MEMC Electronic Materials, Inc. (NYSE: WFR) subsidiary SunEdison LLC said today the Ontario Power Authority has confirmed that the company has met the 60% domestic content requirements of the Ontario feed-in-tariff (FIT) program for solar projects. This means the company’s solar photovoltaic (PV) panels, to be manufactured at a new facility in Newmarket, Ontario beginning in Q2 2011, will be accepted in FIT projects in the province.
To stimulate job creation in the province's manufacturing sector, the Ontario FIT program rules require that companies wishing to participate in the program prove they are meeting the 60 percent domestic content requirements. The components included are solar PV modules, inverters, mounting systems, wiring and electrical hardware and construction and on-site labor.
SunEdison announced February 25 that it had been awarded projects totalling 31 megawatts (MW) of rated capacity by the OPA under the FIT program. The announcement added to the 28 MW of ground-mount and rooftop solar projects already deployed by SunEdison in Ontario.
Ontario’s FIT program provides contract prices over 20 years of CDN53.9 cents per kilowatt hour (KWh) for roofttop solar PV projects larger than 500 kilowatts (KW), CDN44.3 per KWh for ground-mounted projects between 10 KW and 10 MW, and higher prices for smaller projects.
Image credit: SunEdison
DISCLOSURE: The writer has no positions in, or professional connections with, these companies.
Any opinion contained in this article is solely that of the writers, and does not necessarily shape or reflect the editorial opinions of Energy Boom. Energy Boom content is for informational purposes only and is not intended to be advice regarding the investment merits of, or a recommendation regarding the purchase or sale of, any security identified on, or linked through, this site.