SolarBank Corporation - SUUNF STOCK NEWS

SolarBank (NASDAQ: SUUN, Cboe CA: SUNN, FSE: GY2) has announced its plans to release its quarterly financial results for the period ending September 30, 2024. The announcement will be made after the Nasdaq market closes on Thursday, November 14, 2024.

Additionally, SolarBank will host a webinar to provide a business update and discuss the quarterly results on the same day at 04:30 PM Eastern Time (US and Canada). Interested parties can register in advance for the webinar through the provided link and will receive a confirmation email with details on how to join the session.

SolarBank (NASDAQ: SUUN) announces its strategic expansion into the data center market, projected to reach $395 billion by 2030. The company aims to become a developer, owner, and strategic partner in data center infrastructure, focusing on sustainable energy solutions. Richard Lu, CEO of SolarBank, emphasizes their commitment to creating energy-efficient, carbon-reducing data centers to support growing technological demands. The company is actively exploring partnerships with key industry players, positioning itself alongside tech giants like Amazon, Microsoft, and Google, who have collectively invested over $100 billion in data center infrastructure over the past five years.

SolarBank has announced plans to develop a 3.1 MW DC ground-mount solar power project in Nova Scotia, known as the West Petpeswick project. This initiative is part of the Nova Scotia Community Solar Program, supporting the province's goal of 80% renewable energy by 2030. The project, owned by AI Renewable, is expected to power approximately 290 homes and will allow community members to earn credits on their electric bills, saving $0.02/kWh. This development is part of SolarBank's larger plan to develop an additional 31 MW of solar projects in Nova Scotia.

SolarBank has announced plans to develop a 7.2 MW DC ground-mount solar power project in Wyoming County, New York. The North Main project has secured a site lease and is undergoing interconnection study. The project is expected to power over 850 homes through community solar, allowing residents to earn credits on their electric bills without installing personal solar panels. The project is anticipated to qualify for incentives under NYSERDA's NY-Sun Program, pending successful interconnection study, permitting process, and financing arrangements.

SolarBank (NASDAQ: SUUN) has announced plans to develop a 7 MW DC ground-mount solar power project in Lancaster County, Pennsylvania. This Stauffer project is part of a larger 24.8 MW DC initiative, following the recently announced 13.8 MW DC project. The proposed community solar project would be one of the first in Pennsylvania, allowing residents to access solar energy without installing panels on their properties.

The project's development is contingent on the final approval of House Bill 1842 by the Pennsylvania State government, which enables community solar projects. SolarBank has secured a lease for the project site and will proceed with permitting, interconnection, and financing steps. The company aims to power approximately 820 homes with this project, aligning with its goal of providing clean and affordable energy to thousands of households.

SolarBank (NASDAQ: SUUN) has announced plans to develop a 3.7 MW DC ground-mount solar power project in Seneca County, New York. Known as the Congress project, it's expected to power over 430 homes through community solar. The project has secured a site lease and is undergoing an interconnection study.

This development is part of SolarBank's expanding pipeline, which exceeds one gigawatt. Community solar projects allow renters and homeowners to earn credits on their electric bills without installing panels on their homes. The project is anticipated to be eligible for incentives under the NYSERDA NY-Sun Program.

SolarBank acknowledges potential risks, including the need for interconnection approval, required permits, third-party financing, and construction challenges. The company also notes that changes in government incentives and policies for solar power could impact future project economics.

SolarBank (NASDAQ: SUUN) has announced plans to develop a 13.8 MW DC ground-mount solar power project called Grandview in Lancaster County, Pennsylvania. This project is part of a larger 24.8 MW DC three-project plan and is expected to power approximately 1,630 homes. It would be SolarBank's first community solar project in Pennsylvania, pending the approval of House Bill 1842 by the Pennsylvania Senate.

The project aims to provide clean energy access to residents, including renters and those without suitable rooftops, without the need for personal panel installation. SolarBank has secured a lease for the project site and is working on permitting, interconnection, and financing. The company's focus on community solar aligns with its goal of powering thousands of homes with affordable clean energy.

SolarBank (NASDAQ: SUUN) has announced plans to develop a 2.9 MW DC ground-mount solar power project called the Silver Springs project in Gainesville, New York. The project is in the early stages with a secured site lease and ongoing interconnection study. Once completed, it will operate as a community solar project, potentially serving over 340 homes.

Key points:

• Project is expected to be eligible for incentives under the NYSERDA NY-Sun Program
• Community solar allows renters and homeowners to benefit from renewable energy without installing panels
• SolarBank's focus on community solar aligns with its goal of providing clean, affordable energy

The company notes several risks associated with the project, including the need for interconnection approval, required permits, third-party financing, and construction risks. Additionally, changes in government incentives and policies for solar power could impact future project economics.

SolarBank (NASDAQ: SUUN) announces nearing completion of a 1.4 MW DC rooftop solar project in Calgary, Alberta for Fiera Real Estate Investments The project, expected to be operational in November 2024, contributes to Fiera Real Estate's Net Zero Carbon by 2040 target and expands SolarBank's portfolio. SolarBank is providing full-service development and EPC services for this pilot project, with potential for future collaborations.

Fiera Real Estate, a leading investment management company, manages over $7.4 billion USD in commercial real estate globally as of June 30, 2024. The project will operate as a small-scale generator in the Alberta Interconnected Electric System (AIES). Both companies view this as a significant step towards long-term growth and contribution to the global energy transition.