MEMC Electronic Materials (WFR) announced it will partner with Flextronics (FLEX) to produce solar panels at a Flextronics facility in Ontario beginning in a few months. The panels will be used my MEMC subsidiary SunEdison for projects in Ontario and the arrangement allows the company to capitalize on Ontario’s feed in tariff program which requires 60% of the materials to be produced locally. The production is expected to create around 100 jobs.
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MEMC Electronic Materials (WFR) SunEdison division announced its plans to produce racking equipment for its Canadian solar projects with Samco Solar, a division of Samco Machinery. The partnership will be a big benefit to Samco Machinery which has been hit hard in a tough economy. It will produce 15 – 18 permanent jobs for the company and many more temporary positions. The retooling of the Samco plant has begun and they are expected to begin … Read the rest
When I first started looking at solar stocks a few years ago, I assumed Canadian Solar was from Canada. Logical assumption, but this is a Chinese company that was doing business almost exclusively in China. It’s certainly more of a global company now and it can say it has a strong presence in Canada after announcing contract offers for 176MW in open field PV generation projects. The contracts were awarded as part of Ontario’s new … Read the rest
Enbridge (ENB) and First Solar (FSLR) announced today an agreement to expand the Sarnia Solar Project from 20MW of capacity to 80MW, which when completed late next year, will make Sarnia the largest solar facility in N America. Enbridge already acquired the first 20MW which went into commercial operation yesterday.
First Solar (FSLR) will provide operation and maintenance services to Enbridge under a long term contract with the output of the 80MW facility being sold … Read the rest
It’s not a done deal at this point, just a memorandum of understanding which can be broken, but Suntech (STP) and Pure Energies of Canada have agreed on a supply deal which will have STP supplying up to 17MW in solar panels next year. The MOU also provides a possible supply deal for 2011 as well.
Pure Energies servers Ontario’s rapidly growing residential solar market which has been supported by the local government.
Said Suntech … Read the rest