Solar energy is clean and renewable and can generate electricity that helps protect the environment. Today, the announcement of a new solar project is causing stock prices to rise.
SolarBank Corporation (NASDAQ:SUUN) SolarBank Ltd. announced in a press release today its intent to develop a 6.41 MW DC ground-mounted solar power plant called the East Bloomfield project on a site in East Bloomfield, New York. SolarBank said the project is expected to be eligible for funding under the New York State Energy Research and Development Authority’s NY-Sun program.
The project is planned to operate as a community solar facility that sells credits to subscribers. Once operational, it will provide green energy to over 800 homes and be eligible to participate in the NYSUN program to receive NYSERDA rebates.
SolarBank is an independent renewable and clean energy project developer and owner focused on distributed and community solar projects in Canada and the United States. The company develops solar projects that sell electricity to utilities, commercial, industrial, municipal and residential customers.
In the late morning, share prices rose.
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