PowerBank terminates sale of Gainesville, Highway 28 solar projects after permit delays

PUBT·04/15/2026 10:30:36

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PowerBank terminated sale of Gainesville solar project and Highway 28 solar project after required permits were not obtained by April 10, 2026.
Buyer issued sell-back notice, ending both transactions.
PowerBank will return about USD 2.35 million of advanced funds to buyer.
Company will assess options for Gainesville and Highway 28, including development as owned IPP assets or a sale to another buyer.
Hardie project and Rice Road project remain under construction, with commercial operation targeted for Q1 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powerbank Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-016672), on April 15, 2026, and is solely responsible for the information contained therein.

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