Weekly renewables M&A round-up (Aug 8-12)
Aug 12, 2022 17:43 CESTNovember 26 (Renewables Now) - CSI Solar, a unit of Canadian Solar Inc (NASDAQ:CSIQ), has signed a strategic cooperation framework agreement with Chinese battery maker Contemporary Amperex Technology Co Ltd (SHE:300750), also known as CATL.
Under the agreement, CSI Solar and CATL are to establish “a strategic partnership to cooperate holistically in the areas of battery storage system solutions, supply of lithium-ion battery modules, operation and maintenance services of battery storage projects, and innovative renewable energy technology”, Canadian Solar said this week.
By teaming up with CATL, the Canadian solar technology group will have the support to rapidly grow its battery storage business, according to the announcement.
“The partnership leverages CATL's innovative battery storage technology and our global reach and experience to provide best-in-class battery storage solutions to our customers,” Canadian Solar CEO Shawn Qu commented.
“We now have a global battery storage pipeline of 21 GWh, including 2.9 GWh under construction. Our common goal is to use solar and battery storage technology to support a cleaner, smarter and more reliable global grid, and do our part in contributing to the acceleration of the clean energy transition”. Qu added.
Weekly renewables M&A round-up (Aug 8-12)
Aug 12, 2022 17:43 CESTUK hits 25.5 GW of wind power capacity
Aug 12, 2022 17:15 CESTRWE to make over EUR 5bn in green investments in 2022
Aug 12, 2022 17:11 CESTTurkish renewables firm Kalyon Enerji sells 50% stake to Abu Dhabi's IHC for 477 mln euro
Aug 12, 2022 16:27 CESTDEME installs substation at Fecamp wind farm offshore France
Aug 12, 2022 15:59 CESTUnit of Malaysia's TNB gets more time to reach fin close for 50-MW solar project
Aug 12, 2022 15:30 CEST