An announcement from Solarbank Corp. ( (TSE:SUNN) ) is now available.
SolarBank Corporation has renewed its base shelf prospectus, allowing it to offer up to C$200 million in securities over a 25-month period. This strategic move provides SolarBank with the flexibility to raise capital as needed, supporting its business objectives and potential future acquisitions, which could strengthen its position 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 that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. SolarBank maximizes returns through a diverse portfolio across multiple leading North American markets, including utilities, host off-takers, community solar, and virtual net metering projects. The company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.
Technical Sentiment Signal: Buy
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