SolarBank (SUUN) 40-F 30 Sep 24 2024 FY Annual report (Canada) Financial data

Cover

Cover	12 Months Ended
	Jun. 30, 2024 shares
Entity Addresses [Line Items]
Document Type	40-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--06-30
Entity File Number	001-41976
Entity Registrant Name	SOLARBANK CORPORATION
Entity Central Index Key	0002011053
Entity Incorporation, State or Country Code	A6
Entity Address, Address Line One	505 Consumers Rd
Entity Address, Address Line Two	Suite 803
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	M2J 4Z2
City Area Code	416
Local Phone Number	494-9559
Title of 12(b) Security	Common Shares
Trading Symbol	SUUN
Security Exchange Name	NASDAQ
Annual Information Form	true
Audited Annual Financial Statements	true
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Common Stock, Shares Outstanding	27,191,075
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	6413
Auditor Name	ZH CPA, LLC
Auditor Location	Denver, Colorado
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	122 E. 42 Street
Entity Address, Address Line Two	18 Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10168
City Area Code	800
Local Phone Number	221-0102
Contact Personnel Name	Cogency Global Inc

Consolidated Statements of Fina

Consolidated Statements of Financial Position - CAD ($)		Jun. 30, 2024	Jun. 30, 2023
Current assets:
Cash		$ 5,270,405	$ 749,427
Short-term investment		920,000	6,550,000
Trade and other receivables		1,115,217	3,837,207
Unbilled revenue		666,748	7,405,866
Prepaid expenses and deposits		3,126,829	3,054,678
Inventory		6,530,650	448,721
Total current assets		17,629,849	22,045,899
Non-current liabilities:
Property, plant and equipment	[1]	3,454,923	950,133
Right-of-use assets		1,085,128	144,487
Development asset		8,909,371	1,106,503
Derivative asset		152,990
Tax equity asset		401,373
Goodwill		438,757
Intangible assets		2,001,447
Investment		5,152,023	722,515
Total non-current assets		21,596,012	2,923,638
Total assets		39,225,861	24,969,537
Current liabilities:
Trade and other payables		4,690,261	4,713,497
Unearned revenue		4,600,491	1,150,612
Current portion of long-term debt		448,229	151,111
Loan payables		1,309,884
Tax payable		2,112,606	929,944
Current portion of lease liability		148,787	44,961
Current portion of tax equity		78,592	93,751
Total current liabilities		13,388,850	7,083,876
Long-term debt		4,379,169	759,259
Other long-term liabilities		366,369
Deferred tax liabilities		1,073,835
Lease liability		992,687	128,350
Tax equity		300,650	366,856
Total non-current liabilities		7,112,710	1,254,465
Total liabilities		20,501,560	8,338,341
Shareholders’ equity:
Share capital		9,025,698	6,855,075
Contributed surplus		4,059,175	3,001,924
Accumulated other comprehensive income		99,681	(116,759)
Retained earnings		3,178,814	6,652,551
Equity attributable to shareholders of the company		16,363,368	16,392,791
Non-controlling interest		2,360,933	238,405
Total equity		18,724,301	16,631,196
Total liabilities and shareholders’ equity		$ 39,225,861	$ 24,969,537
[1]Addition of IPP facilities for the fiscal year ended June 30, 2024 and 2023 relate to business acquisitions of OFIT GM and OFTI RT (Note 17).

Consolidated Statements of Inco

Consolidated Statements of Income (loss) and Comprehensive Income (loss) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Total Revenue	$ 58,377,133	$ 18,397,509
Cost of goods sold	(46,698,437)	(13,860,309)
Gross profit	11,678,696	4,537,200
Operating expense:
Advertising and promotion	(4,087,936)	(282,908)
Consulting fees	(1,540,866)	(1,473,715)
Depreciation	(78,937)	(49,209)
Insurance	(416,175)	(130,259)
Listing fees	(724,080)	(101,505)
Office, rent and utilities	(645,512)	(330,600)
Professional fees	(1,860,929)	(730,639)
Repairs and maintenance	(139,618)	(18,264)
Salary and Wages	(1,279,651)	(920,879)
Stock based compensation	(860,379)	(2,946,850)
Travel and events	(362,220)	(228,509)
Total operating expenses	(11,996,303)	(7,213,337)
Other income (loss)
Interest income	320,751	128,407
Interest expense	(284,784)	(125,252)
Impairment loss	(4,100,270)	(724,205)
Fair value change loss	(1,261,892)
Other income	5,012,818	6,590,347
Net income before taxes	(630,984)	3,193,160
Current tax expense	2,961,662	951,174
Deferred tax expenses (recovery)	(15,502)
Net (loss) income	(3,577,144)	2,241,986
Currency translation adjustments	224,612	(200,824)
Other comprehensive income	224,612	(200,824)
Total (loss) income and comprehensive(Loss) income	(3,352,532)	2,041,162
Net income (loss) attributable to:
Shareholders of the company	(3,473,737)	2,241,986
Non-controlling interest	(103,407)
Total (loss) income and comprehensive (loss) income attributable to:
Shareholders of the company	(3,257,297)	2,041,162
Non-controlling interest	$ (95,235)
Net(loss) income per share
Basic	$ (0.13)	$ 0.11
Diluted	$ (0.13)	$ 0.06
Weighted average number of common shares outstanding
Basic	27,040,189	19,575,479
Diluted	27,040,189	37,233,190
EPC services [member]
IfrsStatementLineItems [Line Items]
Total Revenue	$ 54,066,468	$ 15,577,210
Development fees [member]
IfrsStatementLineItems [Line Items]
Total Revenue	2,011,750	2,724,040
IPP production [member]
IfrsStatementLineItems [Line Items]
Total Revenue	577,960
O&M services [member]
IfrsStatementLineItems [Line Items]
Total Revenue	119,634	96,259
Other services [member]
IfrsStatementLineItems [Line Items]
Total Revenue	$ 1,601,321

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - CAD ($)	Issued capital [member]	Share premium [member]	Retained earnings [member]	Accumulated other comprehensive income [member]	Shareholders equity [member]	Non-controlling interests [member]	Total
Balance at Jun. 30, 2022	$ 1,000		$ 4,410,565	$ 73,767	$ 4,485,332	$ (44,717)	$ 4,409,302
Balance, shares at Jun. 30, 2022	16,000,000
IfrsStatementLineItems [Line Items]
Net loss			2,241,986		2,241,986		2,241,986
Conversion of convertible debentures	$ 1,297,348				1,297,348		1,297,348
Conversion of convertible debentures, shares	2,500,000
Common shares issued, net of costs	$ 5,611,802				5,611,802		5,611,802
Common shares issued, net of costs, shares	8,050,000
Broker warrants issued	$ (242,575)	242,575
RSU granted		156,231			156,231		156,231
RSU vested	$ 187,500				187,500		187,500
RSU vested, shares	250,000
Share-based compensation		810,524			810,524		810,524
Advisory warrants issued		1,792,594			1,792,594		1,792,594
Other comprehensive loss				(190,526)	(190,526)		(190,526)
Solar facilities acquisition						283,122	283,122
Balance at Jun. 30, 2023	$ 6,855,075	3,001,924	6,652,551	(116,759)	16,392,791	238,405	$ 16,631,196
Balance, shares at Jun. 30, 2023	26,800,000						26,800,000
IfrsStatementLineItems [Line Items]
Net loss			(3,473,737)		(3,473,737)	(103,407)	$ (3,577,144)
Common shares issued, net of costs	$ 21,659				21,659		21,659
Common shares issued, net of costs, shares	2,200
RSU granted		65,066			65,066		65,066
Share-based compensation		795,313			795,313		795,313
Other comprehensive loss				216,440	216,440	8,172	224,612
Broker warrants exercised	$ 82,500				$ 82,500		$ 82,500
Broker warrants exercised, shares	110,000
OFIT GM and OFIT RT acquisition	2,066,464				2,066,464	2,508,989	4,575,453
OFIT GM and OFIT RT acquisition, shares	278,875
Acquisition of NCI of Solar Alliance DevCo		$ 196,872			$ 196,872	$ (291,226)	$ (94,354)
Balance at Jun. 30, 2024	$ 9,025,698	$ 4,059,175	$ 3,178,814	$ 99,681	$ 16,363,368	$ 2,360,933	$ 18,724,301
Balance, shares at Jun. 30, 2024	27,191,075						27,191,075

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities:
Net Income (loss)	$ (3,577,144)	$ 2,241,986
Adjustments for:
Depreciation and amortization	409,953	49,209
Fair value change loss	1,261,892
Impairment loss	4,100,270	724,205
Other income related to tax equity	(33,529)
Recovery of receivable credit loss	(3,089,295)	(212,779)
Recognition of receivable credit loss	174,226
Loss on fixed asset disposed		4,792
Interest accretion	91,951	47,348
Income tax expense	2,961,662	908,865
Deferred income tax expense recovery	(15,502)
Share-based compensation	860,379	2,946,849
Foreign exchange gain		(236,692)
Adjustments to reconcile profit (loss)	3,144,863	6,473,783
Changes in:
Trade and other receivables	2,850,543	(2,457,074)
Unbilled revenue	6,739,118	(7,402,866)
Contract fulfilment costs		3,384,064
Inventories	(5,646,777)	(264,182)
Prepaid expenses and deposits	9,637	(908,175)
Trade and other payables	(234,005)	2,414,753
Unearned revenue	3,429,477	1,150,612
Cash generated from operating activities	10,292,856	2,390,915
Income tax paid	(1,807,858)
Net cash generated from operating activities	8,484,998	2,390,915
Investing activities:
Acquisition of property, plant and equipment	(42,908)
Purchase of GIC	(2,500,000)	(8,750,000)
Redemption of GIC	8,130,000	2,200,000
Investment in SFF Shares	(2,465,000)	(722,615)
Acquisition of NCI in Solar Alliance Devco	(94,354)
Acquisition of development asset	(7,688,664)	(1,122,465)
Cash used in investing activities	(4,660,926)	(8,394,680)
Financing activities:
Net proceeds from convertible loan		1,250,000
Proceeds from issuance of common shares, net transaction costs	104,159	5,611,802
Repayment of lease obligation	(148,724)	(29,392)
Repayment of short-term loans		(320,275)
Proceeds from short-term loan– Geddes Loan	1,251,565
Repayment from long-term debts	(479,135)	(111,111)
Repayment of shareholder loan		(593,660)
Cash generated from (used in) financing activities	727,865	(5,807,364)
Increase (decrease) in cash	4,551,937	(196,401)
Effect of changes in exchange rates on cash	(30,959)	13,851
Cash, beginning	749,427	931,977
Cash, ending	$ 5,270,405	$ 749,427

Nature of operations

Nature of operations	12 Months Ended
	Jun. 30, 2024
Nature Of Operations
Nature of operations	1. Nature of operations SolarBank Corporation (the “Company”) was formed under the laws of the province of Ontario on September 23, 2013. The Company is engaged in the development and operation of solar photovoltaic power generation projects in Canada and the United States with a geographic focus in the province of Ontario, Canada and New York state, USA. The Company changed its name from Abundant Solar Energy Inc. to SolarBank Corporation on October 7, 2022. The address of the Company and the principal place of the business is 505 Consumers Rd, Suite 803, Toronto, ON, M2J 4Z2. On March 1, 2023, the Company closed its initial public offering (the “Offering”) of common shares. With completion of the Offering, the Company commenced trading its common shares on the Canadian Securities Exchange (the “CSE”) under the symbol “SUNN” on March 2, 2023. On February 14, 2024, the Company migrated its listing to the Cboe Canada Exchange Inc. under the existing trading symbol “SUNN”. On April 8, 2024, the Company’s common shares commenced trading on the Nasdaq Global market under the symbol “SUUN”.

Basis of presentation

Basis of presentation	12 Months Ended
	Jun. 30, 2024
Basis Of Presentation
Basis of presentation	2. Basis of presentation (a) Statement of compliance These consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The board approved these consolidated financial statements of directors for issue on September 30, 2024. (b) Basis of measurement These consolidated financial statements were prepared on a going concern basis and historical cost basis with the exception of certain financial instruments as disclosed in note 3. (c) Basis of consolidation (i) Subsidiaries These consolidated financial statements include the accounts of the Company and its wholly or partially owned subsidiaries. Subsidiaries are consolidated from the date on which the Company obtains control up to the date of the disposition of control. Control is achieved when the Company has power over the subsidiary, is exposed or has rights to variable returns from its involvement with the subsidiary and has the ability to use its power to affect its returns. For non-wholly owned subsidiaries over which the Company has control, the net assets attributable to outside equity shareholders are presented as “non-controlling interests” in the equity section of the consolidated statement of financial position. Net income or loss for the period that is attributable to the non-controlling interests is calculated based on the ownership of the non-controlling interest shareholders in the subsidiary. Balance, transactions, income and expenses between the Company and its subsidiaries are eliminated on consolidation. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 2. Basis of presentation (continued) Details of the Company’s significant subsidiaries which are consolidated are as follows: Schedule of significant subsidiaries Country of Incorporation Ownership interest Country of Ownership interest Name Incorporation June 30, 2024 June 30, 2023 Abundant Solar Power Inc. USA 100 % 100 % Abundant Construction Inc. Canada 100 % 100 % Abundant Energy Solutions Ltd. Canada 100 % 100 % 2467264 Ontario Inc. Canada 49.9 % 49.9 % OFIT GM Inc. Canada 49.9 % - OFIT RT Inc. Canada 49.9 % - Solar Alliance Energy DevCo LLC (1) USA 100 % 67 % Solar Alliance TE HoldCo 1, LLC (1) USA 100 % 67 % Solar Alliance VC1 LLC (1) USA 100 % 67 % Abundant Solar Power (US1) LLC (1) USA 100 % 100 % Abundant Solar Power (New York) LLC USA 100 % 100 % Abundant Solar Power (Maryland) LLC USA 100 % 100 % Abundant Solar Power (RP) LLC USA 100 % 100 % SUNN 1011 LLC USA 100 % 100 % SUNN 1012 LLC USA 100 % 100 % Abundant Solar Power (CNY) LLC USA 100 % 100 % SUNN 1016 LLC USA 100 % 100 % Abundant Solar Power (TZ1) LLC USA 100 % 100 % Abundant Solar Power (M1) LLC USA 100 % 100 % Abundant Solar Power (J1) LLC USA 100 % 100 % Abundant Solar Power (Steuben) LLC USA 100 % 100 % ABUNDANT SOLAR POWER (USNY-MARKHAM HOLLOW RD-001) LLC USA 100 % 100 % SUNN 1015 LLC USA 100 % 100 % SUNN 1002 LLC USA 100 % 100 % SUNN 1003 LLC USA 100 % 100 % ABUNDANT SOLAR POWER (USNY-Richmond-002) LLC USA 100 % 100 % ABUNDANT SOLAR POWER (USNY-Richmond-003) LLC USA 100 % 100 % SUNN 1006 LLC USA 100 % 100 % SUNN 1007 LLC USA 100 % 100 % SUNN 1008 LLC USA 100 % 100 % SUNN 1009 LLC USA 100 % 100 % SUNN 1010 LLC USA 100 % 100 % SUNN (203 Fuller Rd) LLC USA 100 % 100 % SUNN 1001 LLC USA 100 % 100 % Abundant Solar Power (USNY-6882 Rice Road-001) LLC USA 100 % 100 % Abundant Solar Power (LCP) LLC USA 100 % 100 % Abundant Solar Power (R1) LLC USA 100 % 100 % SUNN 1005 LLC USA 100 % 100 % SUNN 1013 LLC USA 100 % 100 % SUNN 1014 LLC USA 100 % 100 % ABUNDANT SOLAR POWER (USNY-327 Hardie Rd-001) LLC USA 100 % 100 % Abundant Solar Power (Dutch Hill) LLC USA 100 % 100 % Abundant Solar Power (Dutch Hill 2) LLC USA 100 % 100 % Abundant Solar Power (Dutch Hill 3) LLC USA 100 % 100 % SUNN 1004 LLC USA 100 % 100 % SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 2. Basis of presentation (continued) (ii) Functional and presentation currency The Company’s consolidated financial statements are presented in Canadian dollars. The functional currency of Canadian parent company and its Canadian subsidiaries is the Canadian dollar. The functional currency of its subsidiaries in the United States is the US dollar.

