Core Viewpoint - SolarBank Corporation has filed a final short form base shelf prospectus allowing it to offer up to C$200 million in various securities over a 25-month period, replacing its previous prospectus set to expire in June 2025 [1][2]. Company Overview - SolarBank Corporation is an independent renewable and clean energy project developer focusing on distributed and community solar projects in Canada and the USA [5]. - The company has developed renewable energy projects with a combined capacity of over 100 megawatts and has a potential development pipeline exceeding one gigawatt [5]. Financial Offering Details - The Shelf Prospectus allows the company to offer common shares, debt securities, warrants, subscription receipts, units, and share purchase contracts, with terms determined by market conditions at the time of offering [2][3]. - Net proceeds from any securities sold will be used for advancing business objectives, general corporate purposes, and potential future acquisitions [3]. Regulatory Filings - A corresponding shelf registration statement has been filed with the United States Securities and Exchange Commission, but it is not yet effective [1][4]. - The Shelf Prospectus and Registration Statement can be accessed through SEDAR+ and EDGAR respectively [4].

Core Viewpoint - SolarBank Corporation has secured up to US$100 million in project-based financing from CIM Group to accelerate its growth as an independent power producer, focusing on a portfolio of 97 MW of solar power projects in the U.S. [1][2] Group 1: Financing Details - The financing will be structured as a preferred equity investment into a new joint venture entity called New HoldCo, formed between CIM and SolarBank's subsidiary, Abundant Solar Power Inc. [1][2] - SolarBank will retain a majority ownership interest in 21 solar energy projects with a total capacity of 97 MW, assuming full funding is achieved [2]. - CIM will acquire non-convertible preferred equity interests in New HoldCo and will receive a semi-annual coupon of 3% on the aggregate investment [4]. Group 2: Project Structure and Operations - New HoldCo will purchase membership interests of project companies that own the 97 MW capacity from ASP, with a payment structure of 20% at mechanical completion and 80% at substantial completion of each project [2][4]. - Each project is expected to sell investment tax credits (ITCs) to creditworthy third-party buyers under tax credit transfer agreements [3]. Group 3: Company Background - SolarBank Corporation focuses on developing renewable and clean energy projects, including solar, Battery Energy Storage Systems (BESS), and EV Charging projects, with a development pipeline exceeding one gigawatt [8]. - CIM Group has a history of delivering over $60 billion in essential real estate and infrastructure projects, emphasizing community impact and environmental sustainability [7].

Core Insights - SolarBank Corporation plans to develop a 7.2 MW DC ground-mount solar power project in upstate New York, expected to power approximately 850 homes, contributing to its expanding development pipeline exceeding one gigawatt [1][7] Project Details - The Glor Rd project will be eligible for the VDER rate compensation mechanism, with an average compensation projected at $0.0971 per kWh in the first year [2] - The project aims to secure incentives under the NY-Sun Program, targeting up to $0.245 per watt DC as a one-time payment to support financing [3] Community Solar Concept - Once operational, the project will function as a community solar initiative, allowing renters and homeowners to save on electricity bills by subscribing to the project without needing to install solar panels on their properties [4] Customer Engagement - Solar Simplified will manage customer-facing activities for the community solar projects, ensuring full project subscription and maximizing revenue from the outset, which aligns with the company's growth strategy [5] Company Overview - SolarBank Corporation focuses on developing renewable energy projects, including solar, Battery Energy Storage Systems (BESS), and EV Charging projects, with a diverse portfolio across North America [7]

TORONTO, April 23, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce its plans to develop a 4.584 MW DC ground-mount solar power project known as the Forest Hill Rd project (the "Project") on a site located in upstate New York. With a secured site lease and interconnection study underway, the Project is another key addition to SolarBank's expanding development pipeline—which exceeds one gigawatt—as well as the Company's ...

Core Viewpoint - SolarBank Corporation has refiled its Audited Consolidated Annual Financial Statements for the year ended June 30, 2024, to include the report of its predecessor independent auditor, MSLL CPA LLP, as requested by the Ontario Securities Commission Staff [1]. Group 1 - The refiled financial statements were initially filed on September 30, 2024, and no other changes were made to the 2024 Financial Statements [1]. - The refiling is part of a prospectus review process [1].

