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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
SUUNSolarBank Corp(SUUN) Prnewswire·2025-03-19 11:00

Core Viewpoint - SolarBank Corporation has successfully sold its 3.26 MW Camillus Solar Project for 7.3millionUSD,markingacontinuedpartnershipwithSolarAdvocateDevelopmentLLC,whichhighlightsthecompany′sabilitytodeliverprojectsandcreatesustainablevalueforitspartners[1][2][3]CompanyOverview−SolarBankCorporationisanindependentrenewableandcleanenergyprojectdeveloperfocusingondistributedandcommunitysolarprojectsinCanadaandtheUSA[5]−Thecompanyhasdevelopedrenewableandcleanenergyprojectswithacombinedcapacityofover100megawattsandhasapotentialdevelopmentpipelineofoveronegigawatt[5]ProjectDetails−TheCamillusSolarProjectwillbeconstructedonaclosedlandfillsiteandisexpectedtobeeligibleforincentivesundertheNYSERDANY−SunProgram[2]−Engineeringandinitialconstructionhavecommenced,withprocurementofmajorequipmentalreadyinitiated[3]−Theprojectwilloperateunderanengineering,procurement,andconstruction(EPC)agreementvaluedatapproximately7.3 million USD, marking a continued partnership with Solar Advocate Development LLC, which highlights the company's ability to deliver projects and create sustainable value for its partners [1][2][3] 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 and clean energy projects with a combined capacity of over 100 megawatts and has a potential development pipeline of over one gigawatt [5] Project Details - The Camillus Solar Project will be constructed on a closed landfill site and is expected to be eligible for incentives under the NYSERDA NY-Sun Program [2] - Engineering and initial construction have commenced, with procurement of major equipment already initiated [3] - The project will operate under an engineering, procurement, and construction (EPC) agreement valued at approximately 7.3 million USD [3] Strategic Focus - The company continues to execute its growth strategy in the EPC segment and the Independent Power Producer segment [2] - Strong relationships with Tier 1 suppliers have been leveraged to secure major equipment orders necessary for the project [3]