Germany’s Bosch Solar, a unit of the Stuttgart-based industrial conglomerate, has teamed up with Calgary-based Sustainable Energy Technologies to build a plant in Ontario that will integrate Bosch’s thin-film solar module with Sustainable Energy’s inverter technology.
Botch is the latest industrial company to announce a large investment in Canada’s most populous province. Last month Samsung of South Korea announced a $7 billion (€5.19 billion/ £4.68 billion) 2,500 megawatts wind and solar deal. Both Samsung and Botch (and a lot of other renewable energy developers) are eager to take advantage of the province’s green-energy legislation and progressive feed-in-tariff program.
The Toronto Star’s Tyler Hamilton, who was first to report on this investment, says the Bosch deal could create 750 new jobs by 2012.
Sustainable Energy and Bosch tell Hamilton that their plant could produce up to 70 megawatts of thin-film photovoltaic panels.