SolarBank (SUUN) updates current and prospective shareholders about how the Company is positioning itself for success in the shifting policy environment in North America. In the United States, recent federal legislation-the so-called Big Beautiful Bill-has introduced a new timeline for clean energy investment tax credits. Under the BBB, projects that begin construction by July 4, 2026 can still qualify for the full tax credit, provided they reach commercial operation within four years. The Company has prioritized development pathways in key U.S. states where site control, interconnection progress, and permitting are sufficiently advanced to qualify for full ITC treatment under the new rules. The $100 million in project-level capital announced through a strategic partnership with CIM Group provides much of the capital to allow SolarBank to move swiftly toward construction on a 97 MW portfolio in these high-value markets.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SUUN:
- SolarBank’s Hoadley Hill Project Advances in New York Solar Expansion
- SolarBank announces 7.2 MW Hoadley Hill Road ground-mount solar project
- SolarBank initiated with a Buy at D. Boral Capital
- SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Continues to Target Data Center Boom with Renewable Energy Focus
- SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Among Early Adopters of Bitcoin Treasury Strategies