Redeux Energy is offloading over 1.7 GW DC solar and storage portfolio; Canadian Solar’s TOPCon modules endorsed for high durability by DNV; Igneo will acquire majority stake in Soltage; SunPower’s SunVault energy storage solution is now generally available.
Solar & storage projects on sale: Utility– scale solar and storage company Redeux Energy Partners has put more than 1.7 GW DC of its solar and 160 MW/640 MWh energy storage capacity on the block. All of these projects are located in the SERC and MISO Energy markets. Marathon Capital is on board as the executive financial advisor for Redeux to sell up to 100% of its equity interest in the 11-project, 7-state portfolio.
DNV stamp for CSIQ modules: NASDAQ-listed Canadian Solar says the independent third party Norwegian product certification agency DNV has endorsed its TOPCon solar modules in a comprehensive technology review report. The report evaluates TOPCon 210 mm and 182 mm TOPBiHiKu6 and TOPBiHiKu7 bifacial modules with up to 700 W output and 22.6% efficiency as demonstrating high durability and quality. The agency agrees with Canadian Solar’s claim that these modules help bring down the levelized cost of electricity (LCOE) by 3.2%. Canadian Solar launched the mass production of its TOPCon modules in Q1/2023. By the end of 2023, it aims to have an annual TOPCon cell manufacturing capacity of around 30 GW. The manufacturer will also launch a TOPCon module fab in the US by the year-end (see Texas It Is For Canadian Solar). The executive summary of DNV’s report on Canadian Solar modules is available on the latter’s website.
Igneo invests in US solar company: Global infrastructure investment manager Igneo Infrastructure Partners is to acquire majority equity stake in US-based solar and storage power company Soltage, LLC. Prudential Private Capital, and members of the Soltage management team are selling their interest in the company to Igneo. Soltage has developed over 500 MW of solar assets and plans to transition to a full independent power producer (IPP) business model and built out its 1.9 GW identified pipeline in partnership with Igneo.
SunPower storage system update: Residential solar power company SunPower Corporation says its most powerful SunVault energy storage solution with new software updates is now available to all. Homeowners can use the SunVault storage system through mySunPower app, it stated.