SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Aligns Strategy as North American Energy Policy Shifts

• U.S. clean energy tax credits under the new Big Beautiful Bill require projects to commence construction by July 4, 2026, and complete within four years.
• SolarBank has enough advanced-stage U.S. projects to meet this timeline, backed by a $100 million financing deal with CIM Group.
• The company is prioritizing construction on a 97 MW portfolio in key states with interconnection and permitting progress.
• In Canada, SolarBank is deploying battery systems in Ontario under decade-long IESO contracts and expanding in Nova Scotia’s Community Solar program.
• Canada’s “Build, baby, build” policy push under Prime Minister Mark Carney favors developers with shovel-ready assets.
• SolarBank is actively adjusting development and financing schedules to align with evolving incentives while managing cross-border policy risk.

Disseminated on behalf of SolarBank Corporation

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 positioning itself to navigate and benefit from rapidly evolving policy developments in both the United States and Canada. As lawmakers on both sides of the border adjust clean energy timelines, incentives, and infrastructure priorities, the solar and battery storage developer is adapting its strategy to maintain momentum and secure investor value (https://ibn.fm/KhbAn).

In the U.S., the newly enacted Big Beautiful Bill (“BBB”) sets a clear policy horizon for renewable energy developers. The legislation allows solar and battery energy storage projects to qualify for full investment tax credits (“ITCs”) if construction begins by July 4, 2026, and the projects reach commercial operation within four years. This represents a shift from earlier open-ended timelines and will likely accelerate near-term activity across the sector.

SolarBank CEO Dr. Richard Lu said the company is ready. “We have enough advanced-stage projects we can get into construction before the deadline to take advantage of the tax credits,” he noted. Crucially, a $100 million project-level financing arrangement with CIM Group will help SolarBank move forward with its 97-megawatt (“MW”) U.S. portfolio. These assets are primarily located in states where the company already controls project sites and has made permitting and interconnection progress, key hurdles that often slow renewable energy builds.

In parallel, the company is drawing on its diversified Canadian footprint to hedge against U.S. policy shifts. In Ontario, SolarBank is deploying battery energy storage systems under the province’s Long-Term RFP initiative from the Independent Electricity System Operator (“IESO”). The program offers decade-long contracts for clean, dispatchable capacity, providing long-term visibility for developers.

SolarBank also maintains a strong position in Nova Scotia’s Community Solar program, where it holds notable market share as an EPC contractor and continues to expand. These provincial programs, backed by stable regulatory support, offer an additional layer of revenue stability as the company grows.

Dr. Lu also highlighted Canada’s broader infrastructure and energy ambitions under Prime Minister Mark Carney’s “Build, baby, build” strategy, a recently launched push to accelerate infrastructure, housing, and clean energy development. “SolarBank benefits from Canada’s support to clean energy and is leading the charge to build Canada as an energy superpower,” he said.

The macro backdrop in the U.S. also remains favorable. Federal data indicates that the country must add over 206 gigawatts of new power capacity by 2030, with solar expected to provide nearly three-quarters of that supply. In the first quarter of 2025, solar and wind accounted for 98% of new generation capacity added across the nation.

According to Dr. Lu, March 2025 marked the 19th consecutive month in which solar was the largest contributor to new electrical capacity in the U.S. Falling costs and faster deployment times continue to make solar and battery storage competitive in both regulated and deregulated power markets.

As SolarBank continues to adjust its development timelines, financing structures, and construction schedules, the company is positioning itself to capture both short-term tax credit benefits and long-term value creation. With operations in two countries undergoing active energy transitions, SolarBank’s dual-market exposure may prove to be a strategic asset in the years ahead.

For more information, visit the company’s website at SolarBankCorp.com. This report contains forward looking information. Please refer to the press release entitled “SolarBank Issues Update on Strategic Positioning Amid Shifting U.S. and Canadian Policy Landscape” for additional details on the statements, risks and assumptions.

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