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SolarBank Completes Mechanical Construction of 21MW Honeywell Community Solar Sites [Yahoo! Finance]

SolarBank Corporation (SUUN) 
Company Research Source: Yahoo! Finance
• Once projects are complete, expected to operate as a community solar site, selling credits to subscribers TORONTO April 11, 2024 /CNW/ - SolarBank Corporation (Cboe CA: SUNN) (Nasdaq: SUUN) (FSE: GY2) ("SolarBank" or the "Company") announces that it has completed mechanical construction on the 21 MW DC ground-mount solar power projects that are under development in upstate New York (the "Projects") for Honeywell International in a US$41 million transaction. The Projects are known as SB 13-1, SB 13-2 and SB-14. The next step is completion of final electrical work and acceptance testing. SolarBank originated the sites in upstate New York that will be developed as three separate 7 MW DC solar power projects. In September 2023 , the Company completed the sale of the Projects to Honeywell and an engineering, procurement, and construction ("EPC") agreement pursuant to which the Company will continue to build the Projects for Honeywell to commercial operation. The sale of the Projects Show less Read more
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