Q CELLS, KSI sign strategic agreement to collaborate on project development and financing

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The South Korean module manufacturer said it would deliver both software and hardware to de-risk KSI’s projects. Image: Q CELLS

Module manufacturer and energy solutions company Q CELLS has entered into a strategic partnership with development and financing firm Kendall Sustainable Infrastructure (KSI) to collaborate on project co-development and financing.

KSI manages investments in solar and energy storage projects among other things and Q CELLS has allocated an undisclosed amount of capital for investment into KSI’s projects in the US, which could also include battery energy storage systems (BESS).

For those projects that do include BESS, Q CELLS will offer its Grid Equity financing product, which is designed to “de-risk energy storage project” through optimising “the value of energy storage systems by participating in ISO wholesale markets and demand response programmes”, the company said.

Q CELLS senior vice president in its North America Distributed Energy Solutions business, Dan Loflin, said the company would engage in “project development initiatives with KSI through providing our hardware, software, and financing solutions designed to maximise returns while de-risking energy storage revenues”.

KSI co-founder and managing director John Chaimanis, said the agreement with Q CELLS would enhance the company’s competitiveness by adding “rare capability” in the marketplace. “Working together will allow us to continue delivering on our promise of ‘value-added finance’ in a world of commodity capital.”

In August last year, Q CELLS North America invested in a portfolio of solar-plus-storage projects developed by Amped Solutions via a grid equity investment.

Back in March 2021, the Seoul, South Korea, headquartered company filed patent infringement complaints in Germany against Astronergy, with a separate filing also made in France relating to the unlawful incorporation of Q CELL technology into modules produced by three major suppliers.

Read Next

January 11, 2022
Solar PV power generation in Vietnam could about to be maximised through the integration of battery energy storage systems (BESS), with consultancy AqualisBraemar LOC Group (ABL Group) hired to conduct feasibility studies across multiple PV plants following curtailment issues in the country.
January 5, 2022
Renewable integration, sufficient energy storage and market uncertainty are three of the top five challenges facing Asia’s power sector today, according to Black & Veatch’s Asia Electric report that also overwhelmingly named hydrogen as a key decarbonisation method beyond the next decade
December 24, 2021
The US Department of Energy (DOE) has established the Office of Clean Energy Demonstrations, a new DOE office that will help deliver on President Joe Biden’s climate plans
December 17, 2021
Platte River Power Authority has issued a request for proposals (RFP) to obtain up to 250MW of new solar PV generating capacity that could begin producing energy by 2025
December 8, 2021
A round up of the latest news from the Americas, including National Gird Renewables closing a US$98 million raise, a ski resort investing in solar via a partnership with Nexamp and Westbridge Energy buying a controlling stake in a solar and storage company
November 25, 2021
Canadian Solar subsidiary CSI Solar has signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co. Ltd. (CATL) that will focus on energy storage and renewable energy technology.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal
Solar Media Events
April 25, 2022
Berlin, Germany