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Solarbank Corp. ( (TSE:SUNN) ) has shared an announcement.
SolarBank Corporation has announced progress on two 14.4 MW community solar projects in Skaneateles, New York. These projects have achieved a significant milestone with positive interconnection results, paving the way for the permitting process and potential incentive eligibility under the NY-Sun Program. Upon receiving the necessary permits and financing, SolarBank aims to commence construction, with the projects expected to provide clean energy to approximately 2,100 homes. These developments not only reinforce SolarBank’s positioning in the renewable energy sector but also contribute to the expansion of community solar initiatives, offering homeowners the benefit of solar energy without needing personal installations.
More about Solarbank Corp.
SolarBank Corporation is an independent developer and owner of renewable and clean energy projects, focusing on distributed and community solar projects across Canada and the USA. The company develops solar, Battery Energy Storage System (BESS), and EV Charging projects, selling electricity to a variety of off-takers, including utilities and residential clients. SolarBank has developed projects with a combined capacity of over 100 megawatts and maintains a potential development pipeline exceeding one gigawatt.
Technical Sentiment Consensus Rating: Strong Sell
For a thorough assessment of SUNN stock, go to TipRanks’ Stock Analysis page.
