Venture plans Canada’s first thin-film solar plant

By Editorial

Fri Mar 19 2010, 10:45 AM

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Ontario-based Solar Source Corp, a subsidiary of Solar Bancorp, is forming a joint venture with Bangalore-based Hind High Vacuum to produce thin-film solar panels in Canada. The pair plan to build a manufacturing plant on Prince Edward Island to make amorphous silicon-based thin-film modules. The facility is expected to be the first to produce thin-film solar panels in Canada. The 120MW plant will be built in four phases, with the first phase slated to have an annual production capacity of 30MW.

Deal Details

Partners
- Hind High Vacuum
- Solar Source Corp

The firms are also planning a crystalline silicon-based solar panel plant in Ontario with a 120MW capacity. The projects are reportedly expected to cost a combined USD240m.