SolarBank Corporation Announces Major Clean Energy Initiative with $41 Million Partnership to Transform Closed Landfill Sites into Solar Farms in the USA

Reuters

2025/06/03

SolarBank Corporation Announces Major Clean Energy Initiative with $41 Million Partnership to Transform Closed Landfill Sites into Solar Farms in the USA

SolarBank Corporation has announced a series of energy projects aimed at integrating renewable energy with advanced financial technologies. As a pioneer in blending clean energy with decentralized finance (DeFi) and Web3, SolarBank is set to leverage the renewable energy sector's growth. The company has secured significant partnerships, including a US$100 million community solar financing deal with CIM Group for 97 MW of projects in the USA, a US$49.5 million transaction with Qcells for deploying solar power plants using "Made-in-USA" panels, and a US$41 million clean energy partnership with Honeywell to repurpose closed landfill sites into solar farms. Additionally, SolarBank has obtained a $25 million credit facility from the Royal Bank of Canada to expand its battery energy storage systems $(BESS)$ project portfolio, enhancing grid stability. While the company aims to establish a Bitcoin treasury strategy, no Bitcoin purchases have been made to date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SolarBank Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-013367), on June 03, 2025, and is solely responsible for the information contained therein.

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As a pioneer in blending clean energy with decentralized finance (DeFi) and Web3, SolarBank is set to leverage the renewable energy sector's growth. The company has secured significant partnerships, including a US$100 million community solar financing deal with CIM Group for 97 MW of projects in the USA, a US$49.5 million transaction with Qcells for deploying solar power plants using \"Made-in-USA\" panels, and a US$41 million clean energy partnership with Honeywell to repurpose closed landfill sites into solar farms. Additionally, SolarBank has obtained a $25 million credit facility from the Royal Bank of Canada to expand its battery energy storage systems <a href=\"https://laohu8.com/S/BESS\">$(BESS)$</a> project portfolio, enhancing grid stability. While the company aims to establish a Bitcoin treasury strategy, no Bitcoin purchases have been made to date.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SolarBank Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-013367), on June 03, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250603:nNDLbmxNDs:1","article_id":"2540429779","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540429779","pubTimestamp":1748952365,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"SolarBank Corporation Announces Major Clean Energy Initiative with $41 Million Partnership to Transform Closed Landfill Sites into Solar Farms in the USA. 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As a pioneer in blending clean energy with decentralized finance (DeFi) and Web3, SolarBank is set to leverage the renewable energy sector's growth. The company has secured significant partnerships, including a US$100 million community solar financing deal with CIM Group for 97 MW of projects in the USA, a US$49.5 million transaction with Qcells for deploying solar power plants using \"Made-in-USA\" panels, and a US$41 million clean energy partnership with Honeywell to repurpose closed landfill sites into solar farms. Additionally, SolarBank has obtained a $25 million credit facility from the Royal Bank of Canada to expand its battery energy storage systems $(BESS)$ project portfolio, enhancing grid stability. While the company aims to establish a Bitcoin treasury strategy, no Bitcoin purchases have been made to date.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SolarBank Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-013367), on June 03, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}