Canadian Premium Sand has entered into a second memorandum of understanding (MOU) with a North American solar panel maker to supply glass for solar panels. After working out a deal with Qcells, CPS now has a second deal with Heliene. CPS will supply its patterned solar glass from its glass manufacturing facility that is currently being developed in Selkirk, Manitoba.
In addition to a facility in Canada, Heliene operates an expanding solar module assembly plant in Minnesota.
“Following several months of progressive discussions and a visit to Heliene’s Mountain Iron facilities earlier this year, we are delighted to now enter into an MOU with Heliene regarding long-term supply of our low-carbon, patterned solar glass,” stated CPS president and CEO Glenn Leroux. “Heliene’s anticipated glass demand in 2024 reflects over 40% of our production capability for Phase 1 of our facility. We look forward to working with Heliene as a strategic partner and supporting their future growth plans.”
CPS had previously stated that Qcells’s North American solar glass demand requirements of over 3 GW of module manufacturing represents over 80% of its planned Phase 1 production capacity.
Martin Pochtaruk, President of Heliene, comments, “Amid exploding solar demand and trade volatility, our customers seek peace of mind that they are receiving the highest quality, competitively priced solar modules exactly when and where they need them. Having CPS supply us with a low-carbon glass, free of any geopolitical pressures is an enormous leap forward in the right direction.”
CPS continues to advance other development initiatives that will bring the solar glass project to a shovel-ready status, including detailed engineering, permitting, silica sand resource upgrading and testing and ongoing negotiations to convert other existing expressions of interest to commercial offtake agreements.
News item from CPS
