SolarBank Corporation secures $25.8 million loan to finance construction of SFF-06 battery energy storage project in Cramahe, Ontario

Type: Financing · Technology: Storage, Other · Country: Canada · Value: $25.8M · Announced: 2025-02-04

SolarBank Corporation's subsidiary ProjectCo secured a $25.8 million loan from Royal Bank of Canada to finance construction of the SFF-06 battery energy storage system (BESS) in Cramahe, Ontario, which will deliver power under a 22-year fixed-payment contract aided by Canadian tax credits.

Counterparties

• SolarBank Corporation (Developer)
• ProjectCo (SolarBank subsidiary) (Developer)
• Royal Bank of Canada (Lender)

Source article

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