Canadian Solar announced that its subsidiary Recurrent Energy has completed the sale of the Slate project to Goldman Sachs Renewable Power.
The Slate project is a 300 MWac solar plus 140.25 MW / 561 MWh storage project located in Kings County and has commenced construction.
Canadian Solar’s majority-owned energy storage subsidiary, System Solutions and Energy Storage, will provide the battery storage integration solution for the project. Additionally, PNC Bank is providing a tax equity commitment to the project.
The project has signed PPAs with five different off-takers, four of which are solar and energy storage, and one that is solar-only.
The Slate project will generate enough low-cost, clean energy to power approximately 126,000 California homes. The power plant will utilize approximately 962,000 of Canadian Solar’s high efficiency bifacial BiKu modules across approximately 2,400 acres in Kings County.
The project is expected to employ 405 workers at peak construction, with at least 50% of those construction jobs expected to be filled by local skilled tradesmen from the Kings County area.
