Solarbank Corp. ( (TSE:SUNN) ) has provided an update.
SolarBank Corporation has partnered with Viridi to develop a combined solar power and battery energy storage system in Buffalo, New York. This project, which will be built on a closed landfill site, aims to transform unusable land into a productive asset that generates clean energy for the community. By collaborating with Viridi, known for its innovative and safe battery technology, SolarBank intends to boost its market positioning in the renewable energy space. The project is subject to various approvals and financing but, once operational, will function as a community solar project offering financial savings to local homeowners and renters.
More about Solarbank Corp.
SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The company develops solar, Battery Energy Storage System (BESS), and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. SolarBank maximizes returns through a diverse portfolio of projects across multiple leading North American markets.
Technical Sentiment Consensus Rating: Strong Sell
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