Canadian Solar, SkyPower in $187 Million Solar Farm Deal
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Canadian Solar Inc., a producer of solar cells and panels, formed a joint venture with the renewable-energy project developer SkyPower Ltd. that will provide an outlet for its products in North America and emerging markets.
Under the agreement, Canadian Solar will pay C$185 million ($187 million) for majority stakes in 16 projects that SkyPower is planning in Ontario, and the two companies will each own half of a venture that will develop solar farms in other countries, according to a statement today.