NDAQ:SUUN - Post Discussion
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Betteryear2 on Jun 20, 2023 8:20am
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)
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