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Stock impact report

Canadian Solar Secures 193 MW of BESS Projects in Japan's Inaugural Long-term Decarbonization Power Source Auction

Canadian Solar Inc. - Common Shares (CSIQ) 
Last canadian solar inc. - common shares earnings: 3/26 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.canadiansolar.com
Company Research Source: PR Newswire
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"). These energy storage projects will provide capacity over a 20-year period, in return for Capacity Reserve Payments to offset fixed storage system costs.Located in Aomori, Fukushima, and Yamaguchi prefectures respectively, the three projects are expected to commence commercial operations between 2027 to 2028 and will feature the recently launched SolBank 3.0 system from e-STORAGE, a subsidiary CSI Solar Co., Show less Read more
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