Sun Edison announced today a partnership with the electronic manufacturing facility Flextronics to begin construction on solar photovoltaic (PV) panels in Ontario, Canada. A specific aim is to help the region fulfill product demand for its new feed-in tariff program (FIT) -- the first such electricity pricing structure in North America. A FIT ensures that an owner receives a premium for the clean energy they generate.
Travel north of the U.S. border to the Canadian province of Ontario and you'll run into a thriving solar energy industry. You'll also find the work of Atlantic Wind and Solar (AWSL), a renewable energy company that has made considerable headway with solar installations and technology development across the province. Through the Ontario government's Feed-In Tariff Program (FIT) and a relationship with the Ontario Power Authority, AWSL has become a leading solar installer in the Canadian province.
As we've noted on this blog before, the apt phrase for the renewable energy industries is not, "If you build it, they will come," but rather, "If you subsidize it, they will build it." Such is the case of Ontario, Canada, which is seeing a boom in solar energy-related activity since putting in place a feed-in tariff (FIT) program earlier this year.
Chinese solar-panel maker Canadian Solar (NASDAQ:CSIQ) today announced plans to open a manufacturing plant in Ontario, Canada. According to the company press release, the facility will be capable of producing 200 megawatts (mWs) of solar modules each year and is expected to create 500 local manufacturing jobs. Investors responded positively, initially driving shares up about nine percent in early trading.