Jan 29 (Reuters) - PHOTON ENERGY NV PENP.WA :
* PHOTON ENERGY AND CANADIAN SOLAR ENTER INTO CO-DEVELOPMENT FINANCING DEAL
* COS TO DEVELOP 5 UTILITY-SCALE SOLAR PROJECTS IN AUSTRALIA WITH TOTAL CAPACITY OF 1.14 GWP
* CANADIAN SOLAR WILL ACQUIRE A 51% SHAREHOLDING IN ALL FIVE PROJECT COMPANIES