Suntech Power Holdings (NYSE: STP), a leading manufacturers of photovoltaic (PV) cells and modules, announced that its subsidiary, MSK Corp. has reached an agreement with ARISE Technologies Corp. (APV.V), to distribute the MSK Just Roof(TM) system in Canada.
Just Roof, one of MSK’s Building Integrated Photovoltaic (BIPV) systems, functions as a fully self-contained watertight roof structure, eliminating the need for traditional roofing materials below the panels. The Just Roof product is ideally suited for new construction projects, but can also be retrofitted to existing roof tops.
Says Dr. Zhengrong Shi, Suntech’s chairman and CEO, “MSK’s BIPV systems are seeing substantial sales penetration in Japan [4000 systems sold]where they are even being offered as a standard feature by some of our home builder customers. We look forward to encouraging the adoption of this exciting solar technology in North America and Europe.”
Consumer demand for solar products in Canada is expected to be driven by recent initiatives promoting the use of renewable energy. Under Ontario’s Standard Offer Program, the Ontario government will pay approximately $0.37/kWh for power generated by solar energy over a period of 20 years. To promote this new policy, the Canadian government recently partnered with ARISE and MSK to install North America’s first Just Roof(TM) system on a demo home in Waterloo, Ontario.
Loading...