Canadian Solar has won the rights to develop a 45MW battery storage project in Colombia.
The project was awarded in a public tender launched by Colombia’s Ministry of Energy and Mines, via its affiliate UPME, the Mining and Energy Planning Unit.
The facility, which is located in the city of Barranquilla in the north of country, will consist of a 45 megawatt-hour lithium-ion battery energy storage system.
It is expected to reach commercial operation by June 2023.
The project has been granted with a 15-year revenue structure with the Colombian government and is indexed to the country’s inflation or producer price index.
Canadian Solar chairman and chief executive Shawn Qu said: “We are very proud to have won this project in the first pure storage tender in Colombia.
“This is also our first energy storage project in the country and the Latin America region.
“The project award is testament to our global presence not just in solar but also in the energy storage business, and further solidifies Canadian Solar’s position as a market leader in clean energy.
“We will continue to execute on our global energy storage growth strategy and look forward to providing more flexible, reliable and clean energy to our customers across the world.”