SolarBank advances Bloomfield solar initiative

SolarBank Corporation announces that it intends to develop a 6.41 MW DC ground-mount solar power project known as the Rice Road project on a 16.98-acre site located in Bloomfield, New York. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority (“NYSERDA”) NY-Sun Program. As the Company has already secured a lease over the Project site and received interconnection approval for the Project, the Company will work to complete the permitting process and secure the necessary financing for the construction of the Project. Once completed, the Project will be operated as a community solar project.