Slate, a solar-plus-storage project developed in California by Canadian Solar’s Recurrent Energy subsidiary and sold to Goldman Sachs Renewable Power, went online a few weeks ago. Image: GSRP.
Canadian Solar shipped just under 900MWh of battery storage in 2021, the first full year of its involvement in the segment, but expects to double that figure this year.
The vertically-integrated solar PV company’s CSI Solar manufacturing subsidiary shipped 896MWh of battery energy storage system (BESS) technology during last year, while the parent company made total annual PV module shipments of 14.5GW.
As reported by our sister site PV Tech last week from Canadian Solar’s Q4 and full-year 2021 financial results, the company’s gross margin came in above issued guidance at 19.7% for the year, but CSI Solar saw margins come under pressure from spiralling material and…