Canadian Solar Scoops First Energy Storage Project In Colombia Of 45 MWh


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  • Canadian Solar Inc (NASDAQ:CSIQwon the first utility-scale battery storage project in Colombia of 45 MW / 45 MWh.
  • The financial terms of the order remain undisclosed.
  • Located in northern Colombia's Barranquilla, the project will consist of a 45 MWh lithium-ion battery energy storage system and will likely reach commercial operation by June 2023.
  • The project has a 15-year revenue structure with the Colombian government and is indexed to the country's inflation or producer price index.
  • The project will strengthen the electricity transmission network in the Atlántico Department in northern Colombia, prevent future supply deficits and support greater penetration of renewable energy in the Colombian electricity system.
  • Price action: CSIQ shares closed lower by 1.19% at $40.81 on Friday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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