SolarBank (NASDAQ: SUUN) (CSE: SUNN) Advances New York Community Solar Projects

Disseminated on behalf of SolarBank Corporation

SolarBank SUUN SUNN announced progress on two community solar projects in Skaneateles, N.Y., after securing positive interconnection results through a Coordinated Electric System Interconnection Review. The projects, with a combined capacity of 14.4 MW DC, are planned for industrial brownfield sites and are eligible for incentives under the New York State Energy Research and Development Authority’s NY-Sun Program. Pending permits and financing, SolarBank intends to begin construction, aiming to provide cost-saving solar energy access to renters and homeowners through the local power grid.

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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.

There are several risks associated with the development of any data center. SolarBank is expanding into the data center industry but it does not currently have any data center projects under development or that it has secured rights to. SolarBank does not have any contracts with the parties mentioned in this news release. It is in discussions with various other parties regarding potential data center opportunities and will provide details in a future news release if an agreement to acquire or develop a data center is concluded. The development of any data center project is subject to identification of a suitable project site, receipt of required permits, entry into contracts for construction and the use of the data center, the availability of third-party financing arrangements for the company and the risks associated with the construction of a data center. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for renewable energy, which could result in future projects no longer being economic.

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