Core Viewpoint - SolarBank Corporation is expanding into the data center market and has appointed Jonathan Martone as an advisor to support this strategic initiative [1][2]. Company Overview - SolarBank Corporation is an independent renewable and clean energy project developer focusing on distributed and community solar projects in Canada and the USA [6]. - The company has developed renewable and clean energy projects with a combined capacity of over 100 megawatts and has a potential development pipeline of over one gigawatt [6]. Strategic Expansion - The company announced its strategic expansion into the data center market in November 2024 and has been evaluating potential data center opportunities since then [2]. - Jonathan Martone will assist in evaluating various potential opportunities and introducing new ones, leveraging his extensive experience in the data center and telecommunications industries [2][3]. Advisor's Expertise - Jonathan Martone has over 25 years of experience in the data center and telecommunications industries and has worked with private equity firms and data center operators to identify new sites [3][4]. - His specialties include site selection, utility work, and ensuring the availability of necessary infrastructure for data center operations [3][4]. Market Context - The demand for data centers is driven by the growth of data-hungry artificial intelligence deployments, which SolarBank aims to support through its expansion [2].

Core Viewpoint - SolarBank Corporation is developing a 7.2 MW DC community solar project in upstate New York, which is expected to power approximately 850 homes and is part of the company's expanding development pipeline exceeding one gigawatt [1][3][6] Group 1: Project Development - The Hoadley Hill Rd project has secured a site lease and is in the process of obtaining interconnection approval and necessary permits [1][2] - The project is anticipated to qualify for incentives under the NY-Sun Program by the New York State Energy Research and Development Authority (NYSERDA) [2] - SolarBank will continue to seek financing for the construction of the project once approvals are received [2] Group 2: Community Solar Benefits - Community solar allows multiple renters and homeowners to benefit from solar energy without needing to install panels on their properties, providing monthly credits on their electric bills [3] - The project aims to maximize revenue and ensure full subscription through the partnership with Solar Simplified, which manages customer-facing activities [4] Group 3: Company Overview - SolarBank Corporation focuses on distributed and community solar projects in Canada and the USA, with a development pipeline of over one gigawatt and a history of projects totaling over 100 megawatts [6]

Core Viewpoint - SolarBank Corporation has successfully closed a registered direct offering with a single institutional investor, raising approximately US$8.5 million to advance its renewable energy projects and for general corporate purposes [1][2]. Group 1: Offering Details - The offering involved the sale of 2,394,367 common shares and warrants at a combined price of US$3.55 per share, with warrants exercisable at US$4.45 per share for five years [1]. - The total gross proceeds from the offering are approximately US$8.5 million, with the potential for an additional US$10.65 million if all warrants are exercised [1][2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance independent power producer assets, including battery energy storage system (BESS) projects and a community solar project in New York, as well as for working capital and other corporate purposes [2]. Group 3: Company Overview - SolarBank Corporation is focused on developing and owning renewable and clean energy projects, particularly in distributed and community solar sectors in Canada and the USA [6]. - The company has a development pipeline exceeding one gigawatt and has completed renewable energy projects with a total capacity of over 100 megawatts [6].

Core Viewpoint - SolarBank Corporation has entered into a definitive agreement for a registered direct offering, aiming to raise approximately US$8.5 million through the sale of common shares and warrants, with potential additional funding from warrant exercises [1][2]. Group 1: Offering Details - The offering includes 2,394,367 common shares and warrants at a combined purchase price of US$3.55 per share and warrant, with warrants exercisable at US$4.45 per share for five years [1]. - The total gross proceeds from the offering are expected to be around US$8.5 million before fees and expenses, with an additional potential of US$10.65 million from the exercise of warrants [1][2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance independent power producer assets, including battery energy storage system projects and a community solar project in New York, as well as for working capital and general corporate purposes [2]. Group 3: Regulatory and Filing Information - The offering is being conducted under the Company's short form base shelf prospectus and corresponding registration statement filed with the U.S. SEC and Canadian securities regulatory authorities [3]. - A prospectus supplement will be filed on a non-offering basis with applicable securities regulatory authorities in Canada and with the SEC [3]. Group 4: Company Overview - SolarBank Corporation is focused on developing and owning renewable and clean energy projects, particularly in distributed and community solar sectors in Canada and the USA [6]. - The company has a development pipeline exceeding one gigawatt and has completed renewable energy projects with a total capacity of over 100 megawatts [6].

Core Insights - SolarBank Corporation has received approval for $1,058,616 in incentives for the 3.26 MW Camillus Solar Project under the NY-Sun Program, which has been sold to Solar Advocate Development LLC for $7.3 million [1][2] Company Overview - SolarBank Corporation is an independent renewable energy project developer focusing on distributed and community solar projects in Canada and the USA, with a development pipeline exceeding one gigawatt and over 100 megawatts of renewable projects completed [5] Project Details - The Camillus Solar Project will be a 3.26 MW DC ground-mount solar power project located on a closed landfill site, operating as a community solar project [2] - The installation of the solar electric system must be completed within 30 months of the approval date to comply with the NY-SUN Program [3] Financial Aspects - The transaction value for the sale of the Camillus Project is $7.3 million, and the receipt of incentives does not increase this transaction value [2]