Sustainable Energy to develop inverter assembly, test unit in Ontario

(ADPnews) - Oct 13, 2010 - Canadian photovoltaic (PV) company Sustainable Energy Technologies Ltd (CVE:STG) said on Tuesday it would build an inverter assembly and test plant in Ontario to serve the North American market.

Production at the facility, to be located in the city of Guelph, will commence by the end of this year. It will initially produce 4 MW of the company's Sunergy inverters each month by the first quarter of 2011, with monthly capacity planned to expand to 8 MW-10 MW before the end of 2011, the company said.

The plan will be operated by local manufacturer Melitron Corp, which will additionally provide enclosures for the inverters.

Sustainable Energy Technologies said it planned to keep its sub-contracted production unit in Cambridge, Ontario and to continue to manufacture products for Europe in its sub-contract facility in China.

Demand for solar inverters will keep rising at high rates, according to a report by iSuppli Corp. The report sees 20,000 MW of new installations to be built in 2011, with the figure growing to 37,000 MW by 2014. Growth comes as a result of increased demand in new European markets and the US, and falling prices of photovoltaic module commodity.

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