Spark Solar Australia is planning to build a $70 million solar cell factory in Canberra.

The factory will produce solar cells used in the manufacture of solar panels. CEO Michelle McCann says that initially most of the factory’s production would be exported and that they expect to pre-sell almost all of their output for the first five years.

The company hopes to build the factory, which could generate more than 100 jobs, next year with sites in Hume and Mitchell being favoured. The company is also considering sites in Queanbeyan and Wollongong and is seeking help from the ACT Government before committing to Canberra