Canadian Solar Announces Deal
Canadian Solar to Supply 17 MW of Solar Modules to Potentia Solar
Canadian Solar Inc., one of the world's largest solar
companies, has entered into a master supply agreement for 17 MW of solar
photovoltaic (PV) modules with Potentia Solar Inc., an Independent Power
Producer in Ontario. Potentia will use the solar modules to power a
number of commercial rooftop solar systems to be installed in major urban areas
in Ontario.
Under the terms of the agreement, Canadian Solar will
provide modules for the development of more than one hundred rooftop solar
projects. The projects will be constructed on commercial, industrial and
institutional buildings by Potentia. Canadian Solar will deliver the solar
modules to Potentia on a per project basis, with all projects scheduled for
completion through 2014.
"Potentia is committed to becoming a leading independent
solar power producer in Ontario and delivering the best quality,
high-performing solar systems," said Chris Asimakis, president & COO of
Potentia. "We are excited to work with Canadian Solar, a company with a
sterling reputation for producing some of the most cost-effective and highest
energy efficiency solar PV modules in the industry."
When completed, enough electricity will be generated to
meet the annual needs of approximately 1,700 homes with clean, renewable solar
power. Development of the 17 MW of solar power is expected to create
approximately 260 skilled manufacturing, engineering, construction and
maintenance jobs.
"We are proud of our
continuing leadership role in building Ontario's alternative energy presence,"
said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. "Through this new master
supply agreement, together Canadian Solar and Potentia are bringing more clean
power, jobs and investment to the province."
