Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ) and SkyPower Global (“SkyPower”) today announced the close of their landmark purchase transaction, under which Canadian Solar has acquired a majority interest in 16 solar projects representing approximately 190-200MW DC from SkyPower. The companies also formally launched their new international 50:50 joint venture agreement, called CSI SkyPower.
Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ) and SkyPower Limited (“SkyPower”) have entered into a landmark purchase and international joint venture agreement, which creates a powerful team comprising of one of the world’s largest solar companies and Canada’s largest owner and developer of solar projects to build and deploy solar energy solutions in Ontario, and to jointly develop solar projects internationally in select emerging markets.
SkyPower announced today that a leading international bank is increasing its support of solar power in Ontario. Deutsche Bank has agreed to provide SkyPower, the country's leading solar developer, with a $67 million revolving credit facility, to support the ongoing development of SkyPower's portfolio of utility-scale solar projects in Ontario. The credit facility demonstrates Deutsche Bank and SkyPower's beliefs that there will continue to be an expansion of solar and renewable power in Ontario.
SkyPower Limited, Canada’s leading solar energy company and its wholly owned subsidiaries, are pleased to announce its award of 13 new power purchase contracts under Ontario’s Feed-in-Tariff Program (FIT), totalling 148.3 MW of energy capacity.
The Ontario Power Authority (OPA) announced the successful awards for connections and contracts under the FIT program for new renewable generation capacity in Ontario.
Kitchener and Toronto ON, Canada - December 13, 2010
Canadian Solar Inc. and SkyPower Limited Announce 18.5MW Engineering, Procurement and Construction Agreement for Solar Projects in Canada Job Creating Solar Partnership to Optimize Turnkey Solutions for Utility-Scale Solar Parks
Canadian Solar Solutions Inc., a subsidiary of Canadian Solar Inc. (NASDAQ: CSIQ), one of the world’s largest solar companies, and SkyPower Limited, one of Canada's largest
owners and developers of solar energy projects, today announced they have signed an engineering, procurement and construction (EPC) agreement. As part of the agreement, Canadian Solar Solutions, through SkyPower’s power purchase agreements, will commission two solar parks with a nameplate capacity of 18.5 megawatts (MW) in Ontario. SkyPower recently closed financing on these projects with Deutsche Bank.