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Stock impact report

2.9-Megawatt Solar Project in Development by SolarBank in Gainesville, New York [Yahoo! Finance]

SolarBank Corporation (SUUN) 
Company Research Source: Yahoo! Finance
TORONTO Oct. 4, 2024 /CNW/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 2.9 MW DC ground-mount solar power project known as the Silver Springs project (the " Project ") on a site located in Gainesville, New York . With a secured site lease and interconnection study underway, the Project is another key addition to SolarBank's expanding development pipeline and presence in the region. Following the interconnection study, the Company will continue to work to complete the permitting process and secure the necessary financing for the construction of the Project. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority (" NYSERDA ") NY-Sun Program. Once completed, the Project will be operated as a community solar project. The clean energy generated by a community solar project feeds directly into the local electricity grid. De Show less Read more
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