Canadian Solar to sell Calif. solar, battery project to Matrix Renewables

Canadian Solar Inc., through its subsidiary Recurrent Energy LLC, entered into an agreement to sell a 105-MWac solar project with 80 MWh of energy storage to Matrix Renewables.

The Gaskell West 2 and 3 project is located in Kern County, Calif., and has five long-term power purchase agreements with cities and utilities in the state, according to an April 7 news release.

The project is slated to start commercial operations later in 2022 and is expected to generate enough electricity to power approximately 16,800 California homes.

Canadian Solar subsidiary CSI Solar will provide the turnkey battery storage solution for the storage component of the project as well as capacity and performance guarantees.

Matrix is a renewable energy platform backed by asset manager TPG Inc. Financial terms of the deal were not disclosed.