Significant accounting policies

Significant accounting policies	12 Months Ended
	Jun. 30, 2024
Significant Accounting Policies
Significant accounting policies	3. Significant accounting policies (a) Revenue recognition The Company recognizes revenue for project development services, engineering, procurement, and construction (“EPC”) services, operation and maintenance (“OM”) services,independent power producer (“IPP”) facilities, and other services. The Company applies the five-step model to contracts when it is probable that the Company will collect the consideration that it is entitled to in exchange for the services transferred to the customer. At contract inception, the Company assesses services promised within each contract that falls under the scope of IFRS 15, to identify distinct performance obligations. Project development services Each project development service contract with customers includes a single performance obligation: to deliver a fully permitted solar project that is ready for construction. The performance obligation is satisfied at a point in time, specifically when the development phase is considered complete, and all necessary permits are obtained. Revenue from development contracts is recognized when control of the fully permitted project is transferred to the customer, which occurs when the project is ready for construction. This reflects the point in time when the customer has the ability to direct the use of, and obtain substantially all the remaining benefits from, the solar project. OM services Each OM service contract with customers contains a single performance obligation, which is to provide maintenance services as needed for the solar sites. The performance obligation is satisfied over time, as the services are provided, and the customer receives and benefits from the services in real time. Revenue is recognized monthly, in line with the completion of the services. The amount of revenue recognized is based on the actual hours of service provided during the period, multiplied by the pre-determined hourly rate specified in the contract. This method reflects the continuous transfer of services and the customer’s immediate benefit from maintenance activities performed. EPC services Each EPC contract has a single performance obligation because the services provided are highly interrelated and include a significant service of integrating goods and services into a combined output — namely, the construction of solar sites. The performance obligation is satisfied over time, as the customer simultaneously receives and benefits from the services as they are provided. Revenue is recognized using the input method, based on the proportion of costs incurred to date relative to the total estimated costs of the project. This method best reflects the transfer of control of the services and the customer’s continuous receipt of benefits as the project progresses. The total estimated costs are regularly reviewed, and any changes are reflected in the percentage of completion and revenue recognized. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) IPP production Each Company-owned independent power producer (“IPP”) facility has a single performance obligation, which is to generate and deliver electricity to the grid. The performance obligation is satisfied over time, as the customer simultaneously receives and consumes the benefits of electricity as it is delivered. Revenue is recognized as electricity is dispatched and delivered to the grid, measured based on the quantity of electricity (kWh) provided. Other services Each other services contract with customers includes a single performance obligation: to complete the specified service or milestone outlined in the contract. The performance obligation is satisfied at a point in time, specifically when the service is fully performed or the milestone is achieved. Revenue is recognized at the point when control of the completed service or milestone passes to the customer, which occurs when the service is fully completed or the milestone is satisfied, in accordance with the terms of the contract. (b) Inventory Inventory is stated at the lower of cost and net realizable value. Cost includes acquisition costs, direct development costs, borrowing costs, property taxes and other overheads incurred for the development of prospective solar projects. Net realizable value is the estimated selling price in the ordinary course of the business at the balance sheet date, less costs to complete and estimated selling costs. The Company’s inventory mainly consists of costs incurred on solar projects. Once a project is determined to be cancelled, the net realizable value of the related inventory items becomes zero and the costs are expensed. (c) Unbilled revenue and unearned revenue Unbilled revenue and unearned revenue are a result of timing difference between when revenue is recognized and when billing is issued/collected. EPC services recognize revenue based on percentage of completion. Invoicing to customers typically follows milestones or predetermined schedules, which may not reflect the percentage of completion exactly. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) (d) Foreign currency translation The functional currency of the Company is the Canadian Dollar. Functional currencies of the Company’s subsidiaries are the currency of the primary economic environment in which the subsidiary operates. Monetary assets and liabilities denominated in foreign currencies are translated to the appropriate functional currency at foreign exchange rates as at the balance sheet date. Foreign exchange differences arising on translation are recognized in the statement of income and loss. Non-monetary assets that are measured in a foreign currency at historical cost are translated using the exchange rate at the date of the transaction. In preparing the Company’s consolidated financial statements, the financial statements of each entity are translated into Canadian dollars. The assets and liabilities of foreign operations are translated into Canadian dollars at exchange rates prevailing at the balance sheet date. Revenues and expenses are translated at average exchange rates for the year. Foreign exchange differences are recognized in other comprehensive income. (e) Short-term investments Short-term investments consist of investments with market values closely approximating book values and original maturities between three and twelve months at the time of purchase. As at June 30, 2024, the Company has two GICs in short-term investment totalling $ 920,000 4.25 4.95 6,550,000 4.7 4.95 (f) Business Combination The Company applies the acquisition method in accounting for business combinations. The consideration transferred by the Company to obtain control of a subsidiary is calculated as the sum of the acquisition-date fair values of assets transferred, liabilities incurred and the equity interests issued by the Company, which includes the fair value of any asset or liability arising from a contingent consideration arrangement. Acquisition costs are expensed as incurred. If the Company acquires a controlling interest in a business in which it previously held an equity interest, that equity interest is remeasured to fair value at the acquisition date with any resulting gain or loss recognised in profit or loss or other comprehensive income, as appropriate. Consideration transferred as part of a business combination may include the amounts related to the settlement of pre-existing relationships. The gain or loss on the settlement of any pre-existing relationship is recognised in profit or loss. (g) Financial instruments The Company recognizes a financial asset or a financial liability in its consolidated statement of financial position when it becomes party to the contractual provisions of the instrument. At initial recognition, the Company measures a financial asset or a financial liability at its fair value plus or minus, in the case of a financial asset or a financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or the financial liability. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) (i) Financial assets The Company will classify financial assets as subsequently measured at amortized cost, fair value through other comprehensive income, or fair value through profit or loss based on its business model for managing the financial asset and the financial asset’s contractual cash flow characteristics. The three categories are defined as follows: A. Financial assets at amortized cost: A financial asset is measured at amortized cost if both of the following conditions are met: ● the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows; and ● the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Company’s cash, trade and other receivables, unbilled revenue, and short-term investments are measured at amortized cost. B. Financial assets at fair value through other comprehensive income: Financial assets are classified and measured at fair value through other comprehensive loss if they are held in a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. The Company does not have any financial assets classified as fair value through other comprehensive loss. C. Financial assets at fair value through profit or loss: Any financial assets that are not held in one of the two business models mentioned are measured at fair value through profit or loss. The Company’s derivative asset and investment are classified as fair value through profit or loss. (ii) Financial liabilities The Company’s financial liabilities include trade and other payables, loan payable, long-term debt, lease liability, other long-term liabilities and tax equity. The Company classifies its financial liabilities into one of two categories, depending on the purpose for which the asset was acquired. The Company’s accounting policy for each category is as follows: A. Financial liabilities at fair value through profit or loss: Financial liabilities are classified at fair value through profit or loss if they are held for trading or are derivative liabilities. The Company does not have financial liabilities classified as fair value through profit or loss. B. Financial liabilities at amortized cost: Financial liabilities classified at amortized cost are those that are not classified as financial liabilities at fair value through profit or loss. Subsequent to initial recognition, they are carried at amortized cost using the effective interest method. The Company’s trade and other payables, loan payable, lease liabilities, long-term debt and tax equity liabilities are classified at amortized cost. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) (h) Expected credit losses In accordance with IFRS 9, loss allowances for expected credit losses (“ECLs”) on financial assets measured at amortized cost or at FVOCI are recognized. ECLs are updated at each reporting date on the basis of available information. The Company applies the simplified approach described in IFRS 9 to trade receivables, whereby the amount of the impairment allowance of a receivable is measured subsequent to initial recognition on the basis of lifetime expected credit losses. (i) Tax equity structures The Company owns and operates solar facilities in the US under subsidiaries that are set up as tax equity structures to finance the construction and operation of solar facilities. These structures are designed to allocate the majority of renewable tax incentives, such as investment tax credits (“ITCs”) and accelerated depreciation for tax purposes, to tax equity investors (“TEIs”). With its current portfolio of solar facilities, the Company cannot fully monetize such tax incentives and it therefore partners with third party TEIs. Generally, tax equity structures allocate the majority of the project’s US taxable income and renewable tax incentives, along with a portion of the project’s cash flows, to the TEIs until they receive an agreed-upon after-tax investment return (the “flip point”). The flip points are generally dependent on the projects’ respective returns but also may be contractually determined. At all times, both before and after the projects’ flip points, the Company retains control over the projects finance with a tax equity structure in partnership with third party TEIs. Subsequent to the flip point, the Company receives the majority of the projects’ taxable income, cash flows and remaining tax incentives. When a tax equity partnership is formed, the Company assesses whether the project company should be consolidated based on the Company’s right to variable returns and its ability to influence financial and operational decisions impacting those returns. Due to the operational and financial nature of the projects, and the protective nature of the rights normally given to tax equity investors, the Company typically has the control and influence to consolidate the entity. Amounts paid by the TEIs for their equity stakes are classified as debt on the consolidated statements of financial position and are measured at amortized cost using the EIR method. The Company has the option to settle with the TEI after the flip date at a defined price and in certain contracts the TEI can put their investment back to the Company after the flip date at the same defined price. These options are generally time bound. The Company recognizes the TEI contributions as a long-term liability, at an amount representing the proceeds received from the TEI in exchange for shares of the subsidiary, net of the following elements affecting amortized cost of the tax equity: ● ITC: ● Taxable income (loss), including tax attributes such as accelerated tax depreciation: ● Cash distributions: Tax equity balances are increased by interest recognized at the implicit interest rate. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) (j) Basic and diluted net income (loss) per share Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. (k) Impairment of non-financial assets At each reporting date, the Company reviews the carrying amounts of its non-financial assets including property, plant and equipment (other than deferred tax assets) to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For impairment testing, assets are grouped together into cash-generating units (“CGUs”) which are the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs of disposal. Value in use is based on the estimated future cash flows, discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. Impairment losses are recognized in profit or loss. The Company evaluates impairment losses, except goodwill, for potential reversals when events or circumstances warrant such consideration. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. (l) Income taxes Income tax represents current tax and deferred tax. The Company and its subsidiaries record current tax based on the taxable income for the period calculated using tax rates that have been enacted or substantively enacted by the reporting date. Deferred income taxes are accounted for using the liability method. The asset-liability method requires that income taxes reflect the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities and their tax bases. Deferred income tax assets and liabilities are determined for each temporary difference based on enacted or substantially enacted tax rates that are expected to be in effect when the underlying items are expected to be realized. The effect of a change in tax rates or tax legislation is recognized in the period of substantive enactment. Deferred tax assets, such as non-capital loss carry forwards, are recognized to the extent it is probable that taxable income will be available against which the asset can be utilized. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) (m) Property, plant and equipment Property, plant and equipment are initially recorded at cost, including all directly attributable costs to bring the assets to the location and condition necessary for it to be capable of operating in the manner intended by management. Property, plant and equipment are subsequently measured at cost less accumulated depreciation and impairment losses. Depreciation is computed on a declining balance basis based on the nature and useful lives of the assets. The significant classes of plant and equipment and their estimated useful lives are as follows: Schedule of plant and equipment estimated useful lives Computer equipment 55 % Furniture and equipment 20 % IPP facility 20 25 Subsequent costs that meet the asset recognition criteria are capitalized, while costs incurred that do not extend the economic useful life of an asset are considered repairs and maintenance, which are accounted for as an expense recognized during the year. (n) Development asset Development assets consist of design, development, engineering, interconnection, permitting, and acquisition costs associated with new solar facilities. These costs are capitalized within project development costs until construction begins, at which time they are transferred to property, plant and equipment. The Company capitalizes these costs when it believes the facilities will more likely than not be constructed. (o) Share based payment transactions The Company makes share-based awards, including restricted share units (“RSUs”) and stock options to employees, officers, directors, and consultants. For equity-settled awards, the fair value is charged to the consolidated statements of income and credited to equity, on a straight-line basis over the vesting period, after adjusting for the estimated number of awards that are expected to vest. The fair value of RSUs is determined based on quoted market price of our common shares at the date of grant. The fair value of the stock options granted to employees, officers, and directors is determined at the date of grant using the Black-Scholes option pricing model with market related input. The fair value of stock options granted to consultants is measured at the fair value of the services delivered unless that fair value cannot be estimated reliably, which then is determined using the Black-Scholes option pricing model. Stock options with graded vesting schedules are accounted for as separate grants with different vesting periods and fair values. At each reporting date prior to vesting, the cumulative expense representing the extent to which the vesting period has expired and management’s best estimate of the awards that are ultimately expected to vest is computed (after adjusting for non-market performance conditions). The movement in cumulative expense is recognized in the consolidated statements of income with a corresponding entry within equity. No expense is recognized for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition, which are treated as vested irrespective of whether or not the market condition is satisfied, provided that all other performance conditions are satisfied. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) (p) Leases The Company assesses whether a contract is or contains a lease at the inception of the contract. A lease is recognized as a right-of-use (“ROU”) asset and corresponding lease liability at the commencement date. Each lease payment included in the lease liability is apportioned between the repayment of the liability and an interest expense in profit or loss. Lease liabilities represent the net present value of fixed lease payments (including in-substance fixed payments); variable lease payments based on an index, rate, or subject to a fair market value renewal condition; amounts expected to be payable by the lessee under residual value guarantees, the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and payments of penalties for terminating the lease, if it is probable that the lessee will exercise that option. A lease modification is accounted for as a separate lease from the original lease if the modification increases the scope of the lease by adding the right to use one or more underlying assets; and the consideration for the lease increase by an amount commensurate with the stand-alone price for the increase in scope and any appropriate adjustments to that stand-alone price to reflect the circumstances of the particular contract. If the lease modification merely extends the Company’s right to use an existing leased asset to which it already has access, the modification is not accounted for as a separate lease. Instead, the Company recalculates the existing lease obligations on the effective date of the lease modification to include the lease payments until the end of the extended period and a corresponding adjustment is also made to the RoU asset. The additional RoU asset and lease obligations relating to the extended period are therefore recognized on the date of modification. (q) Government grant The government grant is recognized when there is reasonable assurance that the Company will comply with any conditions attached to the grant, and the grant will be received. The government grant is recognized in profit or loss to offset the related expenses on a systematic basis over the periods in which the Company recognizes expenses for the related costs for which the grants are intended to compensate, which in the case of grants related to assets requires setting up the grant as deferred income or deducting it from the carrying amount of the asset. (r) Intangible assets Intangible assets are recognize at fair value at the acquisition date in a business combination. The acquired OFIT GM and OFIT RT entities held Feed-In Tariff (“FIT”) contracts, which are separable and arises from contractual rights, and sufficient information exists to measure reliably the fair value of the contracts. The terms of the FIT contracts expire in October 2036. The value of the FIT contracts are amortized on a straight-line basis until October 2036. (s) Goodwill Goodwill represents the excess of the purchase price of the acquired businesses over the estimated fair value of the tangible and intangible net assets at the date acquired, and is allocated to the CGU expected to benefit from the acquisition. A CGU is the smallest group of assets for which there are separately identifiable cash flows. Goodwill is not amortized but is assessed for impairment at least annually and whenever events or circumstances indicate that its carrying value may not be fully recoverable. The impairment test requires comparing the carrying values for the Company’s CGUs, including goodwill, to their recoverable amounts. The Company determines the recoverable amounts using estimated future cash flows discounted at an after-tax rate that reflects the risk adjusted weighted average cost of capital. Any excess of the carrying value of a CGU over the recoverable amount is expensed in the period the impairment is identified. An impairment loss recorded for goodwill is not reversed in a subsequent period. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) (t) Significant accounting judgments and estimates The preparation of financial statements requires management to use accounting estimates and exercise judgment in the process of applying its accounting policies. Actual results may differ from the estimates and assumptions used in preparing these consolidated financial statements. Estimates and judgments are regularly evaluated and are based on management’s experience and other factors, including expectations about future events that are believed to be reasonable under the circumstances. The following discusses the most significant accounting judgments and estimates that the Company has made in the preparation of the consolidated financial statements: (i) Taxes: The Company accounts for differences that arise between the carrying amount of assets and liabilities and their tax bases in accordance with IAS 12, Income Taxes, which requires deferred income tax assets only to be recognized to the extent that it is probable that future taxable profits will be available against which the deferred income tax assets can be utilized. The Company estimates future taxable profits based on the future financial models and projections. Any change to the estimates and assumptions used for the key operational and financial variables could affect the amount of deferred income tax assets recognized by the Company. Provisions for taxes are made using the best estimate of the amount expected to be paid based on a qualitative assessment of all relevant factors. The Company reviews the adequacy of these provisions at the end of the reporting period. (ii) Percentage of completion calculation: The Company measures the stage of completion for EPC projects based on costs incurred to date compared to the total estimated costs for the project. The significant estimates included in the total costs for projects can change may affect revenue, unbilled revenue, and unearned revenue. (iii) Stock-based compensation: The fair value of stock options issued and warrants granted are subject to the limitation of the Black-Scholes option pricing model which incorporates market data, and which involves uncertainty and subjectivity in estimates used by management in the assumptions. The model requires assumptions relating to share price volatility, expected life of options and discount rate. Changes in these assumptions affect the fair value of the options and the amount of stock-based compensation to be recognized in operations over the vesting period. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) (iv) Impairment of goodwill and long-lived assets: Determining if there are any facts and circumstances as indicating impairment loss or reversal of impairment losses is a subjective process involving judgement and a number of estimates and assumptions in many cases. In assessing impairment, management assesses the recoverable amount of each asset or CGU based on expected future cashflows and uses an interest rate to discount them. Estimation uncertainty relates to assumptions about future operating results and the determination of a suitable discount rate. (v) Fair value of investment: The determination of fair value of the Company’s investment at other than initial cost is subject to certain limitations. Financial information for private companies in which the Company has investment may not be available and, even if available, that information may be limited and/or unreliable. Management exercises significant judgement when determining the fair value of the equity investment in private companies at the end of each reporting period by using company-specific information and other inputs that are not based on observable market data . (vi) Acquisition valuation method: The Company uses valuation techniques when determining the fair value of certain assets and liabilities acquired in a business combination. In particular, the fair value of each intangible assets is dependent on the outcome of many variables. (u) Adoption of new accounting standards IAS 1 – Presentation of Financial Statements The IASB issued amendments to IAS 1 “Presentation of Financial Statements” on Classification of Liabilities as Current or Non-Current, which clarifies the guidance on whether a liability should be classified as either current or non-current. The amendments clarify that the classification of liabilities as current or non-current should only be based on rights that are in place “at the end of the reporting period”. Similar to existing requirements in IAS 1, the classification of liabilities is unaffected by management’s intentions or expectations about whether the company will exercise its right to defer settlement or will choose to settle early. The amendments also make clear that settlement includes transfers to the counterpart of cash, equity instruments, other assets or services that result in extinguishment of the liability. The amendments to IAS 1 also specify that covenants to be complied with after the reporting date do not affect the classification of debt as current or non-current at the reporting date. Instead, the amendments require an entity to disclose information about these covenants in the notes to financial statements. This amendment is effective for annual periods beginning on or after May 1, 2023. The adoption of these new amendments did not have a significant impact on the Company’s consolidated financial statements. Definition of Accounting Estimates (Amendments to IAS 8) The IASB has issued amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors which introduce a definition of accounting estimates and provide other clarifications to help entities distinguish accounting policies from accounting estimates. Under the amendments, accounting estimates are defined as “monetary amounts in financial statements that are subject to measurement uncertainty”. The amendments also emphasize that a change in an accounting estimate that results from new information or new developments is not an error correction and that changes in an input or a measurement technique used to develop an accounting estimate are considered changes in accounting estimates if those changes in an input or measurement technique are not the result of an error correction. This amendment is effective for annual periods beginning on or after May 1, 2023. The adoption of this amendment did not have a material impact on the Company’s consolidated financial statements. (v) Accounting standards issued but not yet effective The new standards or amendments issued but not yet effective are either not applicable or not expected to have a significant impact on the Company’s consolidated financial statements. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars)

Trade and other receivables

Trade and other receivables	12 Months Ended
	Jun. 30, 2024
Trade And Other Receivables
Trade and other receivables	4. Trade and other receivables Schedule of trade and other receivables June 30, 2024 June 30, 2023 Accounts receivable $ 966,150 $ 1,978,834 Receivable due from SFF (1) - 8,024,195 Other receivable 323,293 321,016 Credit loss allowance (1) (2) (174,226 ) (6,486,838 ) Trade and other receivables $ 1,115,217 $ 3,837,207 (1) In 2017, the Company entered into a sales contract with a group of limited partnerships now known as Solar Flow-Through Funds Ltd. (“SFF”) to provide development services for solar photovoltaic projects. The Company has written off receivables of total $ 6,486,838 During the year ended June 30, 2024, the previously written down $ 6,486,838 1,750,143 1,052,599 2.93 4,839,438 (2) The Company’s changes in credit loss allowance for the year ended June 30, 2024 and 2023 are as follows: June 30, 2024 June 30, 2023 Credit loss allowance, beginning of the year $ (6,486,838 ) $ (6,486,838 ) Recognition of credit loss (174,226 ) - Recovery of credit loss 4,839,438 - Written-off of credit loss 1,647,400 - Credit loss allowance, end of the year $ (174,226 ) $ (6,486,838 )

Prepaid expenses and deposits

Prepaid expenses and deposits	12 Months Ended
	Jun. 30, 2024
Prepaid Expenses And Deposits
Prepaid expenses and deposits	5. Prepaid expenses and deposits Schedule of Prepaid Expenses and Deposits June 30, 2024 June 30, 2023 Interconnection deposits (1) $ 4,291 $ 469,725 Construction in progress deposits (2) 2,543,120 1,623,209 Security deposits 12,352 12,352 Prepaid insurance 128,285 74,373 Prepaid marketing expenses (3) 341,825 782,101 Other prepaids and deposits 96,956 92,918 Prepaid expenses and deposits $ 3,126,829 $ 3,054,678 (1) Interconnection deposits are made to the utility companies for the connection cost of each project that completes a CESIR report (Coordinated Electric System Interconnection Review) with that utility. The utility companies complete their analysis and provide an estimated cost to connect the project to the grid when ready. To hold the place in the utility line and reserve grid capacity for said project, the estimated connection cost must be paid ahead of time which is what comprises the interconnection deposits amount. The Interconnection deposit would become a part of the cost of sales once the projects reach commercial operation. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 5. Prepaid expenses and deposits (continued) (2) Deposits related prepayments made on the purchase of raw materials required for construction of EPC projects located in New York, USA. (3) The Company hired investor relations and marketing consultant companies to increase the Company’s visibility in the market and to explore over-seas markets. The balance is related to the payment made to these marketing consultant companies.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Jun. 30, 2024
Disclosure of detailed information about property, plant and equipment [abstract]
Property, Plant and Equipment	6. Property, Plant and Equipment Schedule of Property Plant and Equipment Computer equipment Furniture and equipment Vehicle IPP facilities (1) Total Cost: Balance, June 30, 2022 $ 59,984 83,706 - - $ 143,690 Additions Additions/dispositions (40,728 ) (33,453 ) - 937,194 863,013 Reclass to tax equity asset Foreign currency impact Depreciation Reversal Balance, June 30, 2023 $ 19,256 50,253 - 937,194 $ 1,006,703 Accumulated amortization: Balance, June 30, 2022 $ 49,973 68,603 - - $ 118,576 Depreciation 4,728 2,655 - - 7,383 Reversal (40,825 ) (28,564 ) - - (69,389 ) Foreign currency impact Balance, June 30, 2023 $ 13,876 42,694 - - $ 56,570 Net Book Value- $ 5,380 7,559 - 937,194 $ 950,133 Computer equipment Furniture and equipment Vehicle IPP facilities Total Cost: Balance, June 30, 2023 $ 19,256 50,253 - 937,194 $ 1,006,703 Additions - 7,300 35,608 3,100,000 3,142,908 Additions/dispositions Reclass to tax equity asset (2) - - - (474,547 ) (474,547 ) Foreign currency impact - - - 15,620 15,620 Balance, June 30, 2024 $ 19,256 57,553 35,608 3,578,267 $ 3,690,684 Accumulated amortization: Balance, June 30, 2023 $ 13,876 42,694 - - $ 56,570 Depreciation (3) 2,316 2,136 4,216 170,140 178,808 Reversal Foreign currency impact - - - 383 383 Balance, June 30, 2024 $ 16,192 44,830 4,216 170,523 $ 235,761 Net Book Value- $ 3,064 12,723 31,392 3,407,744 $ 3,454,923 (1) Addition of IPP facilities for the fiscal year ended June 30, 2024 and 2023 relate to business acquisitions of OFIT GM and OFTI RT (Note 17). The IPP facilities held by OFIT GM and OFIT RT totaling $ 3,100,000 (2) Tax equity asset of $ 474,547 (3) Total depreciation expense of $ 170,140 Nil 8,668 7,383 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars)

