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Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced that e-STORAGE, part of the Company's majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar"), has entered into Battery Storage Agreements (BSA) and Long-Term Services Agreements (LTSA) with Aypa Power for the Elora and Hedley battery energy storage projects in Ontario, Canada.
Together, the Elora and Hedley projects will provide 420 MW / 2,122 MWh of new storage capacity to Ontario's grid, making them among the largest energy storage facilities currently under development in the province. The investments underscore Ontario's growing role in large-scale storage deployment and highlight continued collaboration between e-STORAGE and Aypa Power to deliver critical energy infrastructure across North America.
Both projects will deploy e-STORAGE's SolBank product under 20-year LSTAs that include continuous monitoring, preventive maintenance, and performance guarantees. These contracts are structured to ensure high system availability and predictable service revenues over the life of the assets. Delivery is scheduled to commence in the first quarter of 2026, with commercial operation expected in the first half of 2027.
Posted In: CSIQ
