IBN Coverage: SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Advances 7.2 MW New York Solar Project Following Key Regulatory Approval
LOS ANGELES, CA - July 8, 2025 ( NEWMEDIAWIRE ) - Disseminated on behalf of SolarBank Corporation
SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced that its 7.2 MW Hoadley Hill Road ground-mount solar project in upstate New York has cleared the Coordinated Electric System Interconnection Review (CESIR), a major regulatory milestone. The project, which will power approximately 850 homes through New York's grid, is backed by the state's VDER compensation mechanism and may qualify for up to US$0.395/W DC in NYSERDA NY-Sun incentives. Structured as a community solar project, it offers residents and businesses bill credits without on-site installations. With over 100 MW built and a pipeline exceeding 1 GW, SolarBank is accelerating permitting and financing to move into construction, supporting New York's goal of 6 GW installed solar by 2025.
To view the full press release, visit https://ibn.fm/I9HY9
About SolarBank Corporation
SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.
For more information, visit the company's website at SolarBankCorp.com. This report contains forward-looking information. Please refer to https://ibn.fm/G76GJ for additional details.
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The latest news and updates relating to SUUN are available in the company's newsroom at https://ibn.fm/SUUN
Forward Looking Statements
Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.
About IBN
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