Ontario, Canada — Quantum Fuel Systems Technologies Worldwide Inc. and its German affiliate Asola, have signed a Memorandum of Understanding to establish a joint venture manufacturing plant in Ontario, Canada.
The planned initial production capacity is 30 megawatts (MW) per year of solar modules incorporating mono- and poly-crystalline silicon solar cells. The joint venture company will market solar photovoltaic (PV) modules under the Asola brand. Quantum owns a 24.9% interest in Asola.
The manufacturing facility, located near Toronto will build Asola modules incorporating proprietary technologies and the best practices from Germany, according to Asola.
“Ontario, with its progressive feed-in-tariff programs, is one of the fastest growing solar energy markets in the world,” said Alan Niedzwiecki, president and CEO of Quantum. “Ontario’s aging grid and recent blackouts have highlighted the importance of distributed generation and created a sense of urgency in this market. Manufacturing in Ontario provides us, through our affiliation with Asola, with products with the right local content, and a timely vehicle for accelerated growth, to complement our Schneider Power acquisition.”
Quantum recently acquired Ontario-based Schneider Power Inc., which has a portfolio in excess of 1,000 MW of clean electricity generation development projects across two continents.