$1.06 million USD in Government Incentives Awarded to SolarBank for Camillus Solar Project

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]