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LOS ANGELES, CA - April 10, 2025 (NEWMEDIAWIRE) - Disseminated on behalf of SolarBank Corporation

• The Hoadley Hill Rd project will operate as a community solar installation, feeding clean energy into the local grid, and is expected to power approximately 850 homes.
• Solar Simplified will manage customer acquisition and billing for the community solar effort, and the project may qualify for incentives under New York's NYSERDA NY-Sun Program.
• To support continued growth, SolarBank has announced up to $19 million USD in equity financing from a single institutional investor.

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is moving forward with a new solar power installation in upstate New York as part of its expanding renewable energy portfolio. The company announced plans to develop the 7.2 megawatt Hoadley Hill Rd solar project, to be located on a secured leased site, with interconnection approval already requested (https://ibn.fm/Y4VIZ).

Once operational, the installation is expected to serve as a community solar project, allowing local renters and homeowners to subscribe to the project and receive credits on their electric bills. The model provides households with access to renewable energy without requiring the installation of

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For more information, visit the company's website at SolarBankCorp.com. This report contains forward-looking information. Please refer to https://ibn.fm/G76GJ for additional details.

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Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.

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