SolarBank Corp

Earnings data Q1 2025

Earnings data Q2 2025

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SolarBank Corp. engages in the development and operation of solar photovoltaic power generation projects in the province of Ontario and New York state. It is involved in permitting, designing, and building behind-the-meter (BTM) solar power generation and transmission; and distribution electricity grid connected community solar gardens and utility scale solar farms. The company was founded by Richard Lü on September 23, 2013 and is headquartered in Toronto, Canada.

$9.2 million in revenue for SFF calendar year 2023; $9.4 million in revenue for SFF calendar year 2022 50.76 MW combined capacity of SFF and SolarBank independent power producer ("IPP") assets (32 MW operating and 18.76 MW under construction) 28.8 megawatts ("MW") combined capacity from over a total of 70 operating solar sites located in Ontario under long term contracts with the Ontario IESO are owned by SFF 14.97 MW aggregate discharge capacity from three battery energy storage system projects that are under construction by SFF In Ontario that are expected to operate under long term guaranteed capacity contracts from the Ontario IESO This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO , July 8, 2024 /PRNewswire/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce today that it has closed its acquisition of Solar Flow-Through Funds Ltd. ("SFF" or "Solar Flow-Through") valued at $45 million which includes SFF's over 70 operating solar sites located in Ontario and recurring operating revenues which were $9.2 million in revenue for SFF calendar year 2023 and $9.4 million in revenue for SFF calendar year 2022.

$45 Million Valued All Stock Acquisition of Solar Flow-Through Funds Ltd. Closes

US$2.5 Billion in capital for Renewable Energy projects across the United States has been directly funded by the lender - Seminole Financial Services 3.7 9 MW Geddes Project is largest project to date to be owned by SolarBank Over 500 homes expected to be provided with green energy once operational This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO , June 24, 2024 /PRNewswire/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announces that it has entered into a loan agreement with Seminole Financial Services, LLC ("Seminole") for an initial US$2,600,000 construction to mini-perm loan (the "Loan") that will be used to complete construction of the Geddes Project located in Upstate, New York (the "Project"). Seminole was founded with the goal of financing Renewable Energy and Real Estate projects.

US$2.6 Million Loan Secured by SolarBank for Geddes Project

Expected to operate as a community solar site, selling credits to subscribers. Over 800 homes expected to be provided green energy once operational Eligible to participate in the NYSUN program to receive NYSERDA incentives.

6.41 MW Solar Project Under Development by SolarBank in Bloomfield, New York

News for SolarBank Corp Stock (SUUN)