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Solarbank Corp. ( (TSE:SUNN) ) just unveiled an announcement.
SolarBank Corporation has announced the development of a 2.4 MW solar power project in Sydney, Nova Scotia, as part of the province’s initiative to achieve 80% renewable energy by 2030. This project, valued at $4.57 million, will generate approximately 2,730 MWh of clean energy annually, providing electricity savings of over $1.36 million for local residents and contributing significantly to Nova Scotia’s clean energy goals. The project highlights SolarBank’s strategic vision and expertise in renewable energy, offering a flexible way for residents to participate in the clean energy transition without requiring rooftop installations.
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 Solarbank Corp. stock, see the TSE:SUNN Stock Forecast page.
More about Solarbank Corp.
SolarBank Corporation is a North American energy infrastructure developer and asset owner, specializing in community solar projects. The company has completed over 50 MW of community solar projects in the United States and is expanding its expertise into the Canadian market.
Average Trading Volume: 4,833
Technical Sentiment Signal: Buy
Current Market Cap: C$260.9M
For an in-depth examination of SUNN stock, go to TipRanks’ Overview page.