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Solarbank Corp. ( (TSE:SUNN) ) has provided an update.
SolarBank Corporation announced a $49.5 million transaction with Qcells for the sale and construction of four solar projects in New York State. These projects, which will utilize domestically manufactured Qcells modules, are part of Qcells’ larger $2.8 billion investment to enhance U.S. solar manufacturing. The projects are expected to operate as community solar initiatives, enabling local residents to benefit from renewable energy without installing panels on their homes. The move strengthens SolarBank’s role in the clean energy industry and supports Qcells’ commitment to boosting domestic solar manufacturing.
More about Solarbank Corp.
SolarBank Corporation is a company involved in the development and construction of solar power projects, focusing on supporting the clean energy transition in the United States. Their projects often involve partnerships with leading companies in the renewable energy sector.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Sell
Learn more about SUNN stock on TipRanks’ Stock Analysis page.
