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Stock impact report

$7.3 million USD Transaction Entered into with Solar Advocate Development LLC for the Sale and Construction of the Camillus Solar Project [Yahoo! Finance]

PowerBank Corporation (SUUN) 
Company Research Source: Yahoo! Finance
TORONTO March 19, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN , FSE: GY2) ("SolarBank" or the "Company") is ?pleased to announce that its 3.26 MW Camillus Solar Project (the " Project ") has been sold to, and will now be constructed for, Solar Advocate Development LLC (the " Owner ") in a transaction valued at $7.3 million USD Dr. Richard Lu , CEO of the Company commented: "This is the eighth community solar project that will be constructed and operated for Solar Advocate as part of a relationship that originated in 2018. The fact that they are a repeat customer is a testament to SolarBank's ability to deliver projects and create long term sustainable value for its partners. We continue to execute on our strategy of growth in the EPC segment of the business and the Independent Power Producer segment of the business." The Project is being constructed as a 3.26 MW DC ground-mount solar power project on a closed landfill site and will operate as a communit Show less Read more
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