Canadian Solar has completed the sale of two fully-permitted solar and battery energy storage projects in the UK to specialist alternative asset manager Gresham House. The two projects comprise a collocated solar and battery energy storage project in Durham, with 50 MWp solar capacity and 38 MW of battery energy storage, and a standalone solar project in Warwickshire of 28 MWp. Both parties aim to continue to prioritise collocated renewable projects, where the solar PV and battery energy storage plants are built together and share the same grid connection infrastructure. These projects provide both economic advantages, particularly in the form of shared capital and operating costs, as well as significant benefits to the UK grid by improving system reliability, enabling greater integration of renewables and thereby helping the UK economy meet its net-zero carbon targets. The project in Durham is Canadian Solar's first collocated solar PV and battery energy storage project in the UK and it represents the second collocated solar and battery energy storage project acquired by Gresham House.
Canadian Solar has completed the sale of two fully-permitted solar and battery energy storage projects in the UK to specialist alternative asset manager Gresham House. The two projects comprise a collocated solar and battery energy storage project in Durham, with 50 MWp solar capacity and 38 MW of battery energy storage, and a standalone solar project in Warwickshire of 28 MWp. Both parties aim to continue to prioritise collocated renewable projects, where the solar PV and battery energy storage plants are built together and share the same grid connection infrastructure. These projects provide both economic advantages, particularly in the form of shared capital and operating costs, as well as significant benefits to the UK grid by improving system reliability, enabling greater integration of renewables and thereby helping the UK economy meet its net-zero carbon targets. The project in Durham is Canadian Solar's first collocated solar PV and battery energy storage project in the UK and it represents the second collocated solar and battery energy storage project acquired by Gresham House.
