Renewable energy developer SolarBank Corporation has refiled its audited consolidated financial statements for the fiscal year ending June 30, 2024, adding its predecessor auditor's report as requested by regulatory authorities. The company originally filed the financial statements on September 30, 2024, and the current refiling includes only the report from MSLL CPA LLP, placed immediately following the current auditor ZH CPA, LLC's report.
The Ontario Securities Commission initiated the request during a routine prospectus review, indicating a standard procedural step in financial reporting compliance. Importantly, SolarBank emphasized that no changes were made to the underlying financial data or statements, suggesting the modification is purely administrative.
This action underscores the importance of transparent and comprehensive financial reporting in the renewable energy sector. For investors and stakeholders, the refiling demonstrates the company's commitment to meeting regulatory standards and providing complete financial documentation.
SolarBank Corporation continues to focus on developing solar, battery energy storage, and electric vehicle charging projects across North America, with a development pipeline exceeding one gigawatt and existing project capacity of over 100 megawatts.
