The new entity, Helios Power Canada, started commercial operation last week, and aims to serve the utility scale solar market as Ontario’s feed-in tariff (FiT) programme gathers pace over the next two years.
Ontario’s Green Energy Act, passed in 2009, introduced generous feed-in tariff rates for clean energy development.
"There is a clear path going forward for the evolution of the solar industry, and this alliance positions Helios Power Canada in the right track," said Martin Pochtaruk, President of Heliene.
Helios Power Canada brings a combined manufacturing capacity of 150MW and installed operating modules in the province totalling more than of 75MW representing 25%of the installed solar base in Ontario.
The company has committed a percentage of its manufacturing capacity for existing contracts owned by Silfab, which also has operations in Ontario, and Heliene.
“Demand for quality solar modules, needed in the Province of Ontario under the FiT Program during the next two years, requires a capable and strong manufacturing partner, with sufficient capacity and flexibility to be able to satisfy timely manufacturing of large quantities of bankable PV modules,” Heliene said in a statement
“By sharing resources, we will be equipped to fulfil future contracts in a materially more efficient manner,” it added. “By streamlining our operations, quoting capacities and offering a reduced vendor base, this consolidation of our companies' commercial capabilities will definitely achieve positive results for our clients.”