Financing Our Solar Manufacturing Plant is Now in Action
Recently we have been finalized our business plans and projected financial statements for financing of high efficiency solar panel manufacturing plant in Ontario. These plans are now in presentation and negotiation process with lenders.
Our goal is to launch the plant in early 2011 with the high end technology and comprehensive list of advantages for customers and also the Ontario’s solar market. According to FIT and Micro-FIT all approved projects must use 60% domestic contents in their projects. Our products are not only meet more than 60% domestic content but also creatively modified and engineered to maximize the output of the system which translate to more dollars in customer’s monthly payments of their solar projects.
Ontario Solar Power could match US Nuclear Power
Queen’s University Applied Sustainability Research Group located in Kingston, Canada comes out with two studies that claim solar power in southeastern Ontario can be created in abundance. The natural question is how much abundance? The answer is mind-boggling. Southeastern Ontario has the potential to produce almost as much power as all the nuclear reactors in the United States! Queen’s mechanical engineering professor Joshua Pearce is the first person to find out the astounding possibilities of the region’s solar energy potential. He says, “The number is enormous. Solar can no longer be laughed off as something that can only power your cottage.”
Green Jobs Rounding out Manufacturing Positions
Ontario’s Green Energy Act appears to be playing a significant role in boosting the province’s economy as demand for skilled labour and new technologies transforms towns more accustomed to monolithic industries.
Under the Act, communities earn a premium for renewable power projects in which they have an economic stake. Such incentives are helping to breath new life into the province’s underused manufacturing capacity at a time when green jobs are at the forefront of an economic rebound in Ontario.
Solar Economy Joins Traditional Economic Heavyweights
Some Ontario cities that once depended directly or indirectly on the car industry are now looking to green jobs as demand for auto manufacturing continues to decline. Training in photovoltaic (PV) manufacturing and solar installation is expected to grow along with demand for these new skills.
About an hour’s drive west of Toronto, a Kitchener-based company has retooled itself from a primarily auto manufacturer to a solar economy player – solar assets from ATS Automation Tooling Systems were spun off into Canadian Solar. At a new PV solar module facility expected to be completed later this year, experts predict as many as 500 new green jobs could emerge.
In another mature industry, former steel executives are among the private investors backing a new PV solar panel manufacturing plant owned by Heliene Canada in Sault Ste. Marie. The government of Ontario has also invested $2.5 million in this new project. When it is fully operational, Heliene Canada will employ at least 36 workers.
PV Panels to Transform Canada’s Motor City
In Windsor, a former auto executive is the driving force behind another solar panel manufacturer. Sean Moore, CEO of Unconquered Sun Solar Technologies, says the plant will employ 40 by the end of the summer, creating PV solar panels used in the types of installations included in recent project announcements. Solar panels represent about half the cost of a typical solar home installation.
Another Windsor-area plant intends to create some 200 new jobs. Solar Source Corp. credits government investments and Windsor-Essex’s highly skilled labour force with helping it secure a new partnership with India-based Hind High Vacuum Co. (HHV Solar) – a company specializing in crystalline silicon solar PV panels.
Ross Beatty, President of Solar Source Corp., is impressed with the way Windsor has embraced the greening of the province’s economy. “Solar Source Corp. is pleased to be associated with the City of Windsor for our initial solar panel manufacturing launch into the North American market,” Mr. Beatty says.
