SolarBank Corp. Adapts Strategy to North American Energy Policy Shifts

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) is strategically positioning itself to navigate the shifting landscapes of North American energy policy, particularly in the wake of new legislation and incentives aimed at accelerating the transition to clean energy. In the United States, the recently enacted Big Beautiful Bill (BBB) introduces significant timelines for renewable energy projects, requiring them to commence construction by July 4, 2026, and complete within four years to qualify for full investment tax credits (ITCs). SolarBank is well-prepared to meet these deadlines, with a portfolio of advanced-stage projects and a $100 million financing deal with CIM Group to support its efforts.

The company is focusing its construction priorities on a 97 MW portfolio across key states where interconnection and permitting progress has been made, ensuring compliance with the BBB's requirements. Meanwhile, in Canada, SolarBank is leveraging decade-long contracts with the Independent Electricity System Operator (IESO) to deploy battery systems in Ontario and is expanding its presence in Nova Scotia's Community Solar program. These initiatives align with Canada's broader "Build, baby, build" policy push under Prime Minister Mark Carney, which favors developers with shovel-ready projects.

SolarBank's proactive adjustments to its development and financing schedules underscore its commitment to aligning with evolving policy incentives while managing the risks associated with cross-border energy development. This strategic agility not only positions SolarBank to benefit from current policy shifts but also secures its role as a key player in the renewable energy sector's future growth. For more information on SolarBank's initiatives and the impact of these policy changes, visit https://ibn.fm/KhbAn.