September 27 (Solar) – Solargise Canada Inc announced on Wednesday it has signed an agreement with the city of Salaberry-de-Valleyfield in Quebec for the purchase of land required to execute the first phase of a plastic-free solar panel factory project with a production capacity of 1 GW.
The company estimates that the project will require an investment of about CAD 950 million (USD 728.4m/EUR 620.3m). In its first phase, the facility will produce polysilicon ingots, wafers, HIT photovoltaic (PV) cells, as well as plastic-free glass PV solar panels. According to Solargise's executive chairman Raj Basu, the plan is to begin construction of phase one in mid-2019.
Currently, the firm is looking into sites for the second phase of this project, which includes the construction of an 11N semiconductor grade polysilicon plant, MgSi (metallurgical grade silicon) facilities and a glass plant, it noted.
(CAD 1 = USD 0.77/EUR 0.65)