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e-STORAGE to Deliver 420 MWh Battery Energy Storage System for Drax in the United Kingdom
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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US:NASDAQ Investor Relations: investors.canadiansolar.com
KITCHENER, ON, March 31, 2026 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that e-STORAGE, its energy storage solutions business, will deliver a total of 420 MWh AC of battery energy storage systems for Drax Group ("Drax"), a leading UK renewable energy company, across two projects in the United Kingdom.The projects include a 60 MW / 120 MWh AC installation in Marfleet, England, and a 150 MW / 300 MWh AC installation in Neilston, Scotland. Both projects are being developed by Apatura, a UK energy infrastructure company specializing in large-scale battery storage and enabling digital infrastructure. The projects have been acquired by Drax and will become part of Drax's FlexGen portfolio. Battery installations are scheduled to commence in the third quarter of 2026 at the Marfleet site, with the Neilston project expected to start installations in early 2027.Under the agreements, e-STORAGE will supply a fully integrated and commiss
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- Canadian Solar (CSIQ) had its price target lowered by Mizuho from $19.00 to $15.00. They now have a "neutral" rating on the stock.[MarketBeat]
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