The
transaction
price
is
approximately
C$
185m
($185m)
to
be
paid
at
certain
milestones.
Canadian
Solar
will
assume
certain
security
deposits,
which
are
typical
with
20-year
feed-in
tariff
(FIT)
contracts
that
cover
15
of
the
projects.
In
conjunction
with
the
transaction,
a
five-year
warrant
is
being
issued
to
SkyPower
for
9.9%
of
Canadian
Solar's
outstanding
shares,
with
a
strike
price
of
US$
5.00.
The
projects
are
in
the
advanced
permitting
stage
and
are
expected
to
begin
construction
in
2013
and
be
fully
operational
in
2014.
They
are
expected
to
generate
over…
