GrandBridge and PowerBank to Co-Develop Solar and Storage Projects in Southwest Ontario

The latest update is out from PowerBank Corp ( (TSE:SUNN) ).

GrandBridge Corporation and PowerBank Corporation have entered into an exclusive three-year agreement to co-develop solar and battery storage projects of at least 2 MWac within GrandBridge Energy’s service territory in Southwest Ontario, including Brantford, Cambridge, North Dumfries and the County of Brant. Under an 80/20 ownership structure favoring GrandBridge, the partners will target IESO long-term procurement and local generation programs, as well as alternative commercialization routes such as virtual power purchase agreements and net metering, to relieve grid congestion and support growing local demand.

The partnership is designed to add local generation and storage capacity quickly and at competitive cost, helping GrandBridge manage rising peak demand driven by electrification and community growth while enhancing grid reliability and resiliency. By combining GrandBridge’s local utility presence and capital with PowerBank’s development and construction expertise, the agreement strengthens PowerBank’s market position in Ontario and signals increasing utility interest in distributed renewable and storage solutions to meet regional energy needs.

The most recent analyst rating on (TSE:SUNN) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on PowerBank Corp stock, see the TSE:SUNN Stock Forecast page.

More about PowerBank Corp

PowerBank Corporation is a renewable energy developer focused on solar generation and battery storage projects, with a track record of delivering over 100 megawatts of projects across North America. The company has operated in Ontario since 2013 and targets clean, reliable energy solutions that align with emerging grid needs and local capacity programs.

Technical Sentiment Signal: Buy

Current Market Cap: C$261.2M

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