The joint venture company expects the plant, which will produce solar modules with mono- and poly-crystalline silicon solar cells, to generate revenues in excess of $60m annually. The solar PV modules will be marketed under the ‘Asola’ brand.
The manufacturing facility, located near Toronto, will be modeled upon Asola’s 45MW facility in Germany in terms of the equipments, processes and quality control measures.
For manufacturing, the modules that will incorporate Asola’s proprietary technologies, the key materials including silicon solar cells will be purchased from global sources to benefit from economies of scale, in line with the global strategic plan of Quantum and Asola.
Reinhard Wecker, founder and CEO of Asola, said: “We are pleased with the energy, enthusiasm and market knowledge of Evergreen Power, and look forward to quickly launching our products into the fast growing Ontario market. We plan to bring a series of proven designs including innovative building integrated PV products to the Canadian market.”
