GrandBridge and PowerBank Enter Co-Development Agreement for Ontario Solar and Battery Storage Projects
GrandBridge Corporation and PowerBank Corporation have signed a co-development agreement to jointly invest in solar energy and battery storage projects in Ontario. PowerBank will lead project development while GrandBridge provides capital and co-ownership. The projects will target a capacity of 2 MWac or greater and aim for submission under IESO’s procurement programs, with an 80/20 ownership split favoring GrandBridge. The partnership will focus on addressing local energy needs and enhancing grid resilience.
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GrandBridge Corporation and PowerBank Corporation have established a co-development agreement for solar energy and battery storage projects in Ontario. The agreement allows for the development of projects with a minimum capacity of 2 MWac within GrandBridge Energy's service territory.
PowerBank will lead project development, while GrandBridge will provide capital and co-own the projects, with an 80/20 ownership structure. The partnership aims to respond to local energy demands and will focus on submissions under IESO’s procurement programs and other commercialization opportunities. The collaboration is set for a three-year development period, targeting areas including Brantford and Cambridge.
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