Unbilled Revenue

Unbilled Revenue	12 Months Ended
	Jun. 30, 2024
Unbilled Revenue
Unbilled Revenue	7. Unbilled Revenue As of June 30, 2024 and 2023, the Company’s unbilled revenue mostly consists of invoices not yet issued for EPC projects where revenue recognized through percentage of completion. Schedule of Unbilled Revenues 2024 2023 Beginning of the year $ 7,405,866 - Amounts invoices included in the beginning balance (7,405,866 ) - Net increase in unbilled revenue recognized during the year 666,722 7,405,866 Foreign currency Impact 26 - End of the year $ 666,748 7,405,866

Inventory

Inventory	12 Months Ended
	Jun. 30, 2024
Disclosure Of Inventory Abstract
Inventory	8. Inventory As of June 30, 2024 and 2023, the Company’s inventory is comprised of development costs for the solar projects. Schedule of Inventory Balance, June 30, 2022 195,920 Additions: development costs 805,214 Minus: recognized as cost of goods sold upon revenue recognition (508,130 ) Minus: costs expensed due to project cancellation (2) (47,664 ) Foreign currency Impact 3,381 Balance, June 30, 2023 $ 448,721 Balance, June 30, 2023 448,721 Additions: development costs (1) 6,903,079 Minus: recognized as cost of goods sold upon revenue recognition (338,118 ) Minus: costs expensed due to project cancellation (2) (496,147 ) Foreign currency Impact 13,115 Balance, June 30, 2024 $ 6,530,650 (1) During the year ended June 30, 2024, the Company entered into a purchase agreement related to a solar project to be constructed on a separate site located at Camilus, New York (the “Camilus Purchase Agreement”, the “Camilus project”). According to the Camilus Purchase Agreement, the purchase price includes a consideration of $2,155,703 (USD $ 1,575,000 The acquisition was closed on March 22, 2024 (the “Closing Date”), and the Company concluded the transaction is an asset acquisition given the Camilus project being in initial development stage with no NTP granted yet. For the year ended June 30, 2024, the Company recorded a total of $ 2,051,440 431,141 1,620,299 366,369 1,253,930 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 8. Inventory (continued) (2) Inventory provision for the fiscal year ending June 30: 2024 2023 Balance, opening $ (47,664 ) - Additions: cost expensed due to project cancellation (496,147 ) (48,231 ) Foreign currency Impact (5,004 ) 567 Balance, closing $ (548,815 ) (47,664 )

Development asset

Development asset	12 Months Ended
	Jun. 30, 2024
Development Asset
Development asset	9. Development asset Development projects are depreciated over the useful lives of the resulting assets once they become operational. The balance in development assets include costs incurred on self-owned projects. Detail of costs as at June 30, 2024 and 2023 are as follows: Schedule of Development Asset Interconnection and permitting Construction material Construction and labour Other Total Balance, June 30, 2022 $ - - - - $ - Additions 1,060,119 - 46,384 - 1,106,503 Balance, June 30, 2023 $ 1,060,119 - 46,384 - $ 1,106,503 Balance, June 30, 2023 $ 1,060,119 - 46,384 - $ 1,106,503 Additions 704,166 3,148,742 3,615,885 334,075 7,802,868 Balance, June 30, 2024 $ 1,764,285 3,148,742 3,662,269 334,075 $ 8,909,371

Trade and other payables

Trade and other payables	12 Months Ended
	Jun. 30, 2024
Trade And Other Payables
Trade and other payables	10. Trade and other payables Schedule of trade and other payables June 30, 2024 June 30, 2023 Accounts payable and accrued liabilities $ 2,996,308 $ 1,542,849 Due to related party (Note 22) 124,125 63,754 Other payable (1) 1,569,828 3,106,894 Trade and other payables $ 4,690,261 $ 4,713,497 (1) Balance includes $ 1,097,452 2,123,220 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars)

Unearned revenue

Unearned revenue	12 Months Ended
	Jun. 30, 2024
Unearned Revenue
Unearned revenue	11. Unearned revenue As of June 30, 2024 and 2023, the Company’s unearned revenue mostly consists of payments received for EPC projects not started yet. Schedule of unearned revenue 2024 2023 Beginning of the year $ 1,150,612 16,281 Recognition of revenue included in the beginning balance (16,281 ) - Net increase in unearned revenue recognized during the year 3,445,757 1,134,331 Foreign currency Impact 20,403 - End of the year $ 4,600,491 1,150,612

Right of use assets and lease l

Right of use assets and lease liabilities	12 Months Ended
	Jun. 30, 2024
Right Of Use Assets And Lease Liabilities
Right of use assets and lease liabilities	12. Right of use assets and lease liabilities The Company commenced leasing its current office space in 2022 in Canada. The lease started on May 1, 2022, with a five-year 4,697 10 8,510 On November 1, 2023, the Company acquired shares of OFIT GM Inc. (“OFIT GM”) and OFIT RT Inc. (“OFIT RT”) (Note 17). The OFIT companies leased five properties where IPP facilities are located. The leases commenced during the period from August 28, 2017 to October 6, 2017, each with a 20 502 2,456 1,250 8,125 5.74 The continuity of the right-of-use as of June 30, 2024 and 2023 is as follows: Schedule of right of use assets Right-of- use assets Office Cost: Balance, June 30, 2022 197,719 Addition - Balance, June 30, 2023 197,719 Accumulated Depreciation: Balance, June 30, 2022 11,405 Depreciation: 41,827 Balance, June 30, 2023 53,232 Net Book Value, June 30, 2023 144,487 Right-of- use assets Office IPP Facilities Total Cost: Balance, June 30, 2023 $ 197,719 - 197,719 Addition 116,168 946,943 1,063,111 Balance, June 30, 2024 $ 313,887 946,943 1,271,366 Accumulated Depreciation: Balance, June 30, 2023 $ 53,232 - 53,232 Depreciation 70,269 52,201 122,470 Balance, June 30, 2024 $ 123,501 52,201 180,465 Net Book Value, June 30, 2024 $ 190,386 894,742 1,085,128 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 12. Right of use assets and lease liabilities (continued) The continuity of the lease liabilities as of June 30, 2024 and 2023 is as follows: Schedule of lease liabilities Lease liabilities Office Balance, June 30, 2022 202,704 Additions, Lease liabilities Payments: (46,966 ) Interest accretion: 17,573 Balance, June 30, 2023 173,311 Current 44,961 Long term 128,350 Net Book Value, June 30, 2023 173,311 Lease liabilities Office IPP Facilities Total Balance, June 30, 2023 $ 173,311 - 173,311 Additions 116,168 946,943 1,063,111 Payments (81,619 ) (73,098 ) (154,717 ) Interest accretion 21,816 37,953 59,769 Balance, June 30, 2024 $ 229,676 911,798 1,141,474 Current 95,420 53,367 148,787 Long term 134,256 858,431 992,687 Balance, June 30, 2024 $ 229,676 911,798 1,141,474 The maturity analysis of the Company’s contractual undiscounted lease liabilities as of June 30, 2024 is as follows: Schedule of maturity lease liabilities 2025 $ 218,013 2026 226,104 2027 124,389 2028 103,819 2028 onward 852,727 Total $ 1,525,052

Loan payable

Loan payable	12 Months Ended
	Jun. 30, 2024
Loan Payable
Loan payable	13. Loan payable On June 20, 2024, the Company entered into a Construction Loan Agreement for the construction of the Geddes project (the “Geddes Construction Loan”). The Geddes Construction Loan is for a principal amount of up to USD $ 2,600,000 The Geddes Construction Loan advancement amount shall accrue interest, which is to be added to the outstanding principal balance starting from the date of reception, at a variable rate per annum equal to the One Month CME Term SOFR Reference Rate plus a margin of 4 6-year As at June 30, 2024, the loan payable balance included principal payable of $ 1,251,565 914,418 3,571 2,609 54,748 40,000 The Geddes Construction Loan is secured against the assets associated with the Geddes Project and the Company has provided a guarantee of completion and payment. As at June 30, 2024, the Geddes project has a total value of $ 8,909,371

Intangible assets

Intangible assets	12 Months Ended
	Jun. 30, 2024
Notes and other explanatory information [abstract]
Intangible assets	14. Intangible assets Schedule of intangible assets FIT Contracts (1) Cost: Balance, June 30, 2023 and 2022 $ - Addition 2,110,000 Amortization 108,553 Balance, June 30, 2024 $ 2,110,000 Accumulated amortization: Balance, June 30, 2023 and 2022 $ - Balance $ - Amortization 108,553 Balance, June 30, 2024 $ 108,553 Balance $ 108,553 Net Book Value, June 30, 2024 $ 2,001,447 Net Book Value, June 30, 2023 $ - (1) Addition of FIT contracts for the year ended June 30, 2024 is related to the business acquisitions of OFIT GM and OFTI RT (Note 17). Total amortization expenses of $ 108,553 Nil SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars)

Long-term debt

Long-term debt	12 Months Ended
	Jun. 30, 2024
Long-term Debt
Long-term debt	15. Long-term debt Schedule of long term debt June 30, 2024 June 30, 2023 Highly Affected Sectors Credit Availability Program (1) $ 759,259 $ 870,370 Canadian Emergency Business Account (2) - 40,000 Long-term loans (3) 4,068,139 - Total 4,827,398 910,370 Less: current portion 448,229 151,111 Long-term portion $ 4,379,169 $ 759,259 (1) In 2021, the Company received a Highly Affected Sectors Credit Availability Program (HASCAP) loan for a total of $ 1,000,000 4 32,812 37,214 (2) The Company received a Canada Emergency Business Account (“CEBA”) interest-free loan for a total of $ 60,000 0 40,000 20,000 (3) The Company assumed these loans from the acquisition of OFIT GM and OFIT RT (Note 17). The loans were originally obtained on December 19, 2017 for a total principal amount of $ 6,070,839 1.98 4.75 The loans will mature on December 19, 2029 During the period from the acquisition date of November 1, 2024 to June 30, 2024, the interest recorded and paid was $ 153,237 Interest rate swaps are accounted for as derivatives assets(liabilities) and recorded at fair value on the consolidated statements of financial position with change in fair value recorded in profit or loss. For the year ended June 30, 2024, the Company recorded fair value change loss of $ 137,101 The loans are guaranteed by Panasonic Corporation North America and collateralized by the solar projects owned by OFIT GM and OFIT RT, including related contracts such as FIT contracts, site leases and similar contracts. Estimated principal repayments are as follows: Schedule of estimated principal repayments 2025 $ 448,229 2026 457,740 2027 467,686 2028 478,089 2028 onwards 2,975,654 Total $ 4,827,398 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars)

Tax equity

Tax equity	12 Months Ended
	Jun. 30, 2024
Tax Equity
Tax equity	16. Tax equity On June 20, 2023 (the “acquisition date”) the Company acquired 67 Amounts paid by the TEIs for their equity stakes are classified as debt on the consolidated statements of financial position and are measured at amortized cost using the effective interest rate (“EIR”) method. Amortized cost is affected by the allocation of ITCs (in tax equity assets), taxable income, and accelerated tax depreciation. Financing expenses represent the interest accretion using the EIR. The EIR of the tax equity was determined to be 9 460,607 99 474,547 Tax equity investors in US solar projects generally require sponsor guarantees as a condition to their investment. To support the tax equity investments, the Company executed guarantees indemnifying the tax equity investors against certain breaches of project level representations, warranties and covenants and other events. The Company believe these indemnifications cover matters which are substantially under its control and are unlikely to occur. The Company recognized $ 33,529 nil 32,182 nil

Acquisitions

Acquisitions	12 Months Ended
	Jun. 30, 2024
Disclosure of detailed information about business combination [abstract]
Acquisitions	17. Acquisitions Solar Alliance DevCo LLC Abundant Solar Power Inc. (“ASP”) has an EPC agreement with Solar Alliance Energy Inc (“Solar Alliance”) to be engaged in the development, engineering, procurement, construction, and operations of solar energy facilities (US1 & VC1 projects). The US1 & VC1 projects reached PTO (permission to operation) in December 2022. According to the EPC agreement, ASP had fulfilled its performance obligation and was able to recognize EPC services revenue at the amount of $ 1,340,765 1,082,345 On December 28, 2022, the Company entered into a promissory note with Solar Alliance converting a series of overdue accounts receivables of $ 1,206,004 891,158 15 On June 20, 2023, the Company settled the outstanding promissory note of $ 1,206,004 891,158 111,821 82,203 67 The allocation of the purchase consideration to the total fair value of net assets acquired is as follows: Schedule of purchase consideration to the total fair value of net assets acquired Fair value of net assets acquired $ Accounts receivable 407,210 Property, plant and equipment 462,647 Tax equity asset 474,547 Accounts payable (25,851 ) Tax equity liability (460,607 ) Identifiable net assets acquired 857,946 Non-controlling interest (283,122 ) Purchase consideration transferred 574,824 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 17. Acquisitions (continued) On acquisition, the purchase consideration transferred of $ 574,824 724,205 539,204 On December 4, 2023, ASP acquired the remaining 33 94,354 70,000 291,226 213,838 196,872 143,838 During the year ended June 30, 2024 before the measuring period closed, the Company reclassed the tax equity asset of $ 474,547 OFIT GM Inc. (“OFIT GM”) and OFIT RT Inc. (“OFIT RT”) The Company entered into share purchase agreements (the “OFIT SPAs”) dated October 23, 2023 to acquire control of two corporations that hold solar projects located in Ontario with a combined capacity of 2.5 MW (the “OFIT Projects”) for consideration of $ 432,510 278,875 49.9 49.9 The acquisition of the OFIT Purchased Entities is considered a business combination as the assets acquired and liabilities assumed constitute a business. The transaction was accounted for using the acquisition method of accounting whereby the assets acquired, and liabilities assumed were recorded at their estimated fair value at the acquisition date. The identified assets acquired and liabilities assumed have been determined provisionally and purchase price allocation has not yet been finalized. Changes in the assumptions used in the valuation of these assets may affect the fair value resulting in a reallocation of purchase price to or from the amount recognized for goodwill. Any changes in these amounts will also result in a change in the relevant deferred tax liabilities recognized on the fixed assets and intangibles. The Company expects to finalize its purchase price allocation by the first quarter of fiscal 2025. The President & Chief Executive Officer and a director of the Company was indirectly a shareholder of the OFIT Purchased Entities and indirectly received one-third of the OFIT Consideration Shares. As a result, the OFIT Transaction is considered a related party transaction. The Company incurred minimal acquisition-related costs on the OFIT Transaction. For the period during November 1, 2023 to June 30, 2024, OFIT GM and OFIT RT contributed revenue of $ 366,429 142,665 160,022 60,397 Had the acquisition occurred on July 1, 2023, management estimates that the consolidated revenue would have been $ 58,579,898 $ 4,251,497 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 17. Acquisitions (continued) The allocation of the purchase consideration to the total fair value of net assets acquired on OFIT acquisition date is as follows: $ $ $ Fair value of net assets (liabilities) acquired OFIT GM OFIT RT Net Cash 242,885 200,780 443,665 Accounts receivable 6,454 26,611 33,065 Prepaid 11,210 5,297 16,507 Property, plant and equipment (3) 2,165,000 935,000 3,100,000 Derivative assets 211,237 78,853 290,090 Current liabilities (29,716 ) (9,189 ) (38,905 ) Long-term loans (3,200,254 ) (1,195,909 ) (4,396,163 ) Deferred tax liability (758,150 ) (331,174 ) (1,089,324 ) Identifiable net liabilities assumed at fair value (1,351,334 ) (289,731 ) (1,641,065 ) Intangible asset identified (3) 1,500,000 610,000 2,110,000 Goodwill arising on acquisition (4) 3,522,172 1,016,855 4,539,027 Non-controlling interest (2) (1,839,090 ) (669,899 ) (2,508,989 ) Purchase consideration transferred 1,831,748 667,225 2,498,973 Consideration paid in cash 232,263 200,247 432,510 Consideration paid in common shares (1) 1,599,485 466,978 2,066,463 Total consideration 1,831,748 667,225 2,498,973 (1) Consideration paid in the Company’s common shares was valued at closing market value as at November 1, 2023. (2) Non-controlling interest was calculated based on the proportionate interest in the recognized amounts of the asset and liabilities of OFITM GM and OFIR RT on the acquisition date. (3) Measurement of fair value The valuation techniques used for measuring the fair value of material assets acquired were as follows. Asset acquired Valuation technique Property, plant and equipment The Cost Approach was used to value the capital assets. The approach starts with the current replacement cost of new capital assets and then deduct for the loss in value caused by physical deterioration, functional obsolescence, and economic obsolescence. Intangible assets The FIT Contracts were identified as the only intangible assets from the acquisition which warranted determination of fair value. The Multi-Period Excess Earnings Method (“MPEE Method”) was use in determining the fair value of the FIT contracts. Such a method was deemed appropriate as the Company is projecting revenue and net income attributable to the FIT Contracts going forward. (4) The goodwill is attributable to the synergies expected to be achieved from integrating the Company into OFIT GM and OFIT RT IPP operations.

