Besides the above thin film solar panel making facility, the JV MOU also includes a proposal to build in four phases - a 120 MW crystalline silicon solar panel manufacturing facility in Ontario, to take full advantage of the explosive Ontario renewable energy marketplace. The total investment on the two projects will be around US$240 million with the Canadian Government and its agencies providing initial support of US$30 million. Ross Beatty, President of SSC, stated, Solar Source Corp is pleased to be associated with HHV for their initial panel manufacturing launch into the North America market. HHV has acquired significant expertise in thin-film solar panel production technology. Prasanth Sakhamuri, Managing Director of HHV, said,HHV is producing world-class, solar panel manufacturing equipment which results in the most cost effective production of amorphous silicon thin-film panels, advanced solar photovoltaic (SPV) modules and solar technology-based solutions . Our SPV Modules will be compliant with IEC and UL standards for photovoltaic design and safety. We are excited to partner with Solar Source Corp of Canada, as the North American solar energy market is entering its initial phase of a very long term upward trend.
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