Business
$4 Million USD Received in PowerBank $41 Million USD Transaction with Solar Advocate Development
PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, today announced that further to its press release of December 22, 2025, the Company has received the first $4 million USD payment from Solar Advocate Development LLC (the "Owner") for the development of these projects.
About this update from Powerbank Corporation
[{"type":"list","items":[{"val":[{"type":"text","content":"$41 Million USD Transaction Reinforces PowerBank's Growth Model; Seven-Year Strategic Alliance Expands with Three Additional Community Solar Facilities ","length":160,"tagName":"p"}]},{"val":[{"type":"text","content":"PowerBank Strengthens New York Market Position with 11th Solar Advocate Development Partnership Project","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"16.87 MW of Total Projects Included in Transaction including Elmira, Jordan Road 1, and Jordan Road 2 Projects; Partnership Since 2018 Validates PowerBank's Development Excellence","length":188,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":451,"olType":false},{"type":"text","content":"TORONTO, Dec. 24, 2025 /CNW/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, today announced that further to its press release of December 22, 2025, the Company has received the first $4 million USD payment from Solar Advocate Development LLC (the "Owner") for the development of these projects.","length":462,"tagName":"p"},{"type":"image","alt":"PowerBank Logo (CNW Group/PowerBank Corporation)","displaySize":"","headline":null,"caption":"PowerBank Logo (CNW Group/PowerBank Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":386,"height":78,"url":"https://media.zenfs.com/en/cnwgroup.com/3af59572852565ef453606c4629c5b7f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/wbtfUPH_oLonpg9O3tlVnA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0MjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/3af59572852565ef453606c4629c5b7f","width":386,"height":78}},"href":"https://mma.prnewswire.com/media/2851379/PowerBank_Corporation__4_Million_USD_Received_in_PowerBank__41_M.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The latest collaboration encompasses three Community Solar facilities—Elmira, Jordan Road 1, and Jordan Road 2 (collectively, the "Projects")—in a transaction valued at approximately $41 million USD that includes full engineering, procurement, and construction services through commercial operation. PowerBank expects to receive the full transaction value over the development a...