Solar power mounts in Canada

December 11, 2009

canadaflag Solar power is heating up in the northern reaches of  Canada, a country not exactly known for its sunny rays and warm weather.

The industry has seen a heap of news from the region this week. US. solar heavyweight First Solar and Canadian pipeline company Enbridge announced that they are quadrupling the size of a solar farm in Ontario.

That’s on top of Chinese solar company Canadian Solar’s plans for a new $23 million plant in the province and a supply deal for Suntech in Ontario, too.

Why Canada and solar?

As Raymond James analyst Pavel Molchanov pointed out, having optimal solar patterns is not as important for the economics of a project than the right set of incentives.

(Case in point: Germany is the world’s top solar market, not a ranking it won by its weather.)

Currently Ontario has a European-styled incentive structure. That — plus its sizeable population — is heating up interest from the solar power industry.

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Canada and solar power seems like a mismatch couple. I would think that Canada can use wind energy instead of solar energy.

Posted by scheng1 | Report as abusive