Everbrite Solar to invest $500 million in project
KINGSTON, ON, March 25 /CNW/ - After reviewing several locations,
Everbrite Solar, a division of Everbrite Industries Ltd. of Toronto, today
announced plans to locate its state-of-the-art ultra-high efficiency
photovoltaic (PV) manufacturing facility in Kingston.
With the help of several financial advisers, Everbrite Solar is raising
$500 million to invest in a highly specialized, robot-controlled manufacturing
facility using leading-edge technology in the realm of "thin-film" solar
module production. Everbrite also looks forward to discussions with the
Government of Ontario regarding the project and the opportunity it presents.
The planned plant will have an annual output of thin-film modules capable of
generating 150 MW of clean solar power, and generate more than 1,200 direct,
indirect and induced "green collar" jobs in the Kingston area.
"With this next-generation optical and coating technology and mechanized
production process," said Everbrite Solar President and CEO Karl Scherre,
"generating clean solar power will, at last, be cost-competitive with
electricity produced from the burning of fossil fuels."
Within just the past three years, solar panel technology has improved in
leaps and bounds. Traditional PV modules, composed of solid crystalline
material, are being replaced in the market by modules constructed by
depositing extremely thin layers of photosensitive materials onto a low-cost
backing such as glass, stainless steel or plastic. These "thin-film" modules
are less costly and more efficient than their predecessors. Since the first
generation of thin-film modules became available, researchers have been
experimenting with different materials to increase the spectrum of light
available for conversion to electricity, and the efficiency of the modules.
Everbrite Solar's revolutionary technology surpasses traditional thin-film
modules by dramatically increasing the efficiency of the module, lowering
costs significantly and eliminating the environmental hazards associated with
the earlier generations.
A key part of today's announcement is Everbrite's intention to seek a
collaborative research agreement with Queen's University to engage a
multi-disciplinary team of researchers to help ensure that Everbrite continues
to be at the forefront of photovoltaic technology. Everbrite intends to invest
up to $25 million to build an experimental thin-film manufacturing facility to
which the Queen's researchers will have access for their studies and, as a
result, help ensure that Kingston remains a focus of excellence in thin-film
"Queen's participation in Everbrite Solar's Kingston research and
development community will ensure that the ultra-high efficiency thin-film
modules produced by Everbrite will continue to improve and be best in class
for quality, efficiency and production costs," said Mr. Scherre.
By using a broader spectrum of light and thereby producing electricity
for more hours daily - even on cloudy days - these modules are ideally suited
to the Canadian climate. Demand for solar panels is expected to increase
exponentially, and Everbrite Solar is confident that the company will be in a
strong position to capitalize on what is expected to be a $50 billion market
"Here in Ontario, having a stable and home-grown supply of solar panels
will help the province achieve its goal of shifting more of its electricity
production to renewable sources of energy and make Ontario a leader in the
field of solar power generation," said Mr. Scherre.
About Everbrite Solar
Everbrite Solar, a division of Everbrite Industries, is a manufacturer of
ultra-high efficiency thin-film solar panels. Using state-of-the-art robotic
manufacturing techniques, we are able to mass produce the best quality,
environmentally friendly solar panels available in North America, with a
production cost at or below any manufacturer in the world, enabling
large-scale solar farms to generate electricity at a cost below that of most
About Everbrite Industries
Everbrite Industries is a full-service Industrial and Commercial
Electrical Contractor located in Toronto. Established in 1984, Everbrite
Industries has worked closely with clients to install electrical
communications, mechanical and control systems to fully service the industrial
and commercial sectors.
For further information:
For further information: Brian Smith, (416) 822-3130,