SolarBank Corporation, a leader in renewable energy development, has taken a significant step toward enhancing financial transparency by resubmitting its audited consolidated financial statements for the fiscal year ending June 30, 2024. This update includes the addition of a report from its predecessor independent auditor, MSLL CPA LLP, as requested by the Ontario Securities Commission during a prospective review. The original filing, made on September 30, 2024, now features the predecessor auditor's report immediately following the current auditor ZH CPA, LLC's report, with no changes to the underlying financial information.
This move underscores SolarBank's dedication to maintaining high standards of financial reporting and adherence to regulatory requirements. The company, which specializes in renewable and clean energy projects across Canada and the United States, has a robust portfolio that includes distributed and community solar initiatives, Battery Energy Storage System (BESS) projects, and electric vehicle charging infrastructure. With a development pipeline exceeding one gigawatt and over 100 megawatts of completed projects, SolarBank is at the forefront of the transition to sustainable energy solutions.
SolarBank's strategy involves selling electricity to a diverse group of off-takers, including utilities, commercial and industrial clients, municipalities, and residential customers. By leveraging its extensive project portfolio across various North American markets, the company not only aims to maximize returns but also to play a pivotal role in the global shift towards renewable energy. For more information on SolarBank's projects and initiatives, visit https://www.solarbankcorp.com.