Financial instruments

Financial instruments	12 Months Ended
	Jun. 30, 2024
Disclosure of detailed information about financial instruments [abstract]
Financial instruments	18. Financial instruments The Company as part of its operations carries financial instruments consisting of cash, trade and other receivables, unbilled revenue, derivative assets, investment, trade and other payables, loan payables, long-term debt, lease obligations, and other long-term liabilities. (a) Fair value: The Company’s financial assets and liabilities carried at fair value are measured and recognized according to a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy are as follows: ● Level 1: Quoted prices in active markets for identical assets or liabilities. ● Level 2: Inputs other than quoted prices that are observable for the asset or liability. ● Level 3: Inputs for the asset or liability that are not based on observable market data. The fair value of investments in SFF units are determined using Level 3 inputs (Note 20). SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 18. Financial instruments (continued) The Company has variable interest rate loans with interest rate swap to effectively hedge the floating rate term loans into fixed rate arrangements by receiving floating rate and paying fixed rate payments (Note 15(3)). The fair value of the interest rate swap is based on discounting estimate of future floating rate and fixed rate cash flows for the remaining term of the interest rate swap. The fair value estimate is subject to a credit risk adjustment that reflects the credit risk of the Company and of the counterparty. The fair value of the interest rate swap are determined using Level 2 inputs. The carrying amounts of cash, short-term investments, trade and other receivables, unbilled revenue, trade and other payables and loan payable approximate their fair values due to the short-term maturities of these items. The carrying amounts of long term debt, lease liabilities and other long-term liabilities approximate their fair value as they are discounted at the current market rate of interest. (b) Financial risk management: (i) Credit risk and economic dependence: Credit risk is the risk of financial loss associated with the counterparty’s inability to fulfill its payment obligations. The Company has no significant credit risk with its counterparties. The carrying amount of financial assets net of impairment, if any, represents the Company’s maximum exposure to credit risk. The Company has assessed the creditworthiness of its trade and other receivables and (ii) Currency risk The Company conducts business in Canada and United States and have subsidiaries operating in the same countries. The Company, and its subsidiaries, do not hold significant asset and liabilities denominated in foreign currencies. As a result, the Company has low currency risk. (iii) Concentration risk and economic dependence: The outstanding accounts receivable balance is relatively concentrated with a few large customers representing majority of the value. See table below showing a few customers who account for over 10 10 10 10 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 18. Financial instruments (continued) Schedule of financial instruments June 30, 2024 Revenue % of Total Revenue Customer A $ 6,550,519 11 % Customer C $ 41,800,175 72 % June 30, 2023 Revenue % of Total Revenue Customer A $ 8,687,175 47 % Customer B $ 5,924,196 32 % June 30, 2024 Account Receivable % of Account Receivable Customer E $ 531,456 48 % June 30, 2023 Account Receivable % of Account Receivable Customer A $ 8,584,998 76 % Customer D $ 1,537,357 14 % (iv) Liquidity risk: Liquidity risk is the risk that the Company will not be able to meet its financial obligations as . The following are the remaining contractual obligations as at June 30, 2024 Schedule of remaining contractual obligations Total Less than one year 1-3 years 3 to 5 years More than 5 years Long-Term Debt Obligations $ 4,827,398 $ 448,229 $ 925,426 $ 967,058 $ 2,486,685 Operating Lease Obligations 1,525,052 218,013 350,493 207,638 748,908 Loan payable 1,309,844 1,309,844 Other Long-term liabilities 431,140 431,140 Purchase Obligations 8,032,674 8,032,674 - - - Accounts Payable and Accrued Liabilities 4,690,261 4,690,261 - - - Total $ 20,816,369 $ 15,130,161 $ 1,275,919 $ 1,174,696 $ 3,235,593 (v) Interest rate risk: Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company’s long-term loan, obtained from acquisition of OFIT GM and OFIT RT, have a fixed rate which is achieved by entering into interest rate swap agreement. The Company held the Geddes Loan which is subject to interest rate risk due to variable rate charged (Note 13). A change of 100 basis points in interest rates would have increased or decreased interest amount (added to the loan principal balance) of $ 13,100

Share Capital

Share Capital	12 Months Ended
	Jun. 30, 2024
Disclosure of classes of share capital [abstract]
Share Capital	19. Share Capital (a) Authorized Unlimited number of common shares with no par value. (b) Issued and outstanding share capital On June 30, 2024, the Company had 27,191,075 26,800,000 During the year ended June 30, 2024, the Company issued the following shares: i. On September 20, 2023, 55,000 0.75 ii. In September 2023, the Company sold a total of 2,200 10 22,000 iii. The Company has entered into the OFIT SPAs dated October 23, 2023 to acquire control of OFIT GM and OFIT RT for consideration of 278,875 iv. On April 15, 2024, 55,000 0.75 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 19. Share Capital (continued) During the year ended June 30, 2023, the Company issued the following shares: i. On October 17, 2022, the Company completed a share split on a 1:160 basis. The total number of outstanding common shares after the split became 16,000,000 Earnings per Share ii. On March 1, 2023, the Company closed its initial ‎public offering (the “IPO”) of common shares of the Company (“Common ‎Shares”) raising aggregate gross proceeds of $ 6,037,500 8,050,000 0.75 362,250 63,448 483,000 0.75 242,575 iii. On March 1, 2023, upon the closing of the Offering, the proceeds of the Convertible Loan converted into 2,500,000 2,500,000 2,500,000 iv. On November 4, 2022, the Company granted 500,000 0.75 Pursuant to the agreement, each unit is exercisable into one common share of the Company for a period of 60 days from the vesting date. 50% of the units, or 250,000 units, are vested on the date of closing of the Company’s IPO, which was March 1, 2023, and the remaining 50% vests on the date that is 5-month after the date of closing of the IPO (on August 2, 2023). 250,000 250,000 v. On March 13, 2023, 15,000 2.73 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 19. Share Capital (continued) (c) Warrants Schedule of Warrants # of warrants Balance, July 1, 2022 - Granted 7,983,000 Balance, June 30, 2023 7,983,000 Exercised (110,000 ) Balance, June 30, 2024 7,873,000 Date granted Expiry Exercise price (CAD) Balance outstanding and 03-Oct-2022 10-Jun-2027 $ 0.10 2,500,000 01-Mar-2023 01-Mar-2026 $ 0.75 373,000 01-Mar-2023 01-Mar-2028 $ 0.50 5,000,000 7,873,000 Weighted average exercise price $ 0.38 Weighted average remaining contractual life 3.35 On October 3, 2022, the Company granted an aggregated of 2,500,000 0.10 ● Risk free rate: 3.59 ● Expected life: 4.69 ● Expected volatility: 126 ● Expected dividend yield: 0 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 19. Share Capital (continued) The share based compensation expense recognized during the year ended June 30, 2024 was $ nil 1,792,594 On March 1, 2023, the Company granted an aggregate of 483,000 0.75 ● Risk free rate: 3.85 ● Expected life: 3 ● Expected volatility: 111 ● Expected dividend yield: 0 The brokerage warrants vested upon IPO and was considered as a cost to IPO issuance. Thus the costs were recorded as a reduction to share capital during the year ended June 30, 2023. The share based compensation costs recorded during he year ended June 30, 2024 was $ nil 248,069 On March 1, 2023, the Company granted an aggregate of 5,000,000 0.50 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 19. Share Capital (continued) (d) Stock Options The Board of Directors has adopted the Share Compensation Plan on November 4, 2022. Under this plan, the aggregate number of common shares that may be reserved and available for grant and issuance pursuant to the exercise of options and settlement of RSUs, each under the Share Compensation Plan, shall not exceed 20% (in the aggregate) of the issued and outstanding Common Shares at the time of granting. The exercise price per common share for an option and RSU granted shall not be less than the market price. Every option and RSU shall have a term not exceeding and shall expire no later than 5 years after the date of grant. Details of the stock option outstanding as at June 30, 2024 and 2023 are as follows: Schedule of Stock Option Outstanding # of stock options Balance, July 1, 2022 - Granted 2,774,000 Forfeited (15,000 ) Balance, June 30, 2023 2,759,000 Granted 82,500 Forfeited (82,500 ) Balance, June 30, 2024 2,759,000 Date granted Expiry Exercise price (CAD) Outstanding number of options at June 30, 2024 Exercisable number 04-Nov-2022 04-Nov-2027 $ 0.75 2,759,000 1,379,500 On November 4, 2022, the Company granted an aggregate of 2,774,000 0.75 ● Risk free rate: 3.80 ● Expected life: 5 ● Expected volatility: 124 ● Expected dividend yield: 0 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 19. Share Capital (continued) During the year ended June 30, 2024, compensation expense related to stock options was $ 795,313 809,628 On December 4, 2023, the Company granted an aggregate of 82,500 6.6 ● Risk free rate: 3.54 ● Expected life: 5 ● Expected volatility: 133 ● Expected dividend yield: 0 The options were granted and cancelled during the year ended June 30, 2024, thus no expenses recorded. (e) Restricted Stock Units Summary of Restricted Stock Units # of RSUs Balance, July 1, 2022 - Granted 515,000 Exercised (250,000 ) Balance, June 30, 2023 and 2024 265,000 Balance 265,000 Date granted Vesting Date Numbers outstanding and 4-Nov-2022 02-Aug-2023 250,000 13-Mar-2023 12-Mar-2024 7,500 13-Mar-2023 12-Mar-2025 7,500 265,000 On November 4, 2022, the Company granted an aggregate of 500,000 0.75 The share-based compensation expense recognized during the year ended June 30, 2024 was $ 41,506 333,494 On March 13, 2023, the Company granted an aggregate of 15,000 2.73 The share-based compensation expense recognized during the year ended June 30, 2024 was $ 23,560 9,172 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars)

Non-Controlling Interest

Non-Controlling Interest	12 Months Ended
	Jun. 30, 2024
Non-controlling Interest
Non-Controlling Interest	20. Non-Controlling Interest The following items affects non-controlling interest (“NCIs”) for the year ended June 30, 2024: Solar Alliance DevCo LLC On June 20, 2023, the Company (through ASP) acquired a 67 33 7,023 Nil OFIT GM and OFIT RT On November 1, 2023, the Company acquired 49.9 80,171 30,259 Summary of non-controlling interest allocated June 30, 2024 June 30, 2023 2467264 Ontario Inc. 49.9 % 49.9 % Solar Alliance DevCo LLC - 67 % OFIT GM Inc. 49.9 % - OFIT R Inc. 49.9 % - % ownership held by NCI 49.9 % - Summarized financial information for the Company’s subsidiaries that have non-controlling interests is set out below. The amounts are before intercompany eliminations. Summary of Financial Information for the Subsidiaries of Non-controlling Interests 2467264 Ontario Inc. Solar Alliance DevCo LLC OFIT GM Inc. OFIT RT Inc. Total June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Current assets 2,343 6,874,801 - 588,992 560,757 - 159,990 - 723,090 7,463,793 Non-current assets - - - 1,878,938 4,237,485 - 1,767,508 - 6,004,993 1,878,938 Total assets 2,343 6,874,801 - 2,467,930 4,798,242 - 1,927,498 - 6,728,083 9,342,731 Current liabilities 927,790 1,617,782 - 25,851 770,469 - 98,215 - 1,796,474 1,643,633 Non-current liabilities - - - - 4,039,128 - 1,569,411 - 5,608,539 - Total liabilities 927,790 1,617,782 - 25,851 4,809,597 - 1,667,626 - 7,405,013 1,643,633 Non-controlling interest (44,717 ) (44,717 ) - 283,122 1,766,009 - 639,641 - 2,360,933 238,405 Revenue - - 30,965 - 366,429 - 142,665 - 540,059 - Profit (loss) for the year attributable to the owners of the parent 156,173 5,376,027 36,366 - (79,851 ) - (30,138 ) - 82,550 5,376,027 Profit (loss) for the year attributable to NCIs - - 7,023 - (80,171 ) - (30,259 ) - (103,407 ) - Profit (loss) 156,173 5,376,027 43,389 - (160,022 ) - (60,397 ) - (20,857 ) 5,376,027 Other comprehensive income for the year: Attributable to the owners of the parent - - 9,327 - - - - - 9,327 - Attributable to NCIs - - 8,172 - - - - - 8,172 - Other comprehensive income - - 17,499 - - - - - 17,499 - Total comprehensive income for the year attributable to the owners of the parent 156,173 5,376,027 45,693 - (79,851 ) - (30,138 ) - 91,877 5,376,027 Total comprehensive income for the year attributable to NCIs - - 15,195 - (80,171 ) - (30,259 ) - (95,235 ) - Total comprehensive income 156,173 5,376,027 60,888 - (160,022 ) - (60,397 ) - (3,358 ) 5,376,027 Net cash from operating activities 1,855 488 - - 434,447 - 25,059 - 461,361 488 Net cash from investing activities - - - - 242,885 - 200,780 - 443,665 - Net cash used in financing activities - - - - (289,174 ) - (105,955 ) - (395,129 ) -

Investment

Investment	12 Months Ended
	Jun. 30, 2024
Disclosure of detailed information about investment property [abstract]
Investment	21. Investment Schedule of Investment Investment in SFF ($) Balance, July 1, 2022 - Purchased 722,515 Fair value change - Balance, June 30, 2023 722,515 Purchased 2,465,000 acquired through debt settlement 3,089,299 Fair value change (1,124,791 ) Balance, June 30, 2024 5,152,023 On June 1, 2023, the Company acquired 200 4,200 31,230 718,290 42,500 2,465,000 During the year ended June 30, 2024, the group of Solar Flow-Through Limited Partnerships completed a reorganization into a corporate entity named Solar Flow-Through Funds Ltd. (“SFF”). As a result, 73,930 702,820 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 21. Investment (continued) On March 20, 2024, the Company entered into a definitive agreement with SFF to acquire all of the issued and outstanding common shares in an all-stock deal (Note 26). The transaction had not closed as at June 30, 2024. On March 27, 2024 (the “Settlement Date”), the Company received $ 1,750,143 1,052,599 6,486,838 As at June 30,2024, the Company holds a 16 The fair value of the SFF share was valuated at $ 2.93 Due to the nature and current operational status of SFF, the Sum-of-the-Parts method was deemed the most appropriate method to estimate the fair market value of SFF. SFF has three business segments: the Solar Asset Portfolio, BESS Portfolio and EV Charging Portfolio. For each of the segment, discounted cash flow valuation method has been applied. Revenue projections for each segment were primarily derived from secured contract rates (the “contracted revenue”), alongside estimates provided by third-party professionals for merchant and arbitrage revenues. The contracted revenue represents approximately 90% of total revenue. A sensitivity analysis indicates that if only contracted revenue is realized, the overall SFF investment value as of June 30, 2024 would decline by approximately $ 0.9 Operating expenses were estimated using historical performance data from each segment, supplemented by third-party estimates and vendor quotes. A sensitivity analysis shows that a 5% change in operating expenses would lead to approximately $ 0.1 For the BESS portfolio, capital expenditures were required and estimated based on existing contracts, vendor quotes, and third-party estimates, with projected capital costs of $ 14 0.3 The Weighted Average Cost of Capital (WACC) was estimated to be between 5.75 6.25 0.25 0.1

Related Party Balances and Tran

Related Party Balances and Transactions	12 Months Ended
	Jun. 30, 2024
Disclosure of transactions between related parties [abstract]
Related Party Balances and Transactions	22. Related Party Balances and Transactions As at June 30, 2024, included in trade and other payable was $ 124,125 63,754 Key management compensation Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. The Company has determined that key management personnel consists of members of the Company’s Board of Directors and corporate officers, including the Company’s Chief Executive Officer, Chief Financial Officer, Chief Operating Officer and Chief Administrative Officer. The remuneration of directors and other members of key management personnel, for the year ended June 30, 2024 and 2023 were as follows: Summary of Remuneration of Directors and Other Members of Key Management Personnel 2024 2023 Short-term employee benefits $ 1,515,993 $ 1,533,393 Share-based compensation 486,571 560,538 Advisory warrants - 448,156 Short-term employee benefits include consulting fees and salaries made to key management. Transactions with related parties, are described above, were for services rendered to the Company in the normal course of operations, and were measured based on the consideration established and agreed to by the related parties. Related party transactions are made without stated terms of repayment or interest. The balances with related parties are unsecured and due on demand. The Company acquired control of OFIT GM and OFIT RT on November 1, 2023 (Note 17). Dr. Richard Lu, the President & Chief Executive Officer and a director of the Company is indirectly a shareholder of the OFIT Purchased Entities and indirectly received one-third of the OFIT Consideration Shares. As a result, the OFIT Transaction is considered a related party transaction.

Goodwill and long-lived assets

Goodwill and long-lived assets Impairment	12 Months Ended
	Jun. 30, 2024
Goodwill And Long-lived Assets Impairment
Goodwill and long-lived assets Impairment	23. Goodwill and long-lived assets Impairment As at June 30, 2024, the Company performed the impairment assessment and the recoverable amounts and related carrying values of OFIT GM and OFIT RT CGU were as follows: Schedule of Goodwill and Long-lived Assets PPE included in CGU Intangible assets included in CGU Goodwill included in CGU Total Recoverable amount Impairment amount OFIT GM CGU $ 2,064,302 1,422,830 3,522,172 7,009,304 3,776,335 (3,232,969 ) OFIT RT CGU $ 891,512 578,619 1,016,855 2,486,985 1,619,684 (867,301 ) $ (4,100,270 ) The recoverable amounts of the OFIT GM CGU and OFIT RT CGU were determined based on projected discounted cash flows to 2051 (the life of the IPP facilities) discounted at a post-tax discount rate of 6 Key assumptions used by management in setting the financial projections are as follows: - Revenue decreases by 0.55% per year until October 2036. This reflects fixed electricity rate per FIT contract where production is decreased by 0.55% per year due to degradation of the equipment. - Subsequent to the expiration of FIT contract (after October 2036), revenue increases by 3.13% per year to reflect increase in electricity rate due to various factors such as inflation, historical trends, demand & supply, etc. - Operating expenses increase by 2% per year due to inflation. - The equipment has an estimated useful life of 34 years, therefore the cash flow projection ends in 2051 The CGU’s recoverable amount estimate is sensitive to the discount rate due to uncertainties in the forecast. A 1% increase in the discount rate would result in an additional impairment loss of $ 325,000 135,600 Management is not aware of any other reasonable change in key assumptions that would significantly vary the recoverable amount for the valuation. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars)

Capital Management

Capital Management	12 Months Ended
	Jun. 30, 2024
Disclosure of objectives, policies and processes for managing capital [abstract]
Capital Management	24. Capital Management The Company’s objectives in managing liquidity and capital are to safeguard the Company’s ability to continue as a going concern and to provide financial capacity to meet its strategic objectives. The capital structure of the Company consists of the following: Schedule of Capital Structure June 30, 2024 June 30, 2023 Long-term debt -non-current portion (Note 15) $ 4,379,169 759,259 Shareholders’ Equity $ 18,724,301 16,631,196 The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the strategies employed by the Company may include the issuance or repayment of debt, dividend payments, issuance of equity, or sale of assets. The Company has determined it will have sufficient funds to meet its current operating and development obligations for at least 12 months from the reporting date.

Segment Information

Segment Information	12 Months Ended
	Jun. 30, 2024
Segment Information	25. Segment Information Segmented information is reviewed by the Company’s chief decision maker to assess performance and allocate resources within the Company. The Company has one operating segment, principally being development and operation of solar photovoltaic power generation projects. a) Geographic Information The Company is currently operating development and construction of solar photovoltaic power generation projects in two principal geographical areas - Canada and United States. The revenues from external customers and non-current assets exclusive of financial instruments (i.e. investment in SFF and the derivative asset) by country for the years ended June 30, 2024 and 2023 are as follows: Schedule of Geographical Area Revenue from external customers Non-current assets 2024 2023 2024 2023 Canada $ 9,957,573 1,618,765 $ 6,528,325 879,941 United States 48,419,560 16,778,744 9,762,674 2,043,697 $ 58,377,133 18,397,509 $ 16,290,999 2,923,638 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars)

Income Tax

Income Tax	12 Months Ended
	Jun. 30, 2024
Major components of tax expense (income) [abstract]
Income Tax	26. Income Tax The Company is subject to income taxes in Canada, while the subsidiaries in United States are subject to the income tax laws of United States. The actual income tax provision differs from the expected amount calculated by applying the Canadian combined federal and provincial corporate tax rates to income before tax. These differences result from the following: Schedule of Reconciliation of Income Taxes 2024 2023 Income (loss) before tax $ (630,984) $ 3,193,160 Statutory tax rate 26.5 % 26.5 % Expected income tax benefit (expense) (167,211 ) 672,497 Permanent differences 175,184 - Employee stock compensation 228,000 - Share issuance costs - 90,248 Goodwill impairment loss 1,086,572 - Adjustment to prior years provision versus statutory tax return tax returns 723,780 (153,137 ) Changes in statutory, foreign tax, foreign exchange rates and other (29,344 ) 367,410 Change in unrecognized temporary differences 929,179 (25,844 ) Total income tax expense (recovery) 2,946,160 951,174 Current tax expense 2,961,662 951,174 Deferred tax expense (recovery) (15,502 ) - Total income tax expense $ 2,946,160 951,174 The components of the net deferred tax liability are as follows: Schedule of Deferred Tax Liability 2024 2023 Intangible assets (530,384 ) - Derivative assets (40,542 ) - Share issuance costs - 90,248 Loss carry forward 59,520 - FV measured loans (86,927 ) - Property and equipment (475,502 ) 192,136 Total (1,073,835 ) 282,384 Deferred tax assets not recognized - (282,384 ) Net deferred tax liabilities (1,073,835 ) - Deferred tax liabilities resulted from acquisition of OFIT GM&RT (1,089,337 ) - Deferred tax recovery 15,502 - Net deferred tax liabilities $ (1,073,835 ) - Current year unrecognized deductible temporary differences are attributable to the following: Schedule of Unrecognized Deductible Temporary Differences 2024 Financing costs 816,676 Lease liabilities 39,290 Investment in SFF shares 1,233,168 Loss carryforwards 6,651,305 Net deferred tax assets 8,740,439 As of June 30, 2024, the Company has non-capital losses of approximately $ 6,651,305 5,311,276 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars)

Acquisition of Solar Flow-Throu

Acquisition of Solar Flow-Through Funds Ltd.	12 Months Ended
	Jun. 30, 2024
Disclosure of detailed information about business combination [abstract]
Acquisition of Solar Flow-Through Funds Ltd.	27. Acquisition of Solar Flow-Through Funds Ltd. On March 20, 2024, the Company entered into a definitive agreement with SFF to acquire all of the issued and outstanding common shares of SFF through a plan of arrangement for an aggregate consideration of up to $ 41.8 Under the terms of the SFF Transaction, the Company has agreed to issue up to 5,859,567 41.8 4.50 7.14 The consideration for the SFF Transaction consists of an upfront payment of approximately 3,575,638 2,283,929 (i) $16.31 million and (ii) the final valuation of the BESS portfolio determined by Evans & Evans, Inc. plus the sale proceeds of any portion of the BESS portfolio that may be sold, in either case divided by the Agreement Date VWAP. The maximum number of additional shares issued for the CVRs will be 2,283,929 SolarBank Shares The acquisition of Solar Flow-through Funds Ltd closed on July 8, 2024. Purchase price allocation calculations are in process and provisional balances will be expected to disclose in Q1 fiscal year 2025. The acquisition of SFF continues the Company’s strategy of creating value of all stakeholders by growing its portfolio of cash generating independent power producer assets. The Company will also expend into ownership of battery energy storage projects and electric vehicle charging stations, both are key components of net zero energy transition.

