3.7-Megawatt Solar Project in Development by SolarBank in New York

Over 430 Homes Expected to be Powered by this Community Solar Project

TORONTO, Oct. 10, 2024 /PRNewswire/ – SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) (“SolarBank” or the “Company”) is pleased to announce its plans to develop a 3.7 MW DC ground-mount solar power project known as the Congress project (the “Project“) on a site located in Seneca County, New York. With a secured site lease and interconnection study underway, the Project is another key part of SolarBank’s expanding development pipeline—which exceeds one gigawatt—as well as the Company’s commitment to advancing community solar.

The clean energy generated by community solar projects feeds directly into the local electricity grid. Depending on the size and number of panels a community solar project has, renters and homeowners can earn credits on their electric bill and save money from the electricity that is generated by a project.

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