22.06.2012: Chinese-Canadian module manufacturer Canadian Solar Inc. said it has closed a purchase and international joint venture agreement with Canadian solar project developer SkyPower Ltd. Under the agreement, Canadian Solar will acquire a majority interest in 16 SkyPower solar projects being developed in Ontario. The 16 projects, all scheduled to be completed in 2014, have a combined capacity of between 190 and 200 MW (DC). Canadian Solar said it expects to receive $785 million in income from these projects. Under the second part of the agreement, the two companies will create a 50:50 international joint venture called CSI SkyPower focused on developing solar power plants in Africa, the Middle East and South America. The total value of the transaction is approximately $185 million. The initial signing of the agreement was announced last April. … Source: Canadian Solar Inc.; Summary: PHOTON http://www.canadiansolar.com http://phx.corporate-ir.net/phoenix.zhtml?c=196781&p=irol-newsArticle&
ID=1707582&highlight= The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/66664.pdf | 
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