The latest announcement is out from Solarbank Corp. ( (TSE:SUNN) ).
SolarBank Corporation has announced the development of a 7.2 MW DC ground-mount solar power project, the Glor Rd project, in upstate New York. This community solar project is expected to power approximately 850 homes and is part of SolarBank’s expanding development pipeline, which exceeds one gigawatt. The project will utilize the VDER rate compensation mechanism and is eligible for incentives under the NYSERDA NY-Sun Program. Solar Simplified will manage customer-facing activities, allowing SolarBank to focus on project development. The project faces risks such as interconnection approval and financing availability, but it represents a significant step in SolarBank’s commitment to advancing community solar and expanding its renewable energy portfolio.
More about Solarbank Corp.
SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The company develops solar, Battery Energy Storage System (BESS), and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. It maximizes returns via a diverse portfolio of projects across multiple leading North American markets, including projects with utilities, host off-takers, community solar, and virtual net metering projects.
Technical Sentiment Signal: Sell
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