January 28 (Renewables Now) - The Canadian government is funding a 23-MW photovoltaic (PV) project by Canadian Solar Inc (NASDAQ:CSIQ) amid efforts to incorporate renewable energy technologies into the power system.
The specific solar park will be installed near Suffield, in the western province of Alberta, with CAD 15.3 million (USD 11.6m/EUR 10.1m) from the Department of Natural Resources’ Emerging Renewable Power Programme, the government announced on Thursday. The overall cost of the scheme is estimated at CAD 49 million.
The Suffield project, developed and owned by Canadian Solar’s subsidiary Suffield Solar LP, will use two-sided solar panels, which will serve to demonstrate the potential of that equipment. Its deisgn, according to the statement, is expected to improve the power generation efficiency by 10%-15% and thus enhance grid reliability. Once operational, the plant will be able to produce electricity for about 7,400 homes each year.
Separately, the Canadian government announced a CAD-5-million investment to build 100 electric vehicle (EV) fast chargers across Quebec, to be built by regional utility Hydro-Quebec.
(CAD 1.0 = USD 0.757/EUR 0.663)