Canadian Solar has sold two fully permitted, construction-ready solar and battery-energy storage projects in the United Kingdom to Gresham House. Financial terms were not disclosed.
The two projects comprise a collocated solar and battery-energy storage project in Durham, with 50 megawatt peaks of solar capacity and 38 megawatts of battery-energy storage, and a standalone solar project in Warwickshire of 28 megawatt peaks.
The project in Durham is Canadian Solar’s first collocated solar PV and battery-energy storage project in the United Kingdom and the second collocated solar and battery-energy storage project acquired by Gresham House.
Canadian Solar will be responsible for the long-term operations and maintenance activities of the projects.
“The execution of this transaction demonstrates again our expertise in battery-energy storage development and proves the recognized value of our fast-growing pipeline in the U.K., one of Canadian Solar’s core
