Small-cap Solar Stock Canadian Solar inks Deal with SkyPower
March 19th, 2011Canadian Solar Inc. (NASDAQ: CSIQ) shares climbed 2% to $11.19 in todays late trading. The company today announced that it has entered into a deal with SkyPower Limited for building a 10.5 MW solar park in Ontario. Both the companies have already signed two EPC agreements earlier.
Dr. Shawn Qu, president and CFO of the company, said, “In continuing with the growth of Canadian Solar and our working partnership with SkyPower, this next collaboration strengthens our position as a leader in turnkey solution providers for utility scale and commercial systems in Ontario.”
All three projects are expected to be completed by third quarter of 2011. These projects are likely to generate 28 million KWh in their first full year of operation. The projects are meant to last for 20 years and are expected to produce 600 million kWh over their lifespan. The projects will also created hundreds of jobs in the clean-tech sector.
Canadian Solar is involved in the business of designing, developing, manufacturing and marketing of solar power products. Canadian Solar is mainly operational in Canada and has international presence. The company also produces industrial solar power generation systems. The c
Tags: Canadian Solar, Skypower

