projects.
- Canadian Solar will enter into Capacity Reserve Agreements ("CRA") with the Organization for Cross-regional Coordination of Transmission Operators ("OCCTO").
- We remain committed to advancing both BESS and PV projects, supporting Japan's goal of achieving carbon neutrality by 2050."