News Release

Wood Mackenzie scales renewable markets data reach as Canadian Solar joins Lens Power Development Partner Program

Lens® decision intelligence platform pinpoints investment opportunities in utility-scale solar power and battery storage projects

Wood Mackenzie welcomes Canadian Solar as a development partner for its industry-leading Lens® decision intelligence platform, which delivers live data across the industrial landscapes of every global economy.

Canadian Solar, (Nasdaq: CSIQ) one of the world’s largest solar technology companies, is the latest among leading companies across financial, manufacturing, renewable developer and utilities industries to collaborate with Wood Mackenzie (a Verisk business [Nasdaq: VRSK]) to connect the dots in the analysis of data across a rapidly changing energy landscape.

International pressure to decarbonize is intensifying and, through its continued addition of specialist organizations on all continents, Wood Mackenzie’s Lens platform has become instrumental in helping key players rapidly visualize, value, model and optimize energy assets, portfolios and companies.

Integration of renewable and conventional power sources in a single interface, drawing from Wood Mackenzie’s trusted commercial intelligence on the world’s natural resources sector, transforms how Lens Power customers drive investment strategy decisions and ignite growth plans.

Joe Levesque, Co-president for Wood Mackenzie states, “Battery storage capacity and hybrid solar-storage are on steep growth trajectories, as organizations look to capture the energy produced from renewable technologies to meet peak demand for electricity.”

“Canadian Solar is an important development partner for us, as it is in a unique and specialized position as a solar PV manufacturer and a large-scale solar and energy storage project developer. The insights its team will provide will further support our delivery of key data in what is an increasingly high activity segment, at a time of significant pressure in others.”

Canadian Solar has one of the world's largest and most geographically diversified utility-scale solar and energy storage project development platforms, with a strong track record of originating, developing, financing and building over 6.3 GWp of solar power plants across six continents.

Dr. Shawn Qu, Chairman and CEO of Canadian Solar states, “Energy storage technology will be a critical enabler of the solar PV market going forward. Understanding the hybrid solar-storage project economics will give us a growth advantage to develop cost-effective, end-to-end integrated dispatchable solar energy solutions.

“We look forward to working with Wood Mackenzie as we build our technological capabilities in the solar plus energy storage space, as efforts to scale capacity and secure new growth opportunities intensify.”

Lens® Power offers an integrated, thirty-year view of global power markets supply, demand, cost and energy price forecasts alongside high-fidelity geospatial data including solar irradiance and transmission infrastructure. As Wood Mackenzie continues to integrate real-time and historic nodal congestion and price data, Lens Power will provide unmatched insight into greenfield site selection and asset optimization.

Among Lens® initiatives is Wood Mackenzie’s collaboration with early adopters to design a power solution that provides a holistic understanding of what is happening in the world of energy, allowing organizations to improve profitability and minimize risk.