GreenEnergyBreaks — SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) to Begin Construction on First Battery Energy Storage Project
Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) announced that construction on its first Battery Energy Storage System project in Ontario will commence the week of Feb. 10, 2025. The SFF-06 project, located in Cramahe, Ontario, is part of a $25.8 million loan agreement with the Royal Bank of Canada. Anvil Crawler Development Corp. was awarded a $1.85 million contract to complete civil and electrical work. The project, which secured a 22-year contract with Ontario’s Independent Electricity System Operator, will have a daily contract capacity of 4.74 MW. SolarBank holds a 50% interest in the project, with…