SolarBank Ord Shs SUUN

Alternate Symbol(s): N.SUNN

Industrials Conglomerates

SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The Company is engaged in the development, construction, and operation of solar photovoltaic (PV) power generation projects, battery energy storage systems, and electric vehicle (EV)-charging projects in Canada and the United States. The Company develops solar projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple solar markets, including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 70 megawatts built. The Company is also engaged in other clean and renewable technologies.

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Post by Betteryear2on Jun 20, 2023 8:20am

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Post# 35504735

SolarBank Submits Revised Pricing

SolarBank submitted proposals for projects across Ontario utilizing Lithium Iron Phosphate technology
If awarded, SolarBank will advance each project through permitting, engineering, procurement, construction, and commercial operation
Awarded contracts are expected to operate under a 22-year contract with additional revenue earned from Ontario's energy and ancillary markets

TORONTO, June 20, 2023 /CNW/ - SolarBank Corporation (CSE: SUNN) (OTC: SUUNF) (FSE: GY2) ("SolarBank" or the "Company") is ‎pleased to announce the submission of revised pricing for three separate proposals, following submission of the full proposals in early 2023, to the Independent Electricity System Operator's ("IESO") Expedited Long-Term 1 ("E-LT1") Reliability Procurement in Ontario. The proposed projects are owned by Solar Flow-Through Funds and two First Nations communities in Ontario (the "Investors"). The proposals represent SolarBank's initial foray into battery energy storage, a market forecast by Fortune Business Insights to grow at a 16.3% compound annual growth rate from 2022 to reach US$31.2 billion by 2029.1

SolarBank Submits Revised Pricing for 60 MWh of Battery Energy Storage Proposals to Ontario Independent Electricity System Operator on Behalf of Investors (newswire.ca)