Latest news with #Camillus
Yahoo
24-03-2025
- Business
- Yahoo
SolarBank secures $19m to advance solar and energy storage projects
Canadian independent renewable energy developer SolarBank has announced a definitive agreement with an institutional investor for equity financing of up to $19m. The agreement includes the purchase of 2,394,367 common shares and warrants at a combined price of $3.55 per share. The warrants, priced at $4.45 per share, are exercisable immediately and will expire five years from issuance. The financing aims to support SolarBank's independent power producer assets, including battery energy storage systems and a community solar project in New York. It will also be used for working capital and other general corporate purposes. The offering is expected to close on or about 24 March 2025, subject to customary closing conditions. A total of $8.5m will be allocated upon the successful completion of the offering, and a further $10.65m could be made available if the warrants are fully exercised for cash. AGP/Alliance Global Partners is acting as the sole placement agent for the offering. The offering is being conducted in the US based on SolarBank's short-form base shelf prospectus, filed with Canadian securities authorities on 2 May 2023. The corresponding registration statement has been submitted to the US Securities and Exchange Commission (SEC) under the US/Canada Multijurisdictional Disclosure System. A prospectus supplement will be filed in Canada and with the SEC. In a related development, SolarBank announced the sale of its 3.26MW Camillus solar project to Solar Advocate Development for $7.3m. The project, located on a closed landfill site, will operate as a community solar project and is eligible for incentives under the NYSERDA NY-Sun programme. SolarBank received approval for $1,058,616 in incentives from NYSERDA for the Camillus solar project, contingent on compliance with the NY-Sun program manual. The solar installation must be completed within 30 months of approval. SolarBank has completed an interconnection agreement and obtained the necessary permits for Camillus. Engineering and construction have commenced, with the company initiating procurement of major equipment. The project will be built under an engineering, procurement and construction agreement dated 18 March 2025. "SolarBank secures $19m to advance solar and energy storage projects" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
30-01-2025
- Business
- Yahoo
Your Stories Q&A: Firehouse Subs closes another location in Central New York
ITHACA, N.Y. (WSYR-TV) — You ask, we answer!Firehouse Subs has closed its second location in Central New York within a year. First, it was Camillus, now Ithaca. Jamie Mullen was the franchisee for both locations. He said the Ithaca location, located at 740 South Meadow Street, closed on Sunday. Mullen explained he had a dispute with the owner of the building and was unable to come to a resolution. He also said staffing the Ithaca location was a challenge. The Camillus Firehouse Subs at 5308 W. Genesee Street, closed Last May. Mullen told us then, that he decided to not renew his lease because Camillus became his highest-rent and lowest-grossing store. With Camillus and Ithaca both closed, Firehouse Subs in North Syracuse is the last remaining location in the CNY. Mullen said he has no plans to close that location but does wish to sell it to a local franchisee. He is from Waverly, N.Y., and said it's become difficult to run the store from a distance. However, he still owns two Firehouse Subs food trucks. The food trucks travel to local fire departments for fundraisers. The sales from the trucks raise about $170,000 for local stations, according to Mullen. The Ithaca location closing is a loss for the local first responder community. Mullen said that hundreds of thousands of dollars have been donated to the surrounding area through the Firehouse Subs Public Safety Foundation. Submit a form. Your Stories Q&A: Firehouse Subs closes another location in Central New York Your Stories Q&A: When will the new Joey's restaurant open in DeWitt? Your Stories Q&A: Why do I pay a county water tax when I'm not an OCWA customer? Your Stories Q&A: Can businesses refuse to take $100 bills? Your Stories Q&A: What's the latest on Manlius getting an upscale Taco Bell? Your Stories Q&A: When will construction begin on broken Hanover Square fountain? Your Stories Q&A: New plans for The Inn Between Restaurant in Camillus Your Stories Q&A: New restaurant to open in closed Daniel's Grill in Marcellus Your Stories Q&A: A new hotel proposed to be built on former Clay Golfers Dome site Your Stories Q&A: How do school districts decide when to take a snow day? Your Stories Q&A: Closed Cicero Rite Aid to become Ace Hardware Your Stories Q&A: Pickleball center to open this week in former DeWitt Sky Zone location Your Stories Q&A: Former DeWitt Friendly's demolished to make way for popular burger chain Humana members and Medicare changes: What you need to know about St. Joseph's health coverage after Excellus deal Your Stories Q&A: Whose job is it to fix the large potholes on what appears to be a forgotten stretch of road? Your Stories Q&A: Cannabis dispensary moving into old gas station in Chittenango Your Stories Q&A: Hotel slated to be built behind the closed Outback Steakhouse in Clay Your Stories Q&A: Are work zone speed limits enforced on weekends and off-hours? Your Stories Q&A: Popular Cicero restaurant moving to new LeMoyne Manor development Your Stories Q&A: When will SYR Airport once again allow passengers to reserve parking online? Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
