Toronto, ON – Sustainable Energy Technologies Ltd and Bosch Solar Energy AG announced this week that they have agreed to jointly market Bosch thin film PV modules in combination with the Sustainable Energy’s SUNERGY inverter for the Ontario market.

Under a memorandum of understanding, Bosch Solar Energy will be the preferred supplier of high efficiency micro-morph thin film PV modules for PARALEX systems distributed by Sustainable Energy in the Province of Ontario. PARALEX is an integrated solar PV product solution for rooftop and ground based solar PV systems consisting of yield-optimized solar PV panels, inverters, wiring and other DC electrical components. 
 
"We are very excited about this partnership with Sustainable Energy, because it enables Bosch Solar Energy to introduce its expertise in the thin-film technology to the growing Canadian market for the first time," said Peter Schneidewind, Executive Vice President of Bosch Solar Energy AG. "Thanks to new funding structures in many places, the Canadian solar market offers great potential in the next years. With this well-matched combination of Bosch solar modules and photovoltaic components from Sustainable Energy we can offer a competitive system in the future that, above all, allows us to begin to appropriately serve this appealing solar market in Ontario."
  
The Bosch-PARALEX combination is a solar PV product which levers the value of Bosch Solar Energy’s micro-morph technology and Sustainable Energy’s parallel system architecture to increase the number of kilowatt hours for each kilowatt of rated capacity. Unlike other systems, which require expensive custom system design, the PARALEX solution is an integrated package which, according to the companies, can be installed safely and inexpensively by mainstream building trades reducing total system cost by a substantial discount to current market pricing.

Under the memorandum of understanding, the Bosch Solar Energy and Sustainable Energy are committed to developing a roadmap to build modules and inverters in the Province which will meet 2010 and 2011 domestic content thresholds of the Ontario feed in tariff program. Targeted installations are between 10 and 15 MW for 2010 and between 50 and 75 MW for 2011.  

"Bosch Solar Energy is the ideal partner with which to roll out this strategy in Ontario," added Robert H. Bucher, President & CEO of Sustainable Energy. "One of the leading electronics companies in the world, the Bosch reputation for quality brings immediately credibility and bankability to the Ontario solar PV market. Its thin film technology is a near perfect fit for the Ontario market delivering more power than conventional crystalline modules in diffuse and indirect lighting and during hot summer months."
  
For more information visit www.bosch-solarenergy.com or www.sustainableenergy.com.  

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