Earnings per share

Earnings per share	12 Months Ended
	Jun. 30, 2024
Notes and other explanatory information [abstract]
Earnings per share	28. Earnings per share The calculation of earnings per share for the year ended June 30, 2024 and 2023 are as follows: Schedule of Earnings Per Share June 30, 2024 June 30, 2023 Net income/(loss) (3,577,144 ) 2,241,986 Basic weighted average number of shares outstanding 27,040,189 19,575,479 Dilution of securities - 17,657,711 Diluted weighted average number of shares outstanding 27,040,189 37,233,190 Earnings per share Basic (0.13 ) 0.11 Diluted (0.13 ) 0.06

Significant accounting polici_2

Significant accounting policies (Policies)	12 Months Ended
	Jun. 30, 2024
Significant Accounting Policies
Revenue recognition	(a) Revenue recognition The Company recognizes revenue for project development services, engineering, procurement, and construction (“EPC”) services, operation and maintenance (“OM”) services,independent power producer (“IPP”) facilities, and other services. The Company applies the five-step model to contracts when it is probable that the Company will collect the consideration that it is entitled to in exchange for the services transferred to the customer. At contract inception, the Company assesses services promised within each contract that falls under the scope of IFRS 15, to identify distinct performance obligations. Project development services Each project development service contract with customers includes a single performance obligation: to deliver a fully permitted solar project that is ready for construction. The performance obligation is satisfied at a point in time, specifically when the development phase is considered complete, and all necessary permits are obtained. Revenue from development contracts is recognized when control of the fully permitted project is transferred to the customer, which occurs when the project is ready for construction. This reflects the point in time when the customer has the ability to direct the use of, and obtain substantially all the remaining benefits from, the solar project. OM services Each OM service contract with customers contains a single performance obligation, which is to provide maintenance services as needed for the solar sites. The performance obligation is satisfied over time, as the services are provided, and the customer receives and benefits from the services in real time. Revenue is recognized monthly, in line with the completion of the services. The amount of revenue recognized is based on the actual hours of service provided during the period, multiplied by the pre-determined hourly rate specified in the contract. This method reflects the continuous transfer of services and the customer’s immediate benefit from maintenance activities performed. EPC services Each EPC contract has a single performance obligation because the services provided are highly interrelated and include a significant service of integrating goods and services into a combined output — namely, the construction of solar sites. The performance obligation is satisfied over time, as the customer simultaneously receives and benefits from the services as they are provided. Revenue is recognized using the input method, based on the proportion of costs incurred to date relative to the total estimated costs of the project. This method best reflects the transfer of control of the services and the customer’s continuous receipt of benefits as the project progresses. The total estimated costs are regularly reviewed, and any changes are reflected in the percentage of completion and revenue recognized. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) IPP production Each Company-owned independent power producer (“IPP”) facility has a single performance obligation, which is to generate and deliver electricity to the grid. The performance obligation is satisfied over time, as the customer simultaneously receives and consumes the benefits of electricity as it is delivered. Revenue is recognized as electricity is dispatched and delivered to the grid, measured based on the quantity of electricity (kWh) provided. Other services Each other services contract with customers includes a single performance obligation: to complete the specified service or milestone outlined in the contract. The performance obligation is satisfied at a point in time, specifically when the service is fully performed or the milestone is achieved. Revenue is recognized at the point when control of the completed service or milestone passes to the customer, which occurs when the service is fully completed or the milestone is satisfied, in accordance with the terms of the contract.
Inventory	(b) Inventory Inventory is stated at the lower of cost and net realizable value. Cost includes acquisition costs, direct development costs, borrowing costs, property taxes and other overheads incurred for the development of prospective solar projects. Net realizable value is the estimated selling price in the ordinary course of the business at the balance sheet date, less costs to complete and estimated selling costs. The Company’s inventory mainly consists of costs incurred on solar projects. Once a project is determined to be cancelled, the net realizable value of the related inventory items becomes zero and the costs are expensed.
Unbilled revenue and unearned revenue	(c) Unbilled revenue and unearned revenue Unbilled revenue and unearned revenue are a result of timing difference between when revenue is recognized and when billing is issued/collected. EPC services recognize revenue based on percentage of completion. Invoicing to customers typically follows milestones or predetermined schedules, which may not reflect the percentage of completion exactly. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued)
Foreign currency translation	(d) Foreign currency translation The functional currency of the Company is the Canadian Dollar. Functional currencies of the Company’s subsidiaries are the currency of the primary economic environment in which the subsidiary operates. Monetary assets and liabilities denominated in foreign currencies are translated to the appropriate functional currency at foreign exchange rates as at the balance sheet date. Foreign exchange differences arising on translation are recognized in the statement of income and loss. Non-monetary assets that are measured in a foreign currency at historical cost are translated using the exchange rate at the date of the transaction. In preparing the Company’s consolidated financial statements, the financial statements of each entity are translated into Canadian dollars. The assets and liabilities of foreign operations are translated into Canadian dollars at exchange rates prevailing at the balance sheet date. Revenues and expenses are translated at average exchange rates for the year. Foreign exchange differences are recognized in other comprehensive income.
Short-term investments	(e) Short-term investments Short-term investments consist of investments with market values closely approximating book values and original maturities between three and twelve months at the time of purchase. As at June 30, 2024, the Company has two GICs in short-term investment totalling $ 920,000 4.25 4.95 6,550,000 4.7 4.95
Business Combination	(f) Business Combination The Company applies the acquisition method in accounting for business combinations. The consideration transferred by the Company to obtain control of a subsidiary is calculated as the sum of the acquisition-date fair values of assets transferred, liabilities incurred and the equity interests issued by the Company, which includes the fair value of any asset or liability arising from a contingent consideration arrangement. Acquisition costs are expensed as incurred. If the Company acquires a controlling interest in a business in which it previously held an equity interest, that equity interest is remeasured to fair value at the acquisition date with any resulting gain or loss recognised in profit or loss or other comprehensive income, as appropriate. Consideration transferred as part of a business combination may include the amounts related to the settlement of pre-existing relationships. The gain or loss on the settlement of any pre-existing relationship is recognised in profit or loss.
Financial instruments	(g) Financial instruments The Company recognizes a financial asset or a financial liability in its consolidated statement of financial position when it becomes party to the contractual provisions of the instrument. At initial recognition, the Company measures a financial asset or a financial liability at its fair value plus or minus, in the case of a financial asset or a financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or the financial liability. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued)
Financial assets	(i) Financial assets The Company will classify financial assets as subsequently measured at amortized cost, fair value through other comprehensive income, or fair value through profit or loss based on its business model for managing the financial asset and the financial asset’s contractual cash flow characteristics. The three categories are defined as follows: A. Financial assets at amortized cost: A financial asset is measured at amortized cost if both of the following conditions are met: ● the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows; and ● the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Company’s cash, trade and other receivables, unbilled revenue, and short-term investments are measured at amortized cost. B. Financial assets at fair value through other comprehensive income: Financial assets are classified and measured at fair value through other comprehensive loss if they are held in a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. The Company does not have any financial assets classified as fair value through other comprehensive loss. C. Financial assets at fair value through profit or loss: Any financial assets that are not held in one of the two business models mentioned are measured at fair value through profit or loss. The Company’s derivative asset and investment are classified as fair value through profit or loss.
Financial liabilities	(ii) Financial liabilities The Company’s financial liabilities include trade and other payables, loan payable, long-term debt, lease liability, other long-term liabilities and tax equity. The Company classifies its financial liabilities into one of two categories, depending on the purpose for which the asset was acquired. The Company’s accounting policy for each category is as follows: A. Financial liabilities at fair value through profit or loss: Financial liabilities are classified at fair value through profit or loss if they are held for trading or are derivative liabilities. The Company does not have financial liabilities classified as fair value through profit or loss. B. Financial liabilities at amortized cost: Financial liabilities classified at amortized cost are those that are not classified as financial liabilities at fair value through profit or loss. Subsequent to initial recognition, they are carried at amortized cost using the effective interest method. The Company’s trade and other payables, loan payable, lease liabilities, long-term debt and tax equity liabilities are classified at amortized cost. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued)
Expected credit losses	(h) Expected credit losses In accordance with IFRS 9, loss allowances for expected credit losses (“ECLs”) on financial assets measured at amortized cost or at FVOCI are recognized. ECLs are updated at each reporting date on the basis of available information. The Company applies the simplified approach described in IFRS 9 to trade receivables, whereby the amount of the impairment allowance of a receivable is measured subsequent to initial recognition on the basis of lifetime expected credit losses.
Tax equity structures	(i) Tax equity structures The Company owns and operates solar facilities in the US under subsidiaries that are set up as tax equity structures to finance the construction and operation of solar facilities. These structures are designed to allocate the majority of renewable tax incentives, such as investment tax credits (“ITCs”) and accelerated depreciation for tax purposes, to tax equity investors (“TEIs”). With its current portfolio of solar facilities, the Company cannot fully monetize such tax incentives and it therefore partners with third party TEIs. Generally, tax equity structures allocate the majority of the project’s US taxable income and renewable tax incentives, along with a portion of the project’s cash flows, to the TEIs until they receive an agreed-upon after-tax investment return (the “flip point”). The flip points are generally dependent on the projects’ respective returns but also may be contractually determined. At all times, both before and after the projects’ flip points, the Company retains control over the projects finance with a tax equity structure in partnership with third party TEIs. Subsequent to the flip point, the Company receives the majority of the projects’ taxable income, cash flows and remaining tax incentives. When a tax equity partnership is formed, the Company assesses whether the project company should be consolidated based on the Company’s right to variable returns and its ability to influence financial and operational decisions impacting those returns. Due to the operational and financial nature of the projects, and the protective nature of the rights normally given to tax equity investors, the Company typically has the control and influence to consolidate the entity. Amounts paid by the TEIs for their equity stakes are classified as debt on the consolidated statements of financial position and are measured at amortized cost using the EIR method. The Company has the option to settle with the TEI after the flip date at a defined price and in certain contracts the TEI can put their investment back to the Company after the flip date at the same defined price. These options are generally time bound. The Company recognizes the TEI contributions as a long-term liability, at an amount representing the proceeds received from the TEI in exchange for shares of the subsidiary, net of the following elements affecting amortized cost of the tax equity: ● ITC: ● Taxable income (loss), including tax attributes such as accelerated tax depreciation: ● Cash distributions: Tax equity balances are increased by interest recognized at the implicit interest rate. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued)
Basic and diluted net income (loss) per share	(j) Basic and diluted net income (loss) per share Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.
Impairment of non-financial assets	(k) Impairment of non-financial assets At each reporting date, the Company reviews the carrying amounts of its non-financial assets including property, plant and equipment (other than deferred tax assets) to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. For impairment testing, assets are grouped together into cash-generating units (“CGUs”) which are the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs of disposal. Value in use is based on the estimated future cash flows, discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. Impairment losses are recognized in profit or loss. The Company evaluates impairment losses, except goodwill, for potential reversals when events or circumstances warrant such consideration. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.
Income taxes	(l) Income taxes Income tax represents current tax and deferred tax. The Company and its subsidiaries record current tax based on the taxable income for the period calculated using tax rates that have been enacted or substantively enacted by the reporting date. Deferred income taxes are accounted for using the liability method. The asset-liability method requires that income taxes reflect the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities and their tax bases. Deferred income tax assets and liabilities are determined for each temporary difference based on enacted or substantially enacted tax rates that are expected to be in effect when the underlying items are expected to be realized. The effect of a change in tax rates or tax legislation is recognized in the period of substantive enactment. Deferred tax assets, such as non-capital loss carry forwards, are recognized to the extent it is probable that taxable income will be available against which the asset can be utilized. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued)
Property, plant and equipment	(m) Property, plant and equipment Property, plant and equipment are initially recorded at cost, including all directly attributable costs to bring the assets to the location and condition necessary for it to be capable of operating in the manner intended by management. Property, plant and equipment are subsequently measured at cost less accumulated depreciation and impairment losses. Depreciation is computed on a declining balance basis based on the nature and useful lives of the assets. The significant classes of plant and equipment and their estimated useful lives are as follows: Schedule of plant and equipment estimated useful lives Computer equipment 55 % Furniture and equipment 20 % IPP facility 20 25 Subsequent costs that meet the asset recognition criteria are capitalized, while costs incurred that do not extend the economic useful life of an asset are considered repairs and maintenance, which are accounted for as an expense recognized during the year.
Development asset	(n) Development asset Development assets consist of design, development, engineering, interconnection, permitting, and acquisition costs associated with new solar facilities. These costs are capitalized within project development costs until construction begins, at which time they are transferred to property, plant and equipment. The Company capitalizes these costs when it believes the facilities will more likely than not be constructed.
Share based payment transactions	(o) Share based payment transactions The Company makes share-based awards, including restricted share units (“RSUs”) and stock options to employees, officers, directors, and consultants. For equity-settled awards, the fair value is charged to the consolidated statements of income and credited to equity, on a straight-line basis over the vesting period, after adjusting for the estimated number of awards that are expected to vest. The fair value of RSUs is determined based on quoted market price of our common shares at the date of grant. The fair value of the stock options granted to employees, officers, and directors is determined at the date of grant using the Black-Scholes option pricing model with market related input. The fair value of stock options granted to consultants is measured at the fair value of the services delivered unless that fair value cannot be estimated reliably, which then is determined using the Black-Scholes option pricing model. Stock options with graded vesting schedules are accounted for as separate grants with different vesting periods and fair values. At each reporting date prior to vesting, the cumulative expense representing the extent to which the vesting period has expired and management’s best estimate of the awards that are ultimately expected to vest is computed (after adjusting for non-market performance conditions). The movement in cumulative expense is recognized in the consolidated statements of income with a corresponding entry within equity. No expense is recognized for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition, which are treated as vested irrespective of whether or not the market condition is satisfied, provided that all other performance conditions are satisfied. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued)
Leases	(p) Leases The Company assesses whether a contract is or contains a lease at the inception of the contract. A lease is recognized as a right-of-use (“ROU”) asset and corresponding lease liability at the commencement date. Each lease payment included in the lease liability is apportioned between the repayment of the liability and an interest expense in profit or loss. Lease liabilities represent the net present value of fixed lease payments (including in-substance fixed payments); variable lease payments based on an index, rate, or subject to a fair market value renewal condition; amounts expected to be payable by the lessee under residual value guarantees, the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and payments of penalties for terminating the lease, if it is probable that the lessee will exercise that option. A lease modification is accounted for as a separate lease from the original lease if the modification increases the scope of the lease by adding the right to use one or more underlying assets; and the consideration for the lease increase by an amount commensurate with the stand-alone price for the increase in scope and any appropriate adjustments to that stand-alone price to reflect the circumstances of the particular contract. If the lease modification merely extends the Company’s right to use an existing leased asset to which it already has access, the modification is not accounted for as a separate lease. Instead, the Company recalculates the existing lease obligations on the effective date of the lease modification to include the lease payments until the end of the extended period and a corresponding adjustment is also made to the RoU asset. The additional RoU asset and lease obligations relating to the extended period are therefore recognized on the date of modification.
Government grant	(q) Government grant The government grant is recognized when there is reasonable assurance that the Company will comply with any conditions attached to the grant, and the grant will be received. The government grant is recognized in profit or loss to offset the related expenses on a systematic basis over the periods in which the Company recognizes expenses for the related costs for which the grants are intended to compensate, which in the case of grants related to assets requires setting up the grant as deferred income or deducting it from the carrying amount of the asset.
Intangible assets	(r) Intangible assets Intangible assets are recognize at fair value at the acquisition date in a business combination. The acquired OFIT GM and OFIT RT entities held Feed-In Tariff (“FIT”) contracts, which are separable and arises from contractual rights, and sufficient information exists to measure reliably the fair value of the contracts. The terms of the FIT contracts expire in October 2036. The value of the FIT contracts are amortized on a straight-line basis until October 2036.
Goodwill	(s) Goodwill Goodwill represents the excess of the purchase price of the acquired businesses over the estimated fair value of the tangible and intangible net assets at the date acquired, and is allocated to the CGU expected to benefit from the acquisition. A CGU is the smallest group of assets for which there are separately identifiable cash flows. Goodwill is not amortized but is assessed for impairment at least annually and whenever events or circumstances indicate that its carrying value may not be fully recoverable. The impairment test requires comparing the carrying values for the Company’s CGUs, including goodwill, to their recoverable amounts. The Company determines the recoverable amounts using estimated future cash flows discounted at an after-tax rate that reflects the risk adjusted weighted average cost of capital. Any excess of the carrying value of a CGU over the recoverable amount is expensed in the period the impairment is identified. An impairment loss recorded for goodwill is not reversed in a subsequent period. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued)
Significant accounting judgments and estimates	(t) Significant accounting judgments and estimates The preparation of financial statements requires management to use accounting estimates and exercise judgment in the process of applying its accounting policies. Actual results may differ from the estimates and assumptions used in preparing these consolidated financial statements. Estimates and judgments are regularly evaluated and are based on management’s experience and other factors, including expectations about future events that are believed to be reasonable under the circumstances. The following discusses the most significant accounting judgments and estimates that the Company has made in the preparation of the consolidated financial statements: (i) Taxes: The Company accounts for differences that arise between the carrying amount of assets and liabilities and their tax bases in accordance with IAS 12, Income Taxes, which requires deferred income tax assets only to be recognized to the extent that it is probable that future taxable profits will be available against which the deferred income tax assets can be utilized. The Company estimates future taxable profits based on the future financial models and projections. Any change to the estimates and assumptions used for the key operational and financial variables could affect the amount of deferred income tax assets recognized by the Company. Provisions for taxes are made using the best estimate of the amount expected to be paid based on a qualitative assessment of all relevant factors. The Company reviews the adequacy of these provisions at the end of the reporting period. (ii) Percentage of completion calculation: The Company measures the stage of completion for EPC projects based on costs incurred to date compared to the total estimated costs for the project. The significant estimates included in the total costs for projects can change may affect revenue, unbilled revenue, and unearned revenue. (iii) Stock-based compensation: The fair value of stock options issued and warrants granted are subject to the limitation of the Black-Scholes option pricing model which incorporates market data, and which involves uncertainty and subjectivity in estimates used by management in the assumptions. The model requires assumptions relating to share price volatility, expected life of options and discount rate. Changes in these assumptions affect the fair value of the options and the amount of stock-based compensation to be recognized in operations over the vesting period. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 3. Significant accounting policies (continued) (iv) Impairment of goodwill and long-lived assets: Determining if there are any facts and circumstances as indicating impairment loss or reversal of impairment losses is a subjective process involving judgement and a number of estimates and assumptions in many cases. In assessing impairment, management assesses the recoverable amount of each asset or CGU based on expected future cashflows and uses an interest rate to discount them. Estimation uncertainty relates to assumptions about future operating results and the determination of a suitable discount rate. (v) Fair value of investment: The determination of fair value of the Company’s investment at other than initial cost is subject to certain limitations. Financial information for private companies in which the Company has investment may not be available and, even if available, that information may be limited and/or unreliable. Management exercises significant judgement when determining the fair value of the equity investment in private companies at the end of each reporting period by using company-specific information and other inputs that are not based on observable market data . (vi) Acquisition valuation method: The Company uses valuation techniques when determining the fair value of certain assets and liabilities acquired in a business combination. In particular, the fair value of each intangible assets is dependent on the outcome of many variables.
Adoption of new accounting standards	(u) Adoption of new accounting standards IAS 1 – Presentation of Financial Statements The IASB issued amendments to IAS 1 “Presentation of Financial Statements” on Classification of Liabilities as Current or Non-Current, which clarifies the guidance on whether a liability should be classified as either current or non-current. The amendments clarify that the classification of liabilities as current or non-current should only be based on rights that are in place “at the end of the reporting period”. Similar to existing requirements in IAS 1, the classification of liabilities is unaffected by management’s intentions or expectations about whether the company will exercise its right to defer settlement or will choose to settle early. The amendments also make clear that settlement includes transfers to the counterpart of cash, equity instruments, other assets or services that result in extinguishment of the liability. The amendments to IAS 1 also specify that covenants to be complied with after the reporting date do not affect the classification of debt as current or non-current at the reporting date. Instead, the amendments require an entity to disclose information about these covenants in the notes to financial statements. This amendment is effective for annual periods beginning on or after May 1, 2023. The adoption of these new amendments did not have a significant impact on the Company’s consolidated financial statements. Definition of Accounting Estimates (Amendments to IAS 8) The IASB has issued amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors which introduce a definition of accounting estimates and provide other clarifications to help entities distinguish accounting policies from accounting estimates. Under the amendments, accounting estimates are defined as “monetary amounts in financial statements that are subject to measurement uncertainty”. The amendments also emphasize that a change in an accounting estimate that results from new information or new developments is not an error correction and that changes in an input or a measurement technique used to develop an accounting estimate are considered changes in accounting estimates if those changes in an input or measurement technique are not the result of an error correction. This amendment is effective for annual periods beginning on or after May 1, 2023. The adoption of this amendment did not have a material impact on the Company’s consolidated financial statements.
Accounting standards issued but not yet effective	(v) Accounting standards issued but not yet effective The new standards or amendments issued but not yet effective are either not applicable or not expected to have a significant impact on the Company’s consolidated financial statements.

