Solar

EPOD to Build 5 MW Solar Panel Factory in BC

To increase its solar panel manufacturing capacity, EPOD International intends to construct a 5-megawatt (MW) solar panel manufacturing facility in Kelowna, British Columbia. An estimated 2 MW of production capacity is anticipated to be available within six months, with the annual capacity of the plant projected to be the full 5 MW upon completion.

The addition of solar panel manufacturing capacity will allow EPOD to further vertically integrate its solar power operations, and increase its solar panel output will enable EPOD to maximize its solar power system sales and integration in the Province of Ontario, where the Ontario Power Authority and the Ontario Energy Board announced the creation of the Standard Offer Program, a renewable energy feed-in tariff initiative. The Standard Offer Program will pay EPOD and other solar power generators CAD$0.42 per kilowatt-hour (approximately USD$0.37), under what is anticipated to be a 20-year power purchase agreement (PPA). Given the Ontario government’s increased support of solar energy through the Standard Offer Program, EPOD intends to aggressively pursue solar system sales in the Ontario market, effective immediately.