Disseminated on behalf of SolarBank Corporation

The renewable energy revolution isn’t just creeping up—it’s charging forward at full speed.

Across the U.S., solar power is exploding, shaking up the way we power our homes, businesses, and entire industries.

And right in the thick of it? SolarBank, a company that’s not just riding the wave but helping to create it, pushing the country towards a cleaner, greener, and more sustainable future.

Record-Breaking Growth: Solar is Taking Over

Let’s talk numbers, because they don’t lie.

In 2024 alone, the U.S. electric power sector added a jaw-dropping 37 gigawatts (GW) of solar power capacity—almost double the previous year’s total.

And it’s not slowing down anytime soon.

Experts predict another 26 GW in 2025 and 22 GW in 2026, proving that solar isn’t just a trend—it’s the new powerhouse of the energy sector.

What’s driving this massive growth? Falling costs, cutting-edge technology, and government policies that finally recognize solar’s game-changing potential.

The federal Investment Tax Credit (ITC), which offers a 30% tax credit for solar installations, presently has been extended through 2032.

In addition, many states have introduced aggressive Renewable Portfolio Standards (RPS) requiring utilities to source a growing percentage of their power from renewables.

SolarBank’s Game-Changing Deals and Big Wins

SolarBank isn’t just keeping up—it’s making bold moves that redefine the industry.

In 2024, the company locked in over $96.8 million in financing and project sale transactions with top-tier partners, proving its credibility and growing influence.

One of its biggest power plays? A $71 million deal with Qcells for four major solar projects in New York, reinforcing its position as a top player in the market.

These projects will add approximately 25.6 megawatts (MW) of clean energy capacity to the state, enough to power tens of thousands of homes annually.

And they didn’t stop there—SolarBank also secured a $25.8 million financing deal with the Royal Bank of Canada to construct its battery storage projects, ensuring that solar energy isn’t just generated but stored and used efficiently when it’s needed most.

These battery storage solutions are designed to handle peak energy demand and improve grid resilience, marking a major step forward in renewable energy reliability.

Major Moves: SolarBank’s Expansion Strategy

Big ambitions require big investments, and SolarBank isn’t shying away from making high-impact decisions.

In 2024, it completed the acquisition of Solar Flow-Through Funds Ltd., a deal worth up to $45 million, giving it even more firepower to expand its solar projects.

With this acquisition, SolarBank now oversees more than 70 operational solar sites in Ontario, Canada, enhancing its position in North America’s clean energy market.

Another game-changer? The company made its debut on the Nasdaq Global Market in April 2024, giving it more visibility, more investor interest, and ultimately, more financial backing to keep driving the solar revolution forward.

With its stock now accessible to a broader pool of investors, SolarBank is well-positioned for accelerated expansion.

Solar and Data Centers – The Next Big Energy Revolution?

If you think solar is just about rooftops and fields, think again.

SolarBank is looking at the bigger picture—literally.

The company has plans to dive into the world of data centers, exploring how solar energy can meet the insane power demands of our digital economy.

With data centers consuming more energy than ever before, integrating clean energy into this sector is a no-brainer, and SolarBank is at the forefront of making it happen.

Its planned new initiative focuses on co-locating solar power generation with high-energy-demand data centers, ensuring a direct and reliable renewable energy source for one of the fastest-growing power-hungry industries.

Solar is No Longer the Future – It’s the Present

Let’s be clear: solar isn’t coming—it’s already here, and it’s taking over.

In 2023, solar power made up a staggering 54% of all new U.S. electric generation capacity.

Compare that to just 6% back in 2010, and you see just how fast things are changing.

With government incentives, plunging technology costs, and an energy-hungry market, solar isn’t just an option—it’s the backbone of the future grid.

Utility-scale solar installations have also surged, with more than 25 GW of utility-scale solar projects currently under construction across multiple states.

States like Texas, California, and Florida are leading the charge, each adding gigawatts of capacity every year.

SolarBank is Leading the Charge – and There’s No Slowing Down

SolarBank is proving that clean energy isn’t just a dream—it’s a booming reality.

From multi-million dollar deals to major expansions and cutting-edge innovation, this company is helping shape the future of energy.

As the U.S. marches toward a solar-powered future, SolarBank is leading the charge, ensuring that the transition isn’t just smooth, but powerful.

The future belongs to solar, and SolarBank is making sure it happens—faster, smarter, and bigger than ever before.

With its growing pipeline of projects, strategic acquisitions, and a strong financial backing, SolarBank is positioned to remain a key player in the solar energy revolution.

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