Basis of presentation (Tables)

Basis of presentation (Tables)	12 Months Ended
	Jun. 30, 2024
Basis Of Presentation
Schedule of significant subsidiaries	Details of the Company’s significant subsidiaries which are consolidated are as follows: Schedule of significant subsidiaries Country of Incorporation Ownership interest Country of Ownership interest Name Incorporation June 30, 2024 June 30, 2023 Abundant Solar Power Inc. USA 100 % 100 % Abundant Construction Inc. Canada 100 % 100 % Abundant Energy Solutions Ltd. Canada 100 % 100 % 2467264 Ontario Inc. Canada 49.9 % 49.9 % OFIT GM Inc. Canada 49.9 % - OFIT RT Inc. Canada 49.9 % - Solar Alliance Energy DevCo LLC (1) USA 100 % 67 % Solar Alliance TE HoldCo 1, LLC (1) USA 100 % 67 % Solar Alliance VC1 LLC (1) USA 100 % 67 % Abundant Solar Power (US1) LLC (1) USA 100 % 100 % Abundant Solar Power (New York) LLC USA 100 % 100 % Abundant Solar Power (Maryland) LLC USA 100 % 100 % Abundant Solar Power (RP) LLC USA 100 % 100 % SUNN 1011 LLC USA 100 % 100 % SUNN 1012 LLC USA 100 % 100 % Abundant Solar Power (CNY) LLC USA 100 % 100 % SUNN 1016 LLC USA 100 % 100 % Abundant Solar Power (TZ1) LLC USA 100 % 100 % Abundant Solar Power (M1) LLC USA 100 % 100 % Abundant Solar Power (J1) LLC USA 100 % 100 % Abundant Solar Power (Steuben) LLC USA 100 % 100 % ABUNDANT SOLAR POWER (USNY-MARKHAM HOLLOW RD-001) LLC USA 100 % 100 % SUNN 1015 LLC USA 100 % 100 % SUNN 1002 LLC USA 100 % 100 % SUNN 1003 LLC USA 100 % 100 % ABUNDANT SOLAR POWER (USNY-Richmond-002) LLC USA 100 % 100 % ABUNDANT SOLAR POWER (USNY-Richmond-003) LLC USA 100 % 100 % SUNN 1006 LLC USA 100 % 100 % SUNN 1007 LLC USA 100 % 100 % SUNN 1008 LLC USA 100 % 100 % SUNN 1009 LLC USA 100 % 100 % SUNN 1010 LLC USA 100 % 100 % SUNN (203 Fuller Rd) LLC USA 100 % 100 % SUNN 1001 LLC USA 100 % 100 % Abundant Solar Power (USNY-6882 Rice Road-001) LLC USA 100 % 100 % Abundant Solar Power (LCP) LLC USA 100 % 100 % Abundant Solar Power (R1) LLC USA 100 % 100 % SUNN 1005 LLC USA 100 % 100 % SUNN 1013 LLC USA 100 % 100 % SUNN 1014 LLC USA 100 % 100 % ABUNDANT SOLAR POWER (USNY-327 Hardie Rd-001) LLC USA 100 % 100 % Abundant Solar Power (Dutch Hill) LLC USA 100 % 100 % Abundant Solar Power (Dutch Hill 2) LLC USA 100 % 100 % Abundant Solar Power (Dutch Hill 3) LLC USA 100 % 100 % SUNN 1004 LLC USA 100 % 100 %

Significant accounting polici_3

Significant accounting policies (Tables)	12 Months Ended
	Jun. 30, 2024
Significant Accounting Policies
Schedule of plant and equipment estimated useful lives	Schedule of plant and equipment estimated useful lives Computer equipment 55 % Furniture and equipment 20 % IPP facility 20 25

Trade and other receivables (Ta

Trade and other receivables (Tables)	12 Months Ended
	Jun. 30, 2024
Trade And Other Receivables
Schedule of trade and other receivables	Schedule of trade and other receivables June 30, 2024 June 30, 2023 Accounts receivable $ 966,150 $ 1,978,834 Receivable due from SFF (1) - 8,024,195 Other receivable 323,293 321,016 Credit loss allowance (1) (2) (174,226 ) (6,486,838 ) Trade and other receivables $ 1,115,217 $ 3,837,207 (1) In 2017, the Company entered into a sales contract with a group of limited partnerships now known as Solar Flow-Through Funds Ltd. (“SFF”) to provide development services for solar photovoltaic projects. The Company has written off receivables of total $ 6,486,838 During the year ended June 30, 2024, the previously written down $ 6,486,838 1,750,143 1,052,599 2.93 4,839,438 (2) The Company’s changes in credit loss allowance for the year ended June 30, 2024 and 2023 are as follows: June 30, 2024 June 30, 2023 Credit loss allowance, beginning of the year $ (6,486,838 ) $ (6,486,838 ) Recognition of credit loss (174,226 ) - Recovery of credit loss 4,839,438 - Written-off of credit loss 1,647,400 - Credit loss allowance, end of the year $ (174,226 ) $ (6,486,838 )

Prepaid expenses and deposits (

Prepaid expenses and deposits (Tables)	12 Months Ended
	Jun. 30, 2024
Prepaid Expenses And Deposits
Schedule of Prepaid Expenses and Deposits	Schedule of Prepaid Expenses and Deposits June 30, 2024 June 30, 2023 Interconnection deposits (1) $ 4,291 $ 469,725 Construction in progress deposits (2) 2,543,120 1,623,209 Security deposits 12,352 12,352 Prepaid insurance 128,285 74,373 Prepaid marketing expenses (3) 341,825 782,101 Other prepaids and deposits 96,956 92,918 Prepaid expenses and deposits $ 3,126,829 $ 3,054,678 (1) Interconnection deposits are made to the utility companies for the connection cost of each project that completes a CESIR report (Coordinated Electric System Interconnection Review) with that utility. The utility companies complete their analysis and provide an estimated cost to connect the project to the grid when ready. To hold the place in the utility line and reserve grid capacity for said project, the estimated connection cost must be paid ahead of time which is what comprises the interconnection deposits amount. The Interconnection deposit would become a part of the cost of sales once the projects reach commercial operation. SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 5. Prepaid expenses and deposits (continued) (2) Deposits related prepayments made on the purchase of raw materials required for construction of EPC projects located in New York, USA. (3) The Company hired investor relations and marketing consultant companies to increase the Company’s visibility in the market and to explore over-seas markets. The balance is related to the payment made to these marketing consultant companies.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of detailed information about property, plant and equipment [abstract]
Schedule of Property Plant and Equipment	Schedule of Property Plant and Equipment Computer equipment Furniture and equipment Vehicle IPP facilities (1) Total Cost: Balance, June 30, 2022 $ 59,984 83,706 - - $ 143,690 Additions Additions/dispositions (40,728 ) (33,453 ) - 937,194 863,013 Reclass to tax equity asset Foreign currency impact Depreciation Reversal Balance, June 30, 2023 $ 19,256 50,253 - 937,194 $ 1,006,703 Accumulated amortization: Balance, June 30, 2022 $ 49,973 68,603 - - $ 118,576 Depreciation 4,728 2,655 - - 7,383 Reversal (40,825 ) (28,564 ) - - (69,389 ) Foreign currency impact Balance, June 30, 2023 $ 13,876 42,694 - - $ 56,570 Net Book Value- $ 5,380 7,559 - 937,194 $ 950,133 Computer equipment Furniture and equipment Vehicle IPP facilities Total Cost: Balance, June 30, 2023 $ 19,256 50,253 - 937,194 $ 1,006,703 Additions - 7,300 35,608 3,100,000 3,142,908 Additions/dispositions Reclass to tax equity asset (2) - - - (474,547 ) (474,547 ) Foreign currency impact - - - 15,620 15,620 Balance, June 30, 2024 $ 19,256 57,553 35,608 3,578,267 $ 3,690,684 Accumulated amortization: Balance, June 30, 2023 $ 13,876 42,694 - - $ 56,570 Depreciation (3) 2,316 2,136 4,216 170,140 178,808 Reversal Foreign currency impact - - - 383 383 Balance, June 30, 2024 $ 16,192 44,830 4,216 170,523 $ 235,761 Net Book Value- $ 3,064 12,723 31,392 3,407,744 $ 3,454,923 (1) Addition of IPP facilities for the fiscal year ended June 30, 2024 and 2023 relate to business acquisitions of OFIT GM and OFTI RT (Note 17). The IPP facilities held by OFIT GM and OFIT RT totaling $ 3,100,000 (2) Tax equity asset of $ 474,547 (3) Total depreciation expense of $ 170,140 Nil 8,668 7,383

Unbilled Revenue (Tables)

Unbilled Revenue (Tables)	12 Months Ended
	Jun. 30, 2024
Unearned Revenue
Schedule of Unbilled Revenues	Schedule of Unbilled Revenues 2024 2023 Beginning of the year $ 7,405,866 - Amounts invoices included in the beginning balance (7,405,866 ) - Net increase in unbilled revenue recognized during the year 666,722 7,405,866 Foreign currency Impact 26 - End of the year $ 666,748 7,405,866

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure Of Inventory Abstract
Schedule of Inventory	As of June 30, 2024 and 2023, the Company’s inventory is comprised of development costs for the solar projects. Schedule of Inventory Balance, June 30, 2022 195,920 Additions: development costs 805,214 Minus: recognized as cost of goods sold upon revenue recognition (508,130 ) Minus: costs expensed due to project cancellation (2) (47,664 ) Foreign currency Impact 3,381 Balance, June 30, 2023 $ 448,721 Balance, June 30, 2023 448,721 Additions: development costs (1) 6,903,079 Minus: recognized as cost of goods sold upon revenue recognition (338,118 ) Minus: costs expensed due to project cancellation (2) (496,147 ) Foreign currency Impact 13,115 Balance, June 30, 2024 $ 6,530,650 (1) During the year ended June 30, 2024, the Company entered into a purchase agreement related to a solar project to be constructed on a separate site located at Camilus, New York (the “Camilus Purchase Agreement”, the “Camilus project”). According to the Camilus Purchase Agreement, the purchase price includes a consideration of $2,155,703 (USD $ 1,575,000 The acquisition was closed on March 22, 2024 (the “Closing Date”), and the Company concluded the transaction is an asset acquisition given the Camilus project being in initial development stage with no NTP granted yet. For the year ended June 30, 2024, the Company recorded a total of $ 2,051,440 431,141 1,620,299 366,369 1,253,930 SOLARBANK CORPORATION Notes to Consolidate Financial Statements Years ended June 30, 2024 and 2023 (Expressed in Canadian Dollars) 8. Inventory (continued) (2) Inventory provision for the fiscal year ending June 30: 2024 2023 Balance, opening $ (47,664 ) - Additions: cost expensed due to project cancellation (496,147 ) (48,231 ) Foreign currency Impact (5,004 ) 567 Balance, closing $ (548,815 ) (47,664 )

Development asset (Tables)

Development asset (Tables)	12 Months Ended
	Jun. 30, 2024
Development Asset
Schedule of Development Asset	Development projects are depreciated over the useful lives of the resulting assets once they become operational. The balance in development assets include costs incurred on self-owned projects. Detail of costs as at June 30, 2024 and 2023 are as follows: Schedule of Development Asset Interconnection and permitting Construction material Construction and labour Other Total Balance, June 30, 2022 $ - - - - $ - Additions 1,060,119 - 46,384 - 1,106,503 Balance, June 30, 2023 $ 1,060,119 - 46,384 - $ 1,106,503 Balance, June 30, 2023 $ 1,060,119 - 46,384 - $ 1,106,503 Additions 704,166 3,148,742 3,615,885 334,075 7,802,868 Balance, June 30, 2024 $ 1,764,285 3,148,742 3,662,269 334,075 $ 8,909,371

Trade and other payables (Table

Trade and other payables (Tables)	12 Months Ended
	Jun. 30, 2024
Trade And Other Payables
Schedule of trade and other payables	Schedule of trade and other payables June 30, 2024 June 30, 2023 Accounts payable and accrued liabilities $ 2,996,308 $ 1,542,849 Due to related party (Note 22) 124,125 63,754 Other payable (1) 1,569,828 3,106,894 Trade and other payables $ 4,690,261 $ 4,713,497 (1) Balance includes $ 1,097,452 2,123,220

Unearned revenue (Tables)

Unearned revenue (Tables)	12 Months Ended
	Jun. 30, 2024
Unearned Revenue
Schedule of unearned revenue	As of June 30, 2024 and 2023, the Company’s unearned revenue mostly consists of payments received for EPC projects not started yet. Schedule of unearned revenue 2024 2023 Beginning of the year $ 1,150,612 16,281 Recognition of revenue included in the beginning balance (16,281 ) - Net increase in unearned revenue recognized during the year 3,445,757 1,134,331 Foreign currency Impact 20,403 - End of the year $ 4,600,491 1,150,612

Right of use assets and lease_2

Right of use assets and lease liabilities (Tables)	12 Months Ended
	Jun. 30, 2024
Right Of Use Assets And Lease Liabilities
Schedule of right of use assets	The continuity of the right-of-use as of June 30, 2024 and 2023 is as follows: Schedule of right of use assets Right-of- use assets Office Cost: Balance, June 30, 2022 197,719 Addition - Balance, June 30, 2023 197,719 Accumulated Depreciation: Balance, June 30, 2022 11,405 Depreciation: 41,827 Balance, June 30, 2023 53,232 Net Book Value, June 30, 2023 144,487 Right-of- use assets Office IPP Facilities Total Cost: Balance, June 30, 2023 $ 197,719 - 197,719 Addition 116,168 946,943 1,063,111 Balance, June 30, 2024 $ 313,887 946,943 1,271,366 Accumulated Depreciation: Balance, June 30, 2023 $ 53,232 - 53,232 Depreciation 70,269 52,201 122,470 Balance, June 30, 2024 $ 123,501 52,201 180,465 Net Book Value, June 30, 2024 $ 190,386 894,742 1,085,128
Schedule of lease liabilities	The continuity of the lease liabilities as of June 30, 2024 and 2023 is as follows: Schedule of lease liabilities Lease liabilities Office Balance, June 30, 2022 202,704 Additions, Lease liabilities Payments: (46,966 ) Interest accretion: 17,573 Balance, June 30, 2023 173,311 Current 44,961 Long term 128,350 Net Book Value, June 30, 2023 173,311 Lease liabilities Office IPP Facilities Total Balance, June 30, 2023 $ 173,311 - 173,311 Additions 116,168 946,943 1,063,111 Payments (81,619 ) (73,098 ) (154,717 ) Interest accretion 21,816 37,953 59,769 Balance, June 30, 2024 $ 229,676 911,798 1,141,474 Current 95,420 53,367 148,787 Long term 134,256 858,431 992,687 Balance, June 30, 2024 $ 229,676 911,798 1,141,474
Schedule of maturity lease liabilities	The maturity analysis of the Company’s contractual undiscounted lease liabilities as of June 30, 2024 is as follows: Schedule of maturity lease liabilities 2025 $ 218,013 2026 226,104 2027 124,389 2028 103,819 2028 onward 852,727 Total $ 1,525,052

Intangible assets (Tables)

Intangible assets (Tables)	12 Months Ended
	Jun. 30, 2024
Notes and other explanatory information [abstract]
Schedule of intangible assets	Schedule of intangible assets FIT Contracts (1) Cost: Balance, June 30, 2023 and 2022 $ - Addition 2,110,000 Amortization 108,553 Balance, June 30, 2024 $ 2,110,000 Accumulated amortization: Balance, June 30, 2023 and 2022 $ - Balance $ - Amortization 108,553 Balance, June 30, 2024 $ 108,553 Balance $ 108,553 Net Book Value, June 30, 2024 $ 2,001,447 Net Book Value, June 30, 2023 $ - (1) Addition of FIT contracts for the year ended June 30, 2024 is related to the business acquisitions of OFIT GM and OFTI RT (Note 17).

