Suntech Power Holdings Co., Ltd. (STP) entered into an agreement with Pure energies in Ontario, Canada, to supply up to 17MW in 2010. The memorandum of understanding, which provides a framework for module supply from Suntech to Pure energies, is focused on bringing affordable, high-quality solar systems to Ontario’s rapidly growing residential solar market
 
Under the deal, Pure energies, which installs, leases and operates solar power systems, will market and use Suntech’s panels for residential solar systems in Ontario . The agreement between the companies extends through 2011. Pure energies will begin marketing Suntech panels immediately for installations beginning in 2010.
 
Pure energies’ offering is bolstered by the Ontario Power Authority’s (OPA) microFIT Program, designed to encourage the development of sub 10 KW renewable energy projects across the province.
 
Suntech and other solar power companies expect demand for solar power systems to grow in 2010, following a tough year in 2009 when panel prices tumbled and financing tightened. Suntech plans to increase its production capacity to 1.4 gigawatts and boost shipments at least 75% in 2010.
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