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SolarBank Corporation (SUUN) delivers renewable energy solutions through distributed solar projects and clean energy infrastructure across North America. This news hub provides investors and stakeholders with timely updates on operational developments, financial milestones, and industry advancements.
Access consolidated coverage of SUUN's project launches, partnership announcements, and regulatory filings. Track progress across community solar installations, battery storage systems, and EV charging networks through verified press releases and objective reporting.
Key updates include earnings disclosures, grid interconnection achievements, and market expansion initiatives. Discover how SolarBank navigates renewable energy incentives, financing models, and community engagement strategies through its project portfolio.
Bookmark this page for continuous access to SolarBank's evolving role in sustainable energy development. Check regularly for new announcements impacting renewable energy markets in Canada and the United States.
PowerBank (NASDAQ: SUUN) reported mixed financial results for fiscal year 2025. Total revenue decreased 29% to $41.5 million, though IPP (Independent Power Producer) revenues surged 1,508% to $9.3 million. The company posted a net loss of $31.1 million, including a non-recurring impairment loss of $30.4 million.
Key strategic developments include the acquisition of Solar Flow-Through Funds Ltd. (SFF) with 29 MW of operating assets and a mandate letter with CIM Group for up to US$100 million in project financing. The company's development pipeline includes 942 MW of solar PV projects and 864 MWh of battery storage projects.
PowerBank is experiencing permitting delays in key BESS projects in Ontario and is working to resolve these challenges while maintaining its strategic focus on growing its IPP asset base for long-term recurring revenues.
PowerBank (NASDAQ: SUUN) has partnered with Intellistake Technologies as a closed beta partner for the development of IntelliScope, an enterprise AI suite. The collaboration focuses on developing AI agents specifically for the energy sector, with capabilities including analyzing geological and environmental data for renewable projects, monitoring regulatory changes, and generating intelligence summaries.
The beta testing phase involves a scoping exercise to understand PowerBank's needs, followed by the development of a customized user interface. The AI suite aims to improve workflow efficiency while ensuring transparent, traceable decision-making through decentralized AI infrastructure. PowerBank serves solely as a beta testing partner without ownership interest in IntelliScope.
PowerBank (NASDAQ: SUUN) has provided an update on three Community Solar projects in Nova Scotia, located in Sydney, Brooklyn, and West Petpeswick. The projects, totaling 12.4 MW DC, are expected to receive interconnection results within 30 days, with construction potentially starting in Spring 2026.
The projects will generate 14,369 MWh of clean energy annually, powering the equivalent of 1,140 homes and reducing CO2 emissions by approximately 10,058 tonnes. Over their lifetime, the projects are expected to generate up to $6.95 Million in electricity savings for local communities, offering subscribers bill credits of $0.02/kWh.
These initiatives are part of Nova Scotia's commitment to achieve 80% renewable energy by 2030 and represent one of only four community solar contracts awarded under the program.
PowerBank (NASDAQ: SUUN) has announced progress on two community solar projects in Skaneateles, New York, with a combined capacity of 14.4 MW. The projects, located on industrial brownfield sites, have secured all required municipal approvals including variances, site plan approval, and special use permit.
The projects will provide clean energy to approximately 2,100 homes through a community solar model, where subscribers earn credits on their electric bills from the solar power generated. PowerBank brings significant expertise with over 100 MW of completed projects and a 1 GW+ development pipeline.
These developments support New York's Climate Leadership and Community Protection Act goal of achieving 6 GW of solar capacity by 2025, with New York currently representing nearly one-third of the United States' 6.2 GW installed solar capacity.
PowerBank Corporation (NASDAQ: SUUN) announced its participation in the upcoming ArcStone-Kingswood Growth Summit, scheduled for September 18, 2025 at the St. Regis Toronto. Dr. Richard Lu, President & CEO, will present at 11:45 AM PT, discussing the company's recent milestones and future growth strategy.
The summit will feature over 20 high-growth companies and includes keynote presentations, panel discussions, and 1-on-1 meetings with institutional and retail investors. The event is invitation-only and aims to connect investors with growth opportunities while providing market insights.
PowerBank (NASDAQ: SUUN) has advanced its 2.8 MW Day Hollow solar project in upstate New York by securing site control and moving to the interconnection study phase. The project qualifies for New York's Value of Distributed Energy Resources (VDER) compensation with an estimated first-year rate of $0.0971/kWh.
The project will operate as a community solar initiative, allowing renters, businesses, and homeowners to subscribe and receive bill credits without on-site installation. PowerBank brings significant expertise with over 100 MW of completed projects and a 1 GW+ development pipeline. The Day Hollow project supports New York's goal of achieving 6 GW of solar capacity by 2025 under the Climate Leadership and Community Protection Act.
PowerBank (NASDAQ: SUUN) has announced progress on its 3.16 MW Honesdale ground-mount solar project in Pennsylvania, securing site control and moving to the interconnection study phase. The community solar project is expected to power approximately 370 homes upon completion.
The project's development is contingent on the final approval of House Bill 1842, which passed the Pennsylvania House in March 2024 and again in May 2025 with additional provisions for natural gas. The bill is currently under Senate review.
PowerBank brings significant experience to the project, with over 100 MW of completed projects and a development pipeline exceeding 1 GW. The company aims to provide clean, affordable energy to residents across various income levels through its community solar initiatives.
PowerBank (NASDAQ: SUUN) announced the completion of a major interconnection study (CESIR) for its 5.7 MW North Main St solar project in upstate New York. The project, designed to power approximately 670 homes, will operate as a community solar initiative and qualifies for New York's VDER compensation at $0.0971/kWh in the first year.
The project advances New York's Climate Leadership goal of achieving 6 GW of solar capacity by 2025. PowerBank, with over 100 MW of completed projects and a 1 GW+ development pipeline, will proceed with permitting and financing before construction begins. The community solar model will allow local residents and businesses to subscribe and receive bill credits without installing on-site equipment.
PowerBank Corporation (NASDAQ: SUUN) has secured a $1.74 million grant from Net Zero Atlantic for three community solar projects in Nova Scotia. The funding will support the development of projects in Sydney ($340k), Petpeswick ($440k), and Brooklyn ($960k), with a total generation capacity of 12.4 MW DC.
The projects are structured with 48% ownership by AI Renewable Flow-through Fund and 52% ownership by non-profit organizations or Potlotek First Nation. PowerBank, partnering with Trimac Engineering, will serve as the lead developer and builder. The initiative is part of Nova Scotia's Community Solar Program (CSP), the first of its kind in Canada, supporting the province's goal of 80% renewable energy by 2030 and achieving net-zero electricity grid by 2035.
PowerBank (NASDAQ: SUUN) has commenced installation of its first 4.99 MW Battery Energy Storage System (BESS) in Cramahe, Ontario. The SFF-06 project, secured through a $45 million acquisition of Solar Flow-Through Funds Ltd., is backed by a $25.8 million RBC loan and features a 22-year IESO contract with a premium capacity payment of $1,221/MW per business day.
The project is jointly owned through a 50-50 partnership between PowerBank and First Nations communities. The company has contracted Anvil Crawler Development Corp. for a $1.85 million civil and electrical work package. The project qualifies for up to 30% Clean Technology Investment Tax Credit on eligible capital costs.
However, the company faces challenges with its 903 project, experiencing permitting delays and negotiations with Evlo regarding payment deadlines for multiple projects.
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