Long-term debt (Tables)

Long-term debt (Tables)	12 Months Ended
	Jun. 30, 2024
Long-term Debt
Schedule of long term debt	Schedule of long term debt June 30, 2024 June 30, 2023 Highly Affected Sectors Credit Availability Program (1) $ 759,259 $ 870,370 Canadian Emergency Business Account (2) - 40,000 Long-term loans (3) 4,068,139 - Total 4,827,398 910,370 Less: current portion 448,229 151,111 Long-term portion $ 4,379,169 $ 759,259 (1) In 2021, the Company received a Highly Affected Sectors Credit Availability Program (HASCAP) loan for a total of $ 1,000,000 4 32,812 37,214 (2) The Company received a Canada Emergency Business Account (“CEBA”) interest-free loan for a total of $ 60,000 0 40,000 20,000 (3) The Company assumed these loans from the acquisition of OFIT GM and OFIT RT (Note 17). The loans were originally obtained on December 19, 2017 for a total principal amount of $ 6,070,839 1.98 4.75 The loans will mature on December 19, 2029
Schedule of estimated principal repayments	Estimated principal repayments are as follows: Schedule of estimated principal repayments 2025 $ 448,229 2026 457,740 2027 467,686 2028 478,089 2028 onwards 2,975,654 Total $ 4,827,398

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of detailed information about business combination [abstract]
Schedule of purchase consideration to the total fair value of net assets acquired	The allocation of the purchase consideration to the total fair value of net assets acquired is as follows: Schedule of purchase consideration to the total fair value of net assets acquired Fair value of net assets acquired $ Accounts receivable 407,210 Property, plant and equipment 462,647 Tax equity asset 474,547 Accounts payable (25,851 ) Tax equity liability (460,607 ) Identifiable net assets acquired 857,946 Non-controlling interest (283,122 ) Purchase consideration transferred 574,824

Financial instruments (Tables)

Financial instruments (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of detailed information about financial instruments [abstract]
Schedule of financial instruments	Schedule of financial instruments June 30, 2024 Revenue % of Total Revenue Customer A $ 6,550,519 11 % Customer C $ 41,800,175 72 % June 30, 2023 Revenue % of Total Revenue Customer A $ 8,687,175 47 % Customer B $ 5,924,196 32 % June 30, 2024 Account Receivable % of Account Receivable Customer E $ 531,456 48 % June 30, 2023 Account Receivable % of Account Receivable Customer A $ 8,584,998 76 % Customer D $ 1,537,357 14 %
Schedule of remaining contractual obligations	The following are the remaining contractual obligations as at June 30, 2024 Schedule of remaining contractual obligations Total Less than one year 1-3 years 3 to 5 years More than 5 years Long-Term Debt Obligations $ 4,827,398 $ 448,229 $ 925,426 $ 967,058 $ 2,486,685 Operating Lease Obligations 1,525,052 218,013 350,493 207,638 748,908 Loan payable 1,309,844 1,309,844 Other Long-term liabilities 431,140 431,140 Purchase Obligations 8,032,674 8,032,674 - - - Accounts Payable and Accrued Liabilities 4,690,261 4,690,261 - - - Total $ 20,816,369 $ 15,130,161 $ 1,275,919 $ 1,174,696 $ 3,235,593

Share Capital (Tables)

Share Capital (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of classes of share capital [line items]
Schedule of Stock Option Outstanding	Details of the stock option outstanding as at June 30, 2024 and 2023 are as follows: Schedule of Stock Option Outstanding # of stock options Balance, July 1, 2022 - Granted 2,774,000 Forfeited (15,000 ) Balance, June 30, 2023 2,759,000 Granted 82,500 Forfeited (82,500 ) Balance, June 30, 2024 2,759,000 Date granted Expiry Exercise price (CAD) Outstanding number of options at June 30, 2024 Exercisable number 04-Nov-2022 04-Nov-2027 $ 0.75 2,759,000 1,379,500
Summary of Restricted Stock Units	Summary of Restricted Stock Units # of RSUs Balance, July 1, 2022 - Granted 515,000 Exercised (250,000 ) Balance, June 30, 2023 and 2024 265,000 Balance 265,000 Date granted Vesting Date Numbers outstanding and 4-Nov-2022 02-Aug-2023 250,000 13-Mar-2023 12-Mar-2024 7,500 13-Mar-2023 12-Mar-2025 7,500 265,000
Warrants [member]
Disclosure of classes of share capital [line items]
Schedule of Stock Option Outstanding	Schedule of Warrants # of warrants Balance, July 1, 2022 - Granted 7,983,000 Balance, June 30, 2023 7,983,000 Exercised (110,000 ) Balance, June 30, 2024 7,873,000 Date granted Expiry Exercise price (CAD) Balance outstanding and 03-Oct-2022 10-Jun-2027 $ 0.10 2,500,000 01-Mar-2023 01-Mar-2026 $ 0.75 373,000 01-Mar-2023 01-Mar-2028 $ 0.50 5,000,000 7,873,000 Weighted average exercise price $ 0.38 Weighted average remaining contractual life 3.35

Non-Controlling Interest (Table

Non-Controlling Interest (Tables)	12 Months Ended
	Jun. 30, 2024
Non-controlling Interest
Summary of non-controlling interest allocated	Summary of non-controlling interest allocated June 30, 2024 June 30, 2023 2467264 Ontario Inc. 49.9 % 49.9 % Solar Alliance DevCo LLC - 67 % OFIT GM Inc. 49.9 % - OFIT R Inc. 49.9 % - % ownership held by NCI 49.9 % -
Summary of Financial Information for the Subsidiaries of Non-controlling Interests	Summary of Financial Information for the Subsidiaries of Non-controlling Interests 2467264 Ontario Inc. Solar Alliance DevCo LLC OFIT GM Inc. OFIT RT Inc. Total June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Current assets 2,343 6,874,801 - 588,992 560,757 - 159,990 - 723,090 7,463,793 Non-current assets - - - 1,878,938 4,237,485 - 1,767,508 - 6,004,993 1,878,938 Total assets 2,343 6,874,801 - 2,467,930 4,798,242 - 1,927,498 - 6,728,083 9,342,731 Current liabilities 927,790 1,617,782 - 25,851 770,469 - 98,215 - 1,796,474 1,643,633 Non-current liabilities - - - - 4,039,128 - 1,569,411 - 5,608,539 - Total liabilities 927,790 1,617,782 - 25,851 4,809,597 - 1,667,626 - 7,405,013 1,643,633 Non-controlling interest (44,717 ) (44,717 ) - 283,122 1,766,009 - 639,641 - 2,360,933 238,405 Revenue - - 30,965 - 366,429 - 142,665 - 540,059 - Profit (loss) for the year attributable to the owners of the parent 156,173 5,376,027 36,366 - (79,851 ) - (30,138 ) - 82,550 5,376,027 Profit (loss) for the year attributable to NCIs - - 7,023 - (80,171 ) - (30,259 ) - (103,407 ) - Profit (loss) 156,173 5,376,027 43,389 - (160,022 ) - (60,397 ) - (20,857 ) 5,376,027 Other comprehensive income for the year: Attributable to the owners of the parent - - 9,327 - - - - - 9,327 - Attributable to NCIs - - 8,172 - - - - - 8,172 - Other comprehensive income - - 17,499 - - - - - 17,499 - Total comprehensive income for the year attributable to the owners of the parent 156,173 5,376,027 45,693 - (79,851 ) - (30,138 ) - 91,877 5,376,027 Total comprehensive income for the year attributable to NCIs - - 15,195 - (80,171 ) - (30,259 ) - (95,235 ) - Total comprehensive income 156,173 5,376,027 60,888 - (160,022 ) - (60,397 ) - (3,358 ) 5,376,027 Net cash from operating activities 1,855 488 - - 434,447 - 25,059 - 461,361 488 Net cash from investing activities - - - - 242,885 - 200,780 - 443,665 - Net cash used in financing activities - - - - (289,174 ) - (105,955 ) - (395,129 ) -

Investment (Tables)

Investment (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure Of Investment Abstract
Schedule of Investment	Schedule of Investment Investment in SFF ($) Balance, July 1, 2022 - Purchased 722,515 Fair value change - Balance, June 30, 2023 722,515 Purchased 2,465,000 acquired through debt settlement 3,089,299 Fair value change (1,124,791 ) Balance, June 30, 2024 5,152,023

Related Party Balances and Tr_2

Related Party Balances and Transactions (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of transactions between related parties [abstract]
Summary of Remuneration of Directors and Other Members of Key Management Personnel	The remuneration of directors and other members of key management personnel, for the year ended June 30, 2024 and 2023 were as follows: Summary of Remuneration of Directors and Other Members of Key Management Personnel 2024 2023 Short-term employee benefits $ 1,515,993 $ 1,533,393 Share-based compensation 486,571 560,538 Advisory warrants - 448,156

Goodwill and long-lived asset_2

Goodwill and long-lived assets Impairment (Tables)	12 Months Ended
	Jun. 30, 2024
Goodwill And Long-lived Assets Impairment
Schedule of Goodwill and Long-lived Assets	Schedule of Goodwill and Long-lived Assets PPE included in CGU Intangible assets included in CGU Goodwill included in CGU Total Recoverable amount Impairment amount OFIT GM CGU $ 2,064,302 1,422,830 3,522,172 7,009,304 3,776,335 (3,232,969 ) OFIT RT CGU $ 891,512 578,619 1,016,855 2,486,985 1,619,684 (867,301 ) $ (4,100,270 )

Capital Management (Tables)

Capital Management (Tables)	12 Months Ended
	Jun. 30, 2024
Disclosure of objectives, policies and processes for managing capital [abstract]
Schedule of Capital Structure	Schedule of Capital Structure June 30, 2024 June 30, 2023 Long-term debt -non-current portion (Note 15) $ 4,379,169 759,259 Shareholders’ Equity $ 18,724,301 16,631,196

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Jun. 30, 2024
Major components of tax expense (income) [abstract]
Schedule of Reconciliation of Income Taxes	Schedule of Reconciliation of Income Taxes 2024 2023 Income (loss) before tax $ (630,984) $ 3,193,160 Statutory tax rate 26.5 % 26.5 % Expected income tax benefit (expense) (167,211 ) 672,497 Permanent differences 175,184 - Employee stock compensation 228,000 - Share issuance costs - 90,248 Goodwill impairment loss 1,086,572 - Adjustment to prior years provision versus statutory tax return tax returns 723,780 (153,137 ) Changes in statutory, foreign tax, foreign exchange rates and other (29,344 ) 367,410 Change in unrecognized temporary differences 929,179 (25,844 ) Total income tax expense (recovery) 2,946,160 951,174 Current tax expense 2,961,662 951,174 Deferred tax expense (recovery) (15,502 ) - Total income tax expense $ 2,946,160 951,174
Schedule of Deferred Tax Liability	The components of the net deferred tax liability are as follows: Schedule of Deferred Tax Liability 2024 2023 Intangible assets (530,384 ) - Derivative assets (40,542 ) - Share issuance costs - 90,248 Loss carry forward 59,520 - FV measured loans (86,927 ) - Property and equipment (475,502 ) 192,136 Total (1,073,835 ) 282,384 Deferred tax assets not recognized - (282,384 ) Net deferred tax liabilities (1,073,835 ) - Deferred tax liabilities resulted from acquisition of OFIT GM&RT (1,089,337 ) - Deferred tax recovery 15,502 - Net deferred tax liabilities $ (1,073,835 ) -
Schedule of Unrecognized Deductible Temporary Differences	Current year unrecognized deductible temporary differences are attributable to the following: Schedule of Unrecognized Deductible Temporary Differences 2024 Financing costs 816,676 Lease liabilities 39,290 Investment in SFF shares 1,233,168 Loss carryforwards 6,651,305 Net deferred tax assets 8,740,439

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Jun. 30, 2024
Notes and other explanatory information [abstract]
Schedule of Earnings Per Share	The calculation of earnings per share for the year ended June 30, 2024 and 2023 are as follows: Schedule of Earnings Per Share June 30, 2024 June 30, 2023 Net income/(loss) (3,577,144 ) 2,241,986 Basic weighted average number of shares outstanding 27,040,189 19,575,479 Dilution of securities - 17,657,711 Diluted weighted average number of shares outstanding 27,040,189 37,233,190 Earnings per share Basic (0.13 ) 0.11 Diluted (0.13 ) 0.06

Schedule of significant subsidi

Schedule of significant subsidiaries (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Abundant solar power inc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant construction inc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Canada
Ownership interest	100%	100%
Abundant energy solution ltd [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Canada
Ownership interest	100%	100%
Ontario inc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Canada
Ownership interest	49.90%	49.90%
OFIT GM Inc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Canada
Ownership interest	49.90%
OFIT RT Inc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Canada
Ownership interest	49.90%
Solar alliance energy dev co llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	67%
Solar alliance teholdco llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	67%
Alliance vc1 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	67%
Abundant solar power us1 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power new york llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power maryland llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power rp llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1011 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1012 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power cny llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1016 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power tz1 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power m1 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power j1 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power steuben llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power uany-markham hollowrd 001 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1015 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1002 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1003 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power usnyrichmond 003 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1006 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1007 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1008 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1009 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1010 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 203 fuller rd llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1001 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power usny 6882 rice road 001 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power lcp llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power r1 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1005 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1013 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1014 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power usny 327 hardie rd 001 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power dutch hill llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power dutch hill 2 [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Abundant solar power dutch hill 3 [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%	100%
Sunn 1004 llc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Ownership interest	100%

Schedule of plant and equipment

Schedule of plant and equipment estimated useful lives (Details)	12 Months Ended
	Jun. 30, 2024
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Plant and equipment useful life	20 years
Top of range [member]
IfrsStatementLineItems [Line Items]
Plant and equipment useful life	25 years
Computer Equipment [Member]
IfrsStatementLineItems [Line Items]
Depreciation rate, property, plant and equipment	55%
Furniture and office equipment [member]
IfrsStatementLineItems [Line Items]
Depreciation rate, property, plant and equipment	20%

Significant accounting polici_4

Significant accounting policies (Details Narrative) - CAD ($)	Jun. 30, 2024	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Short term investments	$ 920,000	$ 6,550,000
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Investments interest rate	4.25%	4.70%
Top of range [member]
IfrsStatementLineItems [Line Items]
Investments interest rate	4.95%	4.95%

Schedule of trade and other rec

Schedule of trade and other receivables (Details) - CAD ($)		Jun. 30, 2024		Jun. 30, 2023		Jun. 30, 2022	Jun. 30, 2019
Trade And Other Receivables
Accounts receivable		$ 966,150		$ 1,978,834
Receivable due from SFF	[1]			8,024,195
Other receivable		323,293		321,016
Credit loss allowance		(174,226)	[1]	(6,486,838)	[1]	$ (6,486,838)	$ 6,486,838
Trade and other receivables		$ 1,115,217		$ 3,837,207
[1]In 2017, the Company entered into a sales contract with a group of limited partnerships now known as Solar Flow-Through Funds Ltd. (“SFF”) to provide development services for solar photovoltaic projects. The Company has written off receivables of total $ 6,486,838

Schedule of Trade And Other R_2

Schedule of Trade And Other Receivables (Details) (Parenthetical) - CAD ($)		12 Months Ended
		Jun. 30, 2024		Jun. 30, 2023		Jun. 30, 2019
Trade And Other Receivables
Written off receivables		$ (174,226)	[1]	$ (6,486,838)	[1]	$ 6,486,838
Credit loss allowance, beginning of the year		(6,486,838)	[1]	(6,486,838)
Recognition of credit loss		(174,226)
Recovery of credit loss		4,839,438
Written-off of credit loss		1,647,400
Credit loss allowance, end of the year	[1]	$ (174,226)		$ (6,486,838)
[1]In 2017, the Company entered into a sales contract with a group of limited partnerships now known as Solar Flow-Through Funds Ltd. (“SFF”) to provide development services for solar photovoltaic projects. The Company has written off receivables of total $ 6,486,838

Trade and other receivables (De

Trade and other receivables (Details Narrative) - CAD ($)	12 Months Ended
	Jun. 30, 2024		Nov. 01, 2023	Jun. 30, 2023	[1]	Jun. 30, 2022	Jun. 30, 2019
IfrsStatementLineItems [Line Items]
Provision for doubtful account for credit loss allowance	$ (174,226)	[1]		$ (6,486,838)		$ (6,486,838)	$ 6,486,838
Cash transferred			$ 2,498,973
Solar Flow Through Funds Ltd [member]
IfrsStatementLineItems [Line Items]
Provision for doubtful account for credit loss allowance	6,486,838
Cash transferred	$ 1,750,143
Issue of equity of common shares	1,052,599
Par value per share	$ 2.93
Other comprehensive income	$ 4,839,438
[1]In 2017, the Company entered into a sales contract with a group of limited partnerships now known as Solar Flow-Through Funds Ltd. (“SFF”) to provide development services for solar photovoltaic projects. The Company has written off receivables of total $ 6,486,838

Schedule of Prepaid Expenses an

Schedule of Prepaid Expenses and Deposits (Details) - CAD ($)		Jun. 30, 2024	Jun. 30, 2023
Prepaid Expenses And Deposits
Interconnection deposits	[1]	$ 4,291	$ 469,725
Construction in progress deposits	[2]	2,543,120	1,623,209
Security deposits		12,352	12,352
Prepaid insurance		128,285	74,373
Prepaid marketing expenses	[3]	341,825	782,101
Other prepaids and deposits		96,956	92,918
Prepaid expenses and deposits		$ 3,126,829	$ 3,054,678
[1]Interconnection deposits are made to the utility companies for the connection cost of each project that completes a CESIR report (Coordinated Electric System Interconnection Review) with that utility. The utility companies complete their analysis and provide an estimated cost to connect the project to the grid when ready. To hold the place in the utility line and reserve grid capacity for said project, the estimated connection cost must be paid ahead of time which is what comprises the interconnection deposits amount. The Interconnection deposit would become a part of the cost of sales once the projects reach commercial operation.[2]Deposits related prepayments made on the purchase of raw materials required for construction of EPC projects located in New York, USA.[3]The Company hired investor relations and marketing consultant companies to increase the Company’s visibility in the market and to explore over-seas markets. The balance is related to the payment made to these marketing consultant companies.

Schedule of Property Plant and

Schedule of Property Plant and Equipment (Details) - CAD ($)		12 Months Ended
		Jun. 30, 2024		Jun. 30, 2023
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance	[1]	$ 950,133
Additions		7,802,868		$ 1,106,503
Property plant and equipment, ending balance	[1]	3,454,923		950,133
Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance		5,380
Property plant and equipment, ending balance		3,064		5,380
Furniture and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance		7,559
Property plant and equipment, ending balance		12,723		7,559
Vehicles [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance
Property plant and equipment, ending balance		31,392
Ipp facilities [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance	[1]	937,194
Reclass to tax equity asset				474,547
Property plant and equipment, ending balance	[1]	3,407,744		937,194
Gross carrying amount [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance		1,006,703		143,690
Additions		3,142,908
Additions/dispositions				863,013
Reclass to tax equity asset	[2]	(474,547)
Foreign currency impact		15,620
Property plant and equipment, ending balance		3,690,684		1,006,703
Gross carrying amount [member] | Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance		19,256		59,984
Additions
Additions/dispositions				(40,728)
Reclass to tax equity asset	[2]
Foreign currency impact
Property plant and equipment, ending balance		19,256		19,256
Gross carrying amount [member] | Furniture and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance		50,253		83,706
Additions		7,300
Additions/dispositions				(33,453)
Reclass to tax equity asset	[2]
Foreign currency impact
Property plant and equipment, ending balance		57,553		50,253
Gross carrying amount [member] | Vehicles [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance
Additions		35,608
Additions/dispositions
Reclass to tax equity asset	[2]
Foreign currency impact
Property plant and equipment, ending balance		35,608
Gross carrying amount [member] | Ipp facilities [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance	[1]	937,194
Additions		3,100,000
Additions/dispositions	[1]			937,194
Reclass to tax equity asset	[2]	(474,547)
Foreign currency impact		15,620
Property plant and equipment, ending balance		3,578,267		937,194	[1]
Accumulated depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance		56,570		118,576
Foreign currency impact		383
Depreciation		178,808	[3]	7,383
Reversal				(69,389)
Property plant and equipment, ending balance		235,761		56,570
Accumulated depreciation [member] | Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance		13,876		49,973
Foreign currency impact
Depreciation		2,316	[3]	4,728
Reversal				(40,825)
Property plant and equipment, ending balance		16,192		13,876
Accumulated depreciation [member] | Furniture and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance		42,694		68,603
Foreign currency impact
Depreciation		2,136	[3]	2,655
Reversal				(28,564)
Property plant and equipment, ending balance		44,830		42,694
Accumulated depreciation [member] | Vehicles [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance
Foreign currency impact
Depreciation		4,216	[3]
Reversal
Property plant and equipment, ending balance		4,216
Accumulated depreciation [member] | Ipp facilities [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property plant and equipment, beginning balance	[1]
Foreign currency impact		383
Depreciation		170,140	[3]		[1]
Reversal	[1]
Property plant and equipment, ending balance	[1]	$ 170,523
[1]Addition of IPP facilities for the fiscal year ended June 30, 2024 and 2023 relate to business acquisitions of OFIT GM and OFTI RT (Note 17).[2]Tax equity asset of $ 474,547 170,140 Nil 8,668 7,383

