SolarBank Corporation - Common Stock (SUUN)

SolarBank (NASDAQSUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., has sealed a $49.5 million USD transaction with Qcells, one of the world’s leading clean energy companies, for the acquisition of four ground-mount solar power projects that are under development in upstate New York ( https://ibn.fm/A9JcD ).

SolarBank (NASDAQSUUN) (CSE: SUNN) has announced key achievements from 2024, including over $67.5 million in committed financing and several strategic initiatives. Highlights include a $49.5 million transaction with Qcells for four New York solar projects, a $25.8 million financing deal with Royal Bank of Canada for battery storage projects, and a Nasdaq listing in April. SolarBank also completed its acquisition of Solar Flow-Through Funds Ltd., valued at up to $45 million, and expanded its board with renewable energy expert Chelsea L. Nickles. The company is exploring data center colocation as part of its clean energy strategy. Major projects include a $41 million deal with Honeywell for three New York community solar projects and construction of a 1.4 MW rooftop solar project for Fiera Real Estate in Alberta. SolarBank also advanced numerous community solar initiatives across New York, Pennsylvania, and Nova Scotia. CEO Dr. Richard Lu emphasized the company’s strong growth and continued momentum in expanding clean energy solutions.

SolarBank (NASDAQSUUN) (CSE: SUNN), an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the U.S., was featured in an article published by Sustainable Biz Canada. The piece highlights SolarBank’s achievement in exceeding its fiscal year 2024 income with two deals, the company’s pursuit of expansion, as well as its optimistic outlook despite vocal resistance to EVs and the anti-renewables rhetoric from the Trump administration. In the article, SolarBank’s president and CEO Richard Lu discussed sunny days ahead for the Toronto-based company as it looks forward to fulfilling its substantial project pipeline and prepares for expansion into electric vehicle (“EV”) charging and data centers.

SolarBank (NASDAQSUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is expanding into the fast-growing battery energy storage market. The company has closed a $25.8 million non-recourse loan with the Royal Bank of Canada to fund the construction, operation and maintenance of two 4.99 MW battery energy storage system (“BESS”) projects in Ontario, named SFF 06 and 903 ( https://ibn.fm/G76GJ ).

SolarBank (NASDAQSUUN) (CSE: SUNN), a developer and independent power producer specializing in renewable energy, will participate in The Microcap Conference 2025, held Jan. 28-30 at the Borgata Hotel Spa & Casino in Atlantic City, N.J. CEO Dr. Richard Lu will present on Jan. 29 at 10 a.m. in Studio 2 and engage with investors to highlight SolarBank’s portfolio of over 100 solar power plants and its pipeline exceeding 1 gigawatt in solar, battery storage, and EV charging projects across North America. The conference will feature industry keynotes, expert panels, and networking opportunities, including a fireside chat with New York Islanders co-owner Jon Ledecky and CNBC’s Bob Pisani, alongside entertainment from comedian Tom Papa.

SolarBank (NASDAQSUUN) (CSE: SUNN), a leading developer and operator of renewable energy projects in North America, has engaged IBN to manage its corporate communications. SolarBank specializes in distributed and community solar initiatives, leveraging solar photovoltaic systems, battery energy storage systems (BESS), and expanding into EV charging infrastructure. With over 100 MW of developed capacity and a development pipeline exceeding 1 GW, SolarBank collaborates with utilities, municipalities, and commercial entities to advance sustainable energy solutions. IBN will utilize its extensive distribution network and investor-focused resources to amplify SolarBank’s market presence and investor outreach.

SolarBank (NASDAQSUUN) (CSE: SUNN) is a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the United States. The company is committed to advancing the transition to sustainable energy by offering end-to-end services that include project origination, financing structuring, engineering, procurement, construction, and long-term operations and maintenance. SolarBank focuses on delivering innovative energy solutions through solar photovoltaic systems, battery energy storage systems (“BESS”), and electric vehicle (“EV”) charging infrastructure.

SolarBank (NASDAQSUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) announced that its subsidiary has secured the financial closing of a combined project loan in a principal amount of $25.8 million from Royal Bank of Canada. The loan will be used for the construction, operation and maintenance of two 4.99 MW Battery Energy Storage System (“BESS”) projects to be located in Ontario, with project names SFF 06 and 903, respectively. According to the announcement, the projects are owned by 1000234763 Ontario Inc., which is the borrower under the terms of the loan. The projects represent SolarBank’s initial foray into battery energy storage, a market that Fortune Business Insights forecasts to grow at a 16.3% CAGR from 2022 to reach US$31.2 billion by 2029.

SolarBank (NASDAQSUUN) (CSE: SUNN) has announced the sale of four ground-mount solar power projects under development in upstate New York to Qcells, a subsidiary of Hanwha Solutions (KRX: 009830). The projects, totaling 25.577 MW, will be developed and constructed by SolarBank under engineering, procurement and construction (“EPC”) agreements valued at approximately $49.5 million. These community solar projects, leveraging U.S.-manufactured equipment, are expected to benefit from New York’s NY-Sun Program incentives. SolarBank anticipates retaining operations and maintenance contracts post-construction. Qcells highlighted its commitment to strengthening domestic solar manufacturing as part of a broader $2.8 billion investment in clean energy.

ATLANTIC CITY, NJ / ACCESSWIRE / November 27, 2024 / DealFlow Events is pleased to announce the initial lineup of companies participating in The Microcap Conference, set for January 28-30 in Atlantic City, NJ. Now in its second year, the event is a key gathering for microcap and small-cap investors, offering a platform for investment and collaboration.

Projects are being developed as part of a US$41 million transaction Over 2400 homes expected to be provided green energy once operational Once projects are complete, expected to operate as a community solar site, selling credits to subscribers   Toronto, ON – April 11, 2024 — SolarBank Corporation (Cboe CA: SUNN) (NASDAQSUUN) (FSE: GY2) […]

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