TSP shuts Ontario tower plant
Chinese wind tower manufacturer TSP Canada Towers has closed its doors in Ontario.
TSP invested C$25m in a 450,000-square-foot facility in Thorold in the Niagara Region, which opened in June 2012.
The plant employed about 120 people, Thorold chief administrative officer Frank Fabiano told reNEWS. “It’s a tremendous loss for the community,” he said.
The company was a joint venture between Shanghai Taisheng Wind Power Equipment and British Columbia-based Top Renergy however the partnership dissolved about six months ago, said Fabiano. The most recent production run ended at the turn of the year and the staff have now been let go.
TSP has established its own team to look at options for restructuring the business. It is not known if the factory will reopen.
“Management hasn’t closed any door nor have they committed to anything,” said Fabiano. TSP could not be reached for comment.
The company was attracted to Ontario by the province’s Green Energy Act and feed-in tariff program. Wind projects were required to meet up to 50% domestic content, prompting several international manufacturers to establish plants and build local supply chains.
However several countries challenged the buy-local requirements and the World Trade Organization ruled they violated global trade rules. Ontario scrapped the requirement in 2013.
The province has scaled back its clean energy ambitions and replaced the FiT with a competitive large renewable procurement program.