Recurrent Energy completes the sale of two 100 MW/400 MWh BESS projects in France to BW ESS.
The combined 200 MW/800 MWh project portfolio has been sold to BW ESS, demonstrating Recurrent Energy’s ability to develop and monetize high-quality battery energy storage projects.
Kitchener, Ontario, Canada, October 29 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (Nasdaq: CSIQ), a global leader in solar and energy storage asset development, ownership, and operation, today announced the sale of two independent BESS projects in France to BW ESS, a global energy storage asset owner and operator.
The portfolio includes two projects: Baixas in the Pyrénées-Orientales department, with a capacity of 100 MW / 400 MWh; and Coquainvilliers in Calvados, also with a capacity of 100 MW / 400 MWh. Both projects benefit from advanced grid connection points at the transmission level and are built on a robust grid infrastructure with expected minimal network constraints. Together, they will provide 200 MW / 800 MWh of flexible capacity to the French power system.
Recurrent Energy is responsible for initiating and developing both projects, including securing land, advancing grid connection, and managing permits and communications with local stakeholders. BW ESS will acquire these projects, marking their first transaction together and BW ESS’s entry into the French energy market. Recurrent Energy will continue to lead the remaining development phases, leveraging its local market expertise, technical capabilities, and experience delivering renewable energy and storage projects. Once the remaining development milestones are completed, BW ESS will take the lead in constructing the assets and driving them toward commercial operation. BW ESS plans to hold and operate these assets long-term.
Erik Strømsø, CEO and co-founder of BW ESS, said: “We are excited to partner with Recurrent Energy in the next phase and leverage BW ESS’s long-term expertise in owning and operating assets as we advance these projects toward construction and operation. Entering France represents a significant milestone for BW ESS and a natural next step in expanding our global energy storage platform. These acquisitions immediately give us a 200 MW / 800 MWh platform in France and lay a strong foundation for building a substantial portfolio of French assets. France has a strong nuclear power base, but demand influenced by weather and evolving generation mix are creating more volatile system conditions, increasing the need for flexibility. Batteries can complement France’s nuclear base by providing fast-responding flexibility, helping to balance the grid, absorb excess power, and deliver low-carbon generation when it is most valuable.”
Dylan Marx, CEO of Recurrent Energy, said: “This transaction with BW ESS demonstrates our ability to create value by delivering high-quality BESS projects while maintaining close involvement from project development through to commercial operation. It strongly validates the BESS platform we have established in France and our capacity to continue expanding it. Once operational, these projects will provide flexible energy storage capacity to support grid stability, balance supply and demand, and facilitate greater integration of renewable energy into the French power system.”
About BW ESS
BW ESS is a global owner and operator of energy storage assets, rapidly developing, delivering, and operating industry-leading projects.
The business operates in the UK, Australia, Italy, Germany, Spain, Sweden, and France. It currently has over 540 MWh of operational battery energy storage systems (BESS), with approximately 12 GWh under construction or in pre-development, and a development pipeline totaling several gigawatts.
BW ESS is part of the BW Group and, drawing on decades of global infrastructure experience, takes a long-term view of projects and partnerships, focusing on unlocking value throughout the entire lifecycle of energy storage assets.
About Recurrent Energy
Recurrent Energy is a subsidiary of Canadian Solar Inc. and one of the world’s largest and most geographically diversified platforms for developing, owning, and operating utility-scale solar and energy storage projects. Operating as Canadian Solar’s global development and power services business, Recurrent Energy leverages an industry-leading team of in-house energy experts. For more information, visit www.recurrentenergy.com.
About Canadian Solar
Canadian Solar is one of the world’s largest solar technology and renewable energy companies, founded in 2001 and headquartered in Kitchener, Ontario. The company is a leading manufacturer of solar photovoltaic modules; a provider of solar and battery energy storage solutions; and a developer, owner, and operator of utility-scale solar and battery energy storage projects. Over the past 25 years, Canadian Solar has delivered nearly 180 GW of high-quality solar photovoltaic modules to customers worldwide. Through its energy storage business, e-STORAGE, the company has shipped over 23 GWh of battery energy storage solutions to global markets and has a backlog of contracted orders totaling $3.5 billion as of June 30, 2026. Since entering the project development business in 2010, Canadian Solar has developed, constructed, and commissioned approximately 12.4 GWp of solar projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project pipeline includes approximately 22 GWp of solar and 84 GWh of battery energy storage capacity at various stages of development. Canadian Solar is one of the most financeable companies in the solar and renewable energy industry and has been publicly listed on NASDAQ since 2006. For more information, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.
Safe Harbor / Forward-Looking Statements
Certain statements in this press release, including those regarding the company’s expected future shipments, revenue, gross margin, and project sales, are forward-looking statements that involve numerous risks and uncertainties that could cause actual results to differ materially from those stated. These statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “may,” “will,” “expect,” “anticipate,” “future,” “ongoing,” “continue,” “intend,” “plan,” “potential,” “prospect,” “guidance,” “believe,” “estimate,” “is/are likely to,” or their negative forms, or other similar expressions. These forward-looking statements include, but are not limited to: our expectations regarding global electricity demand and adoption of solar and battery storage technologies; our growth strategy, future business performance, and financial condition; our transition to a long-term clean energy asset owner and operator and expansion of our project pipeline; our ability to monetize our project portfolio, manage supply chain volatility, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations regarding project timelines, costs, and returns; competitive dynamics in the solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancements and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Additional risks are disclosed in the company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F filed on April 10, 2026. Although the company believes the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. Except as required by applicable law, Canadian Solar undertakes no obligation to update the information contained in this press release, and all information is current as of today unless otherwise stated.
BW ESS Media Contact
Tamarindo Communications
[email protected]
Canadian Solar Inc. Investor Relations Contact
Wina Huang
Investor Relations
Canadian Solar Inc.
[email protected]
Recurrent Energy Media Inquiry
Inés Arrimadas
Recurrent Energy
[email protected]
SOURCE Canadian Solar Inc.