Bullboard - Stock Discussion Forum SolarBank Ord Shs N.SUNN

Primary Symbol: SUUN

Utilities Utilities - Independent Power Producers

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... see more

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NDAQ:SUUN - Post Discussion

SolarBank Ord Shs > SolarBank Awarded $36 Million in EPC Contracts

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Post by Betteryear2 on Oct 04, 2023 9:53am

SolarBank Awarded $36 Million in EPC Contracts

This news release constitutes a "designated news release" for the purposes of the Company's
prospectus supplement dated June 29, 2023 to its short form base shelf prospectus dated May 2, 2023.

TORONTO, Oct. 4, 2023 /CNW/ - SolarBank Corporation (CSE: SUNN) (OTC: SUUNF) (FSE: GY2) ("SolarBank" or the "Company") is ‎pleased to announce that further to its press release of June 28, 2023, it has now entered into engineering, procurement, and construction ("EPC") agreements dated October 3, 2023 for the construction of three separate BESS projects (the "Projects") with a total contract value of approximately $36 million. The Projects are owned by Solar Flow-Through Funds, two First Nations communities, and a third party developer in Ontario (the "Investors"). The battery energy storage market is 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 Awarded $36 Million in EPC Contracts for Ontario Battery Energy System Storage Projects (newswire.ca)

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