Sustainable Energy bets on Ontario solar market

Sustainable Energy Technologies Ltd, a solar equipment maker that recently relocated to Toronto from Calgary, may soon land its first large-scale orders in its new home province, the world's newest "go-to" region for solar power.

The company, whose shares have risen 150 percent in the past year, also expects to announce a tie-up soon with a top European solar panel maker to supply the Ontario market with thin-film panels carrying Sustainable Energy's power inverters, its chief executive said on Monday.

Inverters are key components of power systems that turn the sun's rays into electricity as they convert the direct current output generated by the solar panels into the alternating current that the power grid runs on.

For further information: Reuters