(Source: Shutterstock)
SolarBank Corp. acquired an aggregate of 42,500 limited partnership units of the Solar Flow-Through 2016-I Limited Partnership, which is part of the Solar Flow Through Funds (SFF) group, for a total purchase price of $2,465,000, the company announced in a July 10 press release.
SFF is a renewable and clean energy project developer and operator in Canada developing solar photovoltaic power generations.
In undertaking this transaction, SFF is aiming to consolidate its existing limited partnerships into a single corporate entity in order to obtain a listing on a stock exchange either by way of a direct listing or a business combination with a publicly listed company.
SolarBank and SFF have an existing, long-term relationship with a number of SFF solar power projects. SolarBank recently submitted proposals on SFF’s behalf to the province of Ontario, Canada. As a result, SFF and its co-investors received 60 MWh of battery energy storage contracts from the province.
SolarBank is an independent renewable and clean energy company based in Canada and the U.S. Like SolarBank, SFF is also an independent renewable and clean energy company based in Canada engaged in solar photovoltaic generation.
Recommended Reading
Marketed: Stone Hill Exploration and Production Four Well Package in Ohio
2024-09-10 - Stone Hill Exploration has retained EnergyNet for the sale of a four well package including two proved developed producing wells in Harrison County, Ohio.
Marketed: ConocoPhillips Bakken Shale Opportunity
2024-09-04 - ConocoPhillips has retained EnergyNet for the sale of working interest participation in three wells located in the Bakken Shale in McKenzie County, North Dakota.
Marketed: Wagner Oil 90 Property Packages in Oklahoma, Texas
2024-09-04 - Wagner Oil Co. has retained EnergyNet for the sale of 90 property packages in various counties in Oklahoma and Texas.
Marketed: Territory Resources 15-well Package in Oklahoma
2024-10-28 - Territory Resources LLC has retained EnergyNet for the sale of 15-well package in Kay, Noble and Pawnee counties, Oklahoma.
Marketed: Wellbore Capital 10 Well Package Marcellus Opportunity
2024-09-12 - Wellbore Capital LLC has retained EnergyNet for the sale of a Marcellus Shale Opportunity 10 well package in Marion and Wetzel counties, West Virginia.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.