September 1, 2022 – TheNewswire - Canadian Solar (CSIQ) has been awarded a 253 MWp solar and 1,000 MWh battery energy storage project in Chile. The Chilean Energy National Commission recently awarded a total of 777 GWh/year of new generation backed by three different new renewable projects, of which the Zaldivar Project will account for 16%.

The Zaldivar Project, located in Antofagasta Region, is expected to start construction in 2024 and reach commercial operation in 2026. The project is expected to displace more than 263,000 tons of CO2 emissions each year, contributing to Chile's carbon emissions reduction targets.

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented, "Chile is one of the most promising renewable markets in Latin America. This solar and battery storage project awarded to Canadian Solar will reinforce our leading position in Latin America, particularly in Chile where Canadian Solar has a backlog of 600 MWp of solar projects and 2.2 GWh of battery storage projects. We will continue to expand our project pipeline in Chile, helping the country meet its goal of achieving carbon neutrality by 2050."

Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects.

Shares of Canadian Solar trade on the NASDAQ under the ticker symbol CSIQ. For more information visit www.greenstocknews.com.

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