Ottawa-based Solantro Semiconductor has received a $4 million loan from the provincial government, the Ministry of Research and Innovation announced on Wednesday.
The money will support the field-testing of semiconductor technology that’s intended to increase the energy output of solar panels, while lowering the cost.
The money will also be used to create at least 20 new jobs in Ottawa, the province said.
“We are giving Ontario companies, like Solantro, the tools they need to compete and win in the global marketplace. Today’s announcement will not only mean new jobs in the Ottawa area, but it will help secure our place as a world leader in renewable energy manufacturing,” said Bob Chiarelli, member of provincial Parliament for Ottawa West-Nepean, in a press release.