Solarbank Corp. ( (TSE:SUNN) ) just unveiled an announcement.
SolarBank Corporation has announced the development of a 4.584 MW DC ground-mount solar power project in upstate New York, expected to power 540 homes. The project is part of SolarBank’s expanding pipeline, benefiting from the VDER rate compensation mechanism and potential NYSERDA incentives. Despite recent tariffs on Southeast Asian solar cells, SolarBank’s supply chain remains unaffected, with plans to source panels from other regions. The project will operate as a community solar project, with Solar Simplified managing customer activities, ensuring full subscription and maximizing revenue. The initiative underscores SolarBank’s commitment to community solar and its strategic positioning in the renewable energy sector.
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.
Technical Sentiment Signal: Sell
Find detailed analytics on SUNN stock on TipRanks’ Stock Analysis page.