Canadian Solar Cos. Ink $187M Purchase, JV Deals

Law360, New York (April 17, 2012, 3:43 PM EDT) -- Canadian Solar Inc. announced Tuesday it reached a CA$185 million (US$187 million) deal for majority stakes in 16 SkyPower Ltd. solar projects and formed a joint venture for future endeavors with the fellow Canada-based solar company.

The 50-50 international joint venture will focus on emerging markets, with projects slated to start generating revenue within the next two to three years, according to a statement Canadian Solar issued Tuesday.

Canadian Solar did not specify which markets the joint venture intends to target. A company spokesman declined Tuesday...
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