BEIJING, Jan. 5, 2010 (Xinhua News Agency) -- Canadian Solar (NASDAQ:CSIQ) Inc.
(CSIQ.NASDAQ) announced that it is beginning the site selection and approval process for establishing a 200-MW module manufacturing facility in Ontario.
The company recently submitted a significant number of FIT applications to the Ontario Power Authority and has also received considerable customer interest for "Made in Ontario" solar systems.
Canadian Solar expects to make a definite decision about the plant's site, cost, and ultimate size in quarter one of 2010.
The new facility is expected to result in 500 new direct manufacturing jobs in Ontario and sufficiently supply electricity to 60,000 homes per year. The plant's estimated cost will be 24 million Canadian dollars, and once completed, it will be one of the largest solar panel manufacturing facilities in North America, further strengthening its position as the country's leading, Canadian-owned manufacturer of solar modules.
The plant will be completed over several stages, with the first phase of operations expected to commence in 2010.
Canadian Solar will be exploring federal and provincial programs that can help it build an Ontario based manufacturing facility.
The panels are silicon-based, and come with a 25-year warranty backed by one of the most reputable brands in the industry. They have been installed and tested amid extreme weather conditions across the world and have achieved outstanding results in terms of performance, resistance, and reliability.
The company complies with FIT commercial rooftop solar and micro FIT 10 kW solar Ontario content requirements.
Canadian Solar Inc. is a leading vertically integrated provider of solar cells, solar modules, custom-designed solar application products, and turnkey solutions for the residential, commercial, and solar farm markets. Its solutions enable rapid, low cost installations, and at a higher level of quality and reliability. The company's production base is located in China.
