SolarBank Corporation announced a significant 217% increase in revenue for the fiscal year ended June 30, 2024, reaching $58.4 million compared to $18.4 million in the previous year. The company attributes this growth to expanding its Independent Power Producer (IPP) portfolio through acquisitions and ongoing project development. Despite a net loss for the year, SolarBank highlights several non-recurring expenses and an impairment loss as contributing factors, emphasizing the positive trajectory of its core business.