SolarBank finalizes $7.3 M USD deal for Camillus Solar Project

Toronto-based SolarBank Corporation has entered a $7.3 million USD transaction with Solar Advocate Development LLC. The agreement covers the sale and construction of the 3.26 MW Camillus Solar Project in New York. The ground-mount solar project, located on a closed landfill, will operate as a community solar facility and is expected to qualify for incentives under the NY-Sun Program. SolarBank has secured an interconnection agreement, local permits, and major equipment orders from Tier 1 suppliers. Construction has begun under an engineering, procurement, and construction (EPC) agreement dated March 18, 2025. If the EPC agreement is terminated, the full transaction value may not be realized. Regulatory and financial risks could also affect project viability.