$7.3 million USD Transaction Entered into with Solar Advocate Development LLC for the Sale and Construction of the Camillus Solar Project

Date:

March 19, 2025

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 23, 2024, to its short form base shelf prospectus dated May 2, 2023

TORONTO, March 19, 2025 /PRNewswire/ – SolarBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN, FSE: GY2) (“SolarBank” or the “Company”) is ‎pleased to announce that its 3.26 MW Camillus Solar Project (the “Project“) has been sold to, and will now be constructed for, Solar Advocate Development LLC (the “Owner“) in a transaction valued at $7.3 million USD.

Dr. Richard Lu, CEO of the Company commented: “This is the eighth community solar project that will be constructed and operated…

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$7.3 million USD Transaction Entered into with Solar Advocate Development LLC for the Sale and Construction of the Camillus Solar Project

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$7.3 million USD Transaction Entered into with Solar Advocate Development LLC for the Sale and Construction of the Camillus Solar Project

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