GUELPH, ON, Oct. 19, 2020 /PRNewswire/ — Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), announced today that it has closed a supply contract and long term service agreement with Goldman Sachs Renewable Power LLC, part of the Renewable Power Group of Goldman Sachs Asset Management (“Goldman Sachs”), to deliver and integrate a 75 MW / 300 MWh lithium-ion battery storage solution into the 100 MWac Mustang solar plant in California.

The 75 MW or 4-hour 300 MWh energy storage system is a retrofit addition to the Mustang solar plant in King’s County, California, which was originally developed by Canadian Solar’s wholly owned subsidiary Recurrent Energy, LLC (“Recurrent Energy”). The solar plant was connected to the grid in August 2016 and the project’s equity stake was later

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