TORONTO — Toronto-based SolarBank Corporation has announced it has acquired 42,500 limited partnership units of the Solar Flow-Through 2016-I Limited Partnership, part of the group of Solar Flow Through Funds (SFF) of Toronto.
SFF is a Canadian renewable and clean energy project developer and operator active in the development and operation of solar photovoltaic (PV) power generation, stated a release.
SFF is proposing to expand its business into development of solar power projects in the United Sates, battery storage and electric vehicle charging systems.
SolarBank Corporation is a renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the U.S.A.
SolarBank has a long-term relationship with SFF and has acted as a development partner for several SFF solar power projects. Most recently, SolarBank submitted proposals on behalf of SFF to Ontario and SFF and its co-investors were conditionally awarded 60 MWh of battery energy storage contracts.
The total purchase price for the units is $2.465 million. SFF intends to become a public corporation.
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