July 30 (Renewables Now) - Ontario-based solar panel maker Canadian Solar Solutions Inc will receive close to CAD 8 million (USD 6.1m/EUR 5.5m) in government financing to develop and test high-density photovoltaic (PV) panels that are 20% more efficient as compared to conventional ones.
The federal support was announced last week by Catherine McKenna, Minister of Environment and Climate Change, and will be distributed under the Department of Natural Resources’ energy innovation programme.
The new solar panel, called HiDM, will use a first-of-its-kind shingled module technology that can be adapted to any type of solar cell, according to the statement. The research and development (R&D) project is expected to create more than 50 additional jobs at Canadian Solar’s advanced technologies and manufacturing centre in Guelph.
"By investing in Canadian innovation, we can tap into the growing global market for clean solutions while fighting climate change and building a cleaner, more prosperous future for our kids and grandkids," McKenna said.
(CAD 1.0 = USD 0.759/EUR 0.682)