18 June 2012
Canadian Solar Inc. has entered into a master supply agreement for 17 megawatts (MW) of solar photovoltaic (PV) modules with Potentia Solar Inc. Potentia will use the solar modules to power a number of commercial rooftop solar systems to be installed in major urban areas in Ontario, Canada.
Under the terms of the agreement, Canadian Solar will provide modules for the development of more than 100 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 in 2013.
When completed, enough electricity will be generated to meet the annual needs of approximately 1700 homes with clean, renewable solar power. Development of the 17MW of solar power is expected to create approximately 260 skilled manufacturing, engineering, construction and maintenance jobs.
Canadian Solar is focused on delivering the best value in solar with recognised high-performance modules and a backstop warranty. Potentia Solar will purchase Canadian Solar's best-selling module, the CS6P. Canadian Solar's design and production techniques ensure a high-yield, long-term performance for every module produced, earning the CS6P one of the top Photovoltaics for Utility-Scale Applications (PVUSA) Test Condition (PTC) ratings in California (US) for higher energy production.