Northland to buy MEMC modules for solar projects in Canada
Nov 16, 2011 - Canadian power plants operator Northland Power Inc (TSE:NPI) has agreed to buy photovoltaic (PV) modules from MEMC Singapore Pte Ltd, a unit of US silicon wafer maker MEMC Electronic Materials Inc (NYSE:WFR), for its solar project pipeline Canada.
Northland Power will invest CAD 600 million (USD 585.3m/EUR 433.9m) in establishing 130 MW of ground-mounted solar projects in Canada's province of Ontario, it said in a statement today.
Under the agreement, the PV modules will be produced in Newmarket, Ontario.
The deal is expected to create 700 jobs during engineering and construction of the projects besides the 400 employees currently producing MEMC PV modules.
MEMC started producing PV panels in Ontario for its unit SunEdison earlier this year.