CMS has advised Canadian Solar Inc. on the deal.
Canadian Solar Inc. (Canadian Solar) signed for a partnership via a Project Development Agreement with Windel Energy (Windel), a company specialising in the origination, development and asset management of renewable energy projects, to co-develop 1.5 GW of battery energy storage system (BESS) projects in the UK.
Canadian Solar is one of the world’s largest solar photovoltaic products and energy solutions providers, as well as one of the largest solar power plant developers globally. Cumulatively, Canadian Solar has delivered over 59 GW of solar modules to thousands of customers in more than 160 countries, enough to meet the green energy needs of approximately 14m households.
Under the agreement with Windel, Canadian Solar will provide funding and support to enable Windel to deliver 1.5 GW of early-stage BESS projects. The partnership will help to boost both Canadian Solar and Windel’s growth in the UK and contribute towards strengthening both parties’ market positions.
The CMS team was led by Louise Dalton (Picture) and included Freddie May (Energy & Climate Change), Karl Williams (Corporate), Leilah Rawle and Emma Forbes-Stocken (Energy Real Estate), Canadian Solar’s legal team was led by its Senior Director and General Counsel EMEA, Antonio Adami.
Law Firms: CMS Cameron McKenna Nabarro Olswang LLP;
Clients: Canadian Solar Inc.;