Royal Bank of Canada Provides $25.8MM Project Finance Facility to SolarBank

SolarBank secured the financial closing of a combined project loan in a principal amount of $25.8 million from Royal Bank of Canada (RBC) as lender, administrative and collateral agent and green loan structuring agent._x000D_
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The loan, on a non-recourse basis, will be used for the construction, operation and maintenance of two 4.99 MW battery energy storage system (BESS) projects to be located in Ontario, with project names SFF 06 and 903 respectively. The projects are owned by 1000234763 Ontario (ProjectCo), and ProjectCo is the borrower under the terms of the loan.