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InvestorNewsBreaks – SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Moves Forward with Silver Springs Solar Project After Key Approval 
March 6, 2025

InvestorNewsBreaks – SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Moves Forward with Silver Springs Solar Project After Key Approval 

Disseminated on behalf of SolarBank Corporation 

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced progress on its 2.9 MW DC Silver Springs solar project in Gainesville, N.Y., with the successful completion of a Coordinated Electric System Interconnection Review. This milestone allows the company to move forward with site permitting, with the project expected to qualify for incentives under the NYSERDA NY-Sun Program. CEO Dr. Richard Lu emphasized SolarBank’s commitment to U.S.-based clean energy development, noting that recent tariffs on Canada, Mexico, and China are not expected to impact operations. Once completed, the Silver Springs project will operate as a community solar initiative, enabling local residents to access clean energy savings without requiring home installations.

To view the full press release, visit https://ibn.fm/nDkXG 

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. This report contains forward looking information. Please refer to https://ibn.fm/G76GJ for additional details. 

NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN 

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