Canadian Solar Announced That e-STORAGE, Part Of The Company's Majority-owned Subsidiary CSI Solar, Has Received A Contract For 11 MW AC/22 MWh AC Energy Storage Solutions From Root-power, Part Of The Ylem Group
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar's subsidiary, CSI Solar, has secured a contract to provide 11 MW AC/22 MWh AC energy storage solutions for Root-Power's Coryton Energy Park project in England. Construction began in May 2024.
July 18, 2024 | 11:15 am
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POSITIVE IMPACT
Canadian Solar's subsidiary, CSI Solar, has received a significant contract for energy storage solutions, which could positively impact the company's revenue and market position in the renewable energy sector.
The contract for 11 MW AC/22 MWh AC energy storage solutions is a substantial win for Canadian Solar's subsidiary, CSI Solar. This deal is likely to enhance the company's revenue and strengthen its market position in the renewable energy sector, leading to a positive short-term impact on CSIQ's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100