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

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Last update: Mar 20, 2025

TORONTO, March 20, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) )Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is ‎pleased to announce that it has received approval from the New York State Energy Research and Development Authority ("NYSERDA") for $1,058,616 USD in incentives for the 3.26 MW Camillus Solar Project (the "Project") under the NY-Sun Program. As disclosed on March 19, 2025, the Project has been sold to, and will now be constructed for, Solar Advocate Development LLC (the "Owner") in a transaction valued at $7.3 million USD.