SolarBank Corporation expands solar portfolio with strategic acquisitions, including Qcells and Solar Flow-Through Funds Ltd.
Acquiring Company
SolarBank Corporation
Acquired Company
Qcells
Toronto
IrvineManufacturingEnergySustainabilityNatural ResourcesRenewable EnergySolarDescription
SolarBank Corporation has secured over $67.5 million USD in partnerships and financial commitments, including a $49.5 million USD transaction with Qcells and the $45 million valued acquisition of Solar Flow-Through Funds Ltd. Additionally, the company has obtained a $25.8 million Royal Bank of Canada Project Finance Facility and has listed on the Nasdaq Global Market and Cboe Canada listings, demonstrating its commitment to driving innovation in the clean energy sector.
Quick answer
SolarBank Corporation is acquiring Qcells, announced January 29, 2025. SolarBank Corporation is based in Toronto, Ontario, Canada.
- How much did SolarBank Corporation pay for Qcells?
- The deal value was not disclosed.
- What does SolarBank Corporation do?
- SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA.
- Where are SolarBank Corporation and Qcells based?
- SolarBank Corporation is based in Toronto, Ontario, Canada. Qcells is based in Irvine, California, United States.
- Who are the decision-makers at SolarBank Corporation?
- Fundz holds 3 contacts at SolarBank Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Energy and Sustainability
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- ContourGlobal expands renewable energy presence in the U.S. with acquisition of 446 MWp photovoltaic solar portfolio from Qcells (January 24, 2025)
- SAMSUNG E&A acquires stake in Nel ASA for hydrogen (March 12, 2025)
- Dovre Group completes acquisition of 100% of Renetec Oy to strengthen its renewable energy project portfolio (January 22, 2025)
- LS Power Completes Acquisition of Algonquin Power & Utilities Corp.'s Large Scale Renewable Energy Business (January 8, 2025)
- Oklo acquires Atomic Alchemy for $25 million, $25M (March 5, 2025)
- onsemi to acquire Allegro MicroSystems for $35.10/share (March 5, 2025)
Who to call at SolarBank Corporation, and when
When SolarBank Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day SolarBank Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at SolarBank Corporation, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at SolarBank Corporation. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment SolarBank Corporation makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Qcells?
Qcells was acquired by SolarBank Corporation, based in Toronto. The deal was reported on January 29, 2025. SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. SolarBank Corporation is privately held.
When did SolarBank Corporation acquire Qcells?
SolarBank Corporation's acquisition of Qcells was reported on January 29, 2025. SolarBank Corporation has secured over $67.5 million USD in partnerships and financial commitments, including a $49.5 million USD transaction with Qcells and the $45 million valued acquisition of Solar Flow-Through Funds Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Qcells do?
It is privately held, operating in Manufacturing, and is based in Irvine.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.