Schedule of Property Plant an_2

Schedule of Property Plant and Equipment (Details) (Parenthetical) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of detailed information about property, plant and equipment [line items]
Collateral for long-term loan guarantee	$ 3,100,000
Ipp facilities [member]
Disclosure of detailed information about property, plant and equipment [line items]
Tax equity asset acquired from acquisition		$ 474,547
Ipp facilities [member] | Cost of goods sold [member]
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation expenses	170,140
Ipp facilities [member] | Operating expenses [member]
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation expenses	$ 8,668	$ 7,383

Schedule of Unbilled Revenues (

Schedule of Unbilled Revenues (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Unearned Revenue
Beginning of the year	$ 7,405,866
Amounts invoices included in the beginning balance	(7,405,866)
Net increase in unbilled revenue recognized during the year	666,722	7,405,866
Foreign currency Impact	26
End of the year	$ 666,748	$ 7,405,866

Schedule of Inventory (Details)

Schedule of Inventory (Details) - CAD ($)		12 Months Ended
		Jun. 30, 2024		Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Inventories		$ 2,051,440
Solar Projects [Member]
IfrsStatementLineItems [Line Items]
Inventories		448,721		$ 195,920
Additions to development costs		6,903,079	[1]	805,214
Recognized as cost of goods sold upon revenue recognition		(338,118)		(508,130)
Costs expensed due to project cancellation	[2]	496,147		(47,664)
Foreign currency impact on inventory		13,115		3,381
Inventories		6,530,650		448,721
Costs expensed due to project cancellation	[2]	$ (496,147)		$ 47,664
[1]During the year ended June 30, 2024, the Company entered into a purchase agreement related to a solar project to be constructed on a separate site located at Camilus, New York (the “Camilus Purchase Agreement”, the “Camilus project”). According to the Camilus Purchase Agreement, the purchase price includes a consideration of $2,155,703 (USD $ 1,575,000

Schedule of Inventories (Detail

Schedule of Inventories (Details) (Parenthetical) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
DisclosureOfInventoryLineItems [Line Items]
Balance, opening	$ (47,664)
Additions: cost expensed due to project cancellation	(496,147)	(48,231)
Foreign currency Impact	(5,004)	567
Balance, closing	$ (548,815)	$ (47,664)
Camilus purchase agreement [member]
DisclosureOfInventoryLineItems [Line Items]
Description of purchase agreement	According to the Camilus Purchase Agreement, the purchase price includes a consideration of $2,155,703 (USD $1,575,000), which is to be paid upon reaching specific milestones: 20% upon the Closing Date, 60% upon achieving Notice to Proceed (“NTP”), and the remaining 20% upon the Commercial Operation Date (“COD”). The purchase price shall be subject to further adjustment if certain conditions, as defined in the Camillus Purchase Agreement, are met.
Purchase price includes consideration	$ 1,575,000

Inventory (Details Narrative)

Inventory (Details Narrative)	12 Months Ended
	Jun. 30, 2024 CAD ($)
DisclosureOfInventoryLineItems [Line Items]
Description of inventory	the Company recorded a total of $2,051,440 in inventory, which includes $431,141 for the 20% payment made and $1,620,299 for the remaining 80%, discounted from the expected NTP and COD dates.
Inventory	$ 2,051,440
Other long term liabilities	366,369
Trade payable	1,253,930
20% payment made [member]
DisclosureOfInventoryLineItems [Line Items]
Inventory	431,141
80% discounted from expected ntp and cod dates [member]
DisclosureOfInventoryLineItems [Line Items]
Inventory	$ 1,620,299

Schedule of Development Asset (

Schedule of Development Asset (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Balance, June 30, 2023	$ 1,106,503
Additions	7,802,868	1,106,503
Balance, June 30, 2024	8,909,371	1,106,503
Interconnection And Permitting [member]
IfrsStatementLineItems [Line Items]
Balance, June 30, 2023	1,060,119
Additions	704,166	1,060,119
Balance, June 30, 2024	1,764,285	1,060,119
Construction Material [member]
IfrsStatementLineItems [Line Items]
Balance, June 30, 2023
Additions	3,148,742
Balance, June 30, 2024	3,148,742
Construction And Labour [member]
IfrsStatementLineItems [Line Items]
Balance, June 30, 2023	46,384
Additions	3,615,885	46,384
Balance, June 30, 2024	3,662,269	46,384
Other [member]
IfrsStatementLineItems [Line Items]
Balance, June 30, 2023
Additions	334,075
Balance, June 30, 2024	$ 334,075

Schedule of trade and other pay

Schedule of trade and other payables (Details) - CAD ($)		Jun. 30, 2024	Jun. 30, 2023
Trade And Other Payables
Accounts payable and accrued liabilities		$ 2,996,308	$ 1,542,849
Due to related party (Note 22)		124,125	63,754
Other payable	[1]	1,569,828	3,106,894
Trade and other payables		$ 4,690,261	$ 4,713,497
[1]Balance includes $ 1,097,452 2,123,220

Schedule of trade and other p_2

Schedule of trade and other payables (Details) (Parenthetical) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Trade And Other Payables
Payments for customers related projects	$ 1,097,452	$ 2,123,220

Schedule of unearned revenue (D

Schedule of unearned revenue (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Unearned Revenue
Beginning of the year	$ 1,150,612	$ 16,281
Recognition of revenue included in the beginning balance	(16,281)
Net increase in unearned revenue recognized during the year	3,445,757	1,134,331
Foreign currency Impact	20,403
End of the year	$ 4,600,491	$ 1,150,612

Schedule of right of use assets

Schedule of right of use assets (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
DisclosureOfRightOfUseAssetsAndLeaseLiabilitiesLineItems [Line Items]
Balance, Cost	$ 197,719
Addition, Cost	1,063,111
Balance, Cost	1,271,366	$ 197,719
Balance, accumulated depreciation	53,232
Depreciation, accumulated depreciation	122,470
Balance, accumulated depreciation	180,465	53,232
Net Book Value	1,085,128	144,487
Office equipment [member]
DisclosureOfRightOfUseAssetsAndLeaseLiabilitiesLineItems [Line Items]
Balance, Cost	197,719	197,719
Addition, Cost	116,168
Balance, Cost	313,887	197,719
Balance, accumulated depreciation	53,232	11,405
Depreciation, accumulated depreciation	70,269	41,827
Balance, accumulated depreciation	123,501	53,232
Net Book Value	190,386	144,487
Ipp facilities [member]
DisclosureOfRightOfUseAssetsAndLeaseLiabilitiesLineItems [Line Items]
Balance, Cost
Addition, Cost	946,943
Balance, Cost	946,943
Balance, accumulated depreciation
Depreciation, accumulated depreciation	52,201
Balance, accumulated depreciation	52,201
Net Book Value	$ 894,742

Schedule of lease liabilities (

Schedule of lease liabilities (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
DisclosureOfRightOfUseAssetsAndLeaseLiabilitiesLineItems [Line Items]
Balance, Lease liabilities	$ 173,311
Additions, Lease liabilities	1,063,111
Payments, Lease liabilities	(154,717)
Interest accretion, Lease liabilities	59,769
Balance, Lease liabilities	1,141,474	$ 173,311
Current, Lease liabilities	148,787	44,961
Long term, Lease liabilities	992,687	128,350
Net Book Value	1,141,474	173,311
Office equipment [member]
DisclosureOfRightOfUseAssetsAndLeaseLiabilitiesLineItems [Line Items]
Balance, Lease liabilities	173,311	202,704
Additions, Lease liabilities	116,168
Payments, Lease liabilities	(81,619)	(46,966)
Interest accretion, Lease liabilities	21,816	17,573
Balance, Lease liabilities	229,676	173,311
Current, Lease liabilities	95,420	44,961
Long term, Lease liabilities	134,256	128,350
Net Book Value	229,676	173,311
Ipp facilities [member]
DisclosureOfRightOfUseAssetsAndLeaseLiabilitiesLineItems [Line Items]
Balance, Lease liabilities
Additions, Lease liabilities	946,943
Payments, Lease liabilities	(73,098)
Interest accretion, Lease liabilities	37,953
Balance, Lease liabilities	911,798
Current, Lease liabilities	53,367
Long term, Lease liabilities	858,431
Net Book Value	$ 911,798

Schedule of maturity lease liab

Schedule of maturity lease liabilities (Details)	Jun. 30, 2024 CAD ($)
Right Of Use Assets And Lease Liabilities
2025	$ 218,013
2026	226,104
2027	124,389
2028	103,819
2028 onward	852,727
Total	$ 1,525,052

Right of use assets and lease_3

Right of use assets and lease liabilities (Details Narrative) - CAD ($)					1 Months Ended
	Dec. 01, 2023	Nov. 01, 2023	Sep. 01, 2022	May 01, 2022	Oct. 06, 2017
DisclosureOfRightOfUseAssetsAndLeaseLiabilitiesLineItems [Line Items]
Lease term				5 years	20 years
Payment of lease			$ 4,697
Incremental borrowing rate		5.74%	10%
Payment of rent	$ 8,510
Bottom of range [member]
DisclosureOfRightOfUseAssetsAndLeaseLiabilitiesLineItems [Line Items]
Payment of monthly lease basis		$ 502
Payment of quarterly lease basis		1,250
Top of range [member]
DisclosureOfRightOfUseAssetsAndLeaseLiabilitiesLineItems [Line Items]
Payment of monthly lease basis		2,456
Payment of quarterly lease basis		$ 8,125

Loan payable (Details Narrative

Loan payable (Details Narrative)	Jun. 20, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CAD ($)	Jun. 30, 2023 CAD ($)	Jun. 30, 2022 CAD ($)
DisclosureOfLoanPayableLineItems [Line Items]
Percentage of reference rate plus margin	4%
Long term loan	6-year
Loan payable		$ 914,418	$ 1,251,565
Accrued interest payable		2,609	3,571
Legal retainer		$ 40,000	54,748
Development asset			$ 8,909,371	$ 1,106,503
Top of range [member]
DisclosureOfLoanPayableLineItems [Line Items]
Loan for principal amount	$ 2,600,000

Schedule of intangible assets (

Schedule of intangible assets (Details) - CAD ($)		12 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Amortization		$ 108,553
F I T Contracts [Member]
IfrsStatementLineItems [Line Items]
Balance	[1]
Balance	[1]	2,001,447
Net Book Value, Balance	[1]	2,001,447
Cost [Member] | F I T Contracts [Member]
IfrsStatementLineItems [Line Items]
Balance	[1]
Addition	[1]	2,110,000
Balance	[1]	2,110,000
Net Book Value, Balance	[1]	2,110,000
Accumulated Amortization [Member] | F I T Contracts [Member]
IfrsStatementLineItems [Line Items]
Balance	[1]
Amortization	[1]	108,553
Balance	[1]	108,553
Net Book Value, Balance	[1]	$ 108,553
[1]Addition of FIT contracts for the year ended June 30, 2024 is related to the business acquisitions of OFIT GM and OFTI RT (Note 17).

Intangible assets (Details Narr

Intangible assets (Details Narrative) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Notes and other explanatory information [abstract]
Amortization	$ 108,553

Schedule of long term debt (Det

Schedule of long term debt (Details) - CAD ($)		Jun. 30, 2024	Jun. 30, 2023
DisclosureOfLongtermDebtLineItems [Line Items]
Total		$ 4,827,398	$ 910,370
Less: current portion		448,229	151,111
Long-term portion		4,379,169	759,259
Highly affected sectors credit availability program [member]
DisclosureOfLongtermDebtLineItems [Line Items]
Total	[1]	759,259	870,370
Canadian emergency business account [member]
DisclosureOfLongtermDebtLineItems [Line Items]
Total	[2]		40,000
Long term loans [member]
DisclosureOfLongtermDebtLineItems [Line Items]
Total	[3]	$ 4,068,139
[1]In 2021, the Company received a Highly Affected Sectors Credit Availability Program (HASCAP) loan for a total of $ 1,000,000 4 32,812 37,214 The Company received a Canada Emergency Business Account (“CEBA”) interest-free loan for a total of $ 60,000 0 40,000 20,000 6,070,839 1.98 4.75 The loans will mature on December 19, 2029

Schedule of Long Term Debt (D_2

Schedule of Long Term Debt (Details) (Parenthetical) - CAD ($)				12 Months Ended
		Jan. 18, 2024	Dec. 19, 2017	Jun. 30, 2024	Dec. 31, 2021	Jun. 30, 2023
DisclosureOfLongtermDebtLineItems [Line Items]
Loans	[1]			$ 1,569,828		$ 3,106,894
Loan principal amount			$ 6,070,839
Percentage of bankers acceptance interest rate			1.98%
Percentage of annual interest rate			4.75%
Loans Maturity			The loans will mature on December 19, 2029
Highly affected sectors credit availability program [member]
DisclosureOfLongtermDebtLineItems [Line Items]
Loans					$ 1,000,000
Percentage of annual bank rate					4%
Interest payable				32,812		$ 37,214
Canadian emergency business account [member]
DisclosureOfLongtermDebtLineItems [Line Items]
Interest-free loan				$ 60,000
Loan bears interest rate		0%
Repayment of bank loans		$ 40,000
Non-deferrable operating expenses		$ 20,000
[1]Balance includes $ 1,097,452 2,123,220

Schedule of estimated principal

Schedule of estimated principal repayments (Details)	Jun. 30, 2024 CAD ($)
Long-term Debt
2025	$ 448,229
2026	457,740
2027	467,686
2028	478,089
2028 onwards	2,975,654
Total	$ 4,827,398

Long-term debt (Details Narrati

Long-term debt (Details Narrative) - CAD ($)	8 Months Ended	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023
Long-term Debt
Interest paid	$ 153,237	$ 284,784	$ 125,252
Fair value change loss		$ 137,101

Tax equity (Details Narrative)

Tax equity (Details Narrative)		12 Months Ended
	Jun. 20, 2023 CAD ($)	Jun. 30, 2024 CAD ($)	Jun. 30, 2023 CAD ($)	Dec. 04, 2023 USD ($)	Dec. 04, 2023 CAD ($)	Nov. 01, 2023 CAD ($)
DisclosureOfTaxEquityLineItems [Line Items]
Percentage of tax equity	9%
Loan value of acquisition date	$ 460,607					$ 2,498,973
Percentage of ownership	99%
Tax equity asset acquired on acquisition date	$ 474,547
Other income related to tax equity		$ 33,529
Interest accretion		32,182
Solar alliance devco [member]
DisclosureOfTaxEquityLineItems [Line Items]
Membership interest acquired	67%			33%	33%
Loan value of acquisition date	$ 574,824			$ 70,000	$ 94,354
Tax equity asset acquired on acquisition date	$ 474,547	$ 474,547

Schedule of purchase considerat

Schedule of purchase consideration to the total fair value of net assets acquired (Details)		Jun. 30, 2024 CAD ($)	Dec. 04, 2023 USD ($)	Dec. 04, 2023 CAD ($)	Nov. 01, 2023 CAD ($)	Jun. 20, 2023 CAD ($)
Disclosure of detailed information about business combination [line items]
Property, plant and equipment	[1]				$ 3,100,000
Tax equity asset						$ 474,547
Identifiable net liabilities assumed at fair value					(1,641,065)
Non-controlling interest	[2]				(2,508,989)
Purchase consideration transferred					2,498,973	460,607
Cash					443,665
Accounts receivable					33,065
Prepaid					16,507
Derivative assets					290,090
Current liabilities					(38,905)
Long-term loans					(4,396,163)
Deferred tax liability					(1,089,324)
Intangible asset identified	[1]				2,110,000
Goodwill arising on acquisition	[3]				4,539,027
Consideration paid in cash					432,510
Consideration paid in common shares	[4]				2,066,463
Total consideration					2,498,973
Solar alliance devco [member]
Disclosure of detailed information about business combination [line items]
Accounts receivable						407,210
Property, plant and equipment						462,647
Tax equity asset		$ 474,547				474,547
Accounts payable						(25,851)
Tax equity liability						(460,607)
Identifiable net liabilities assumed at fair value						857,946
Non-controlling interest						(283,122)
Purchase consideration transferred			$ 70,000	$ 94,354		$ 574,824
OFIT GM [member]
Disclosure of detailed information about business combination [line items]
Property, plant and equipment	[1]				2,165,000
Identifiable net liabilities assumed at fair value					(1,351,334)
Non-controlling interest	[2]				(1,839,090)
Purchase consideration transferred					1,831,748
Cash					242,885
Accounts receivable					6,454
Prepaid					11,210
Derivative assets					211,237
Current liabilities					(29,716)
Long-term loans					(3,200,254)
Deferred tax liability					(758,150)
Intangible asset identified	[1]				1,500,000
Goodwill arising on acquisition	[3]				3,522,172
Consideration paid in cash					232,263
Consideration paid in common shares	[4]				1,599,485
Total consideration					1,831,748
OFIT RT [member]
Disclosure of detailed information about business combination [line items]
Property, plant and equipment	[1]				935,000
Identifiable net liabilities assumed at fair value					(289,731)
Non-controlling interest	[2]				(669,899)
Purchase consideration transferred					667,225
Cash					200,780
Accounts receivable					26,611
Prepaid					5,297
Derivative assets					78,853
Current liabilities					(9,189)
Long-term loans					(1,195,909)
Deferred tax liability					(331,174)
Intangible asset identified	[1]				610,000
Goodwill arising on acquisition	[3]				1,016,855
Consideration paid in cash					200,247
Consideration paid in common shares	[4]				466,978
Total consideration					$ 667,225
[1]Measurement of fair value[2]Non-controlling interest was calculated based on the proportionate interest in the recognized amounts of the asset and liabilities of OFITM GM and OFIR RT on the acquisition date.[3]The goodwill is attributable to the synergies expected to be achieved from integrating the Company into OFIT GM and OFIT RT IPP operations.[4]Consideration paid in the Company’s common shares was valued at closing market value as at November 1, 2023.

Acquisitions (Details Narrative

Acquisitions (Details Narrative)			8 Months Ended	12 Months Ended
	Jun. 20, 2023 USD ($)	Jun. 20, 2023 CAD ($)	Jun. 30, 2024 CAD ($)	Jun. 30, 2024 CAD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CAD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CAD ($)	Dec. 04, 2023 USD ($)	Dec. 04, 2023 CAD ($)	Nov. 01, 2023 CAD ($)	Oct. 23, 2023 CAD ($) shares	Jun. 20, 2023 CAD ($)	Dec. 28, 2022 USD ($)	Dec. 28, 2022 CAD ($)
Disclosure of detailed information about business combination [line items]
Accounts receivables						$ 321,016				$ 323,293
Accrued interest			$ 153,237	$ 284,784		125,252
Payment for acquisition													$ 2,498,973		$ 460,607
Impairment loss				4,100,270		724,205
Contributed surplus						3,001,924				4,059,175
Tax equity asset															474,547
Consideration of cash													$ 2,498,973
Contributed revenue				58,377,133		18,397,509
Net loss				(3,577,144)		2,241,986
Contributed revenue acauiree, acquisition				58,579,898
Net loss acauiree, acquisition				$ 4,251,497
Solar alliance devco [member]
Disclosure of detailed information about business combination [line items]
Services revenue							$ 1,082,345	$ 1,340,765
Accounts receivables	$ 891,158														$ 1,206,004	$ 891,158	$ 1,206,004
Interest rate																15%	15%
Accrued interest	$ 82,203	$ 111,821
Acquired ownership percentage	67%										33%	33%			67%
Payment for acquisition											$ 70,000	$ 94,354			$ 574,824
Impairment loss					$ 539,204	$ 724,205
Business combinations carrying value											$ 213,838	$ 291,226
Contributed surplus									$ 143,838	196,872
Tax equity asset										$ 474,547					$ 474,547
OFIT [member]
Disclosure of detailed information about business combination [line items]
Consideration of cash														$ 432,510
Consideration of common shares | shares														278,875
OFIT RT [member]
Disclosure of detailed information about business combination [line items]
Acquired ownership percentage													49.90%
Payment for acquisition													$ 667,225
Consideration of cash													$ 667,225
Contributed revenue			142,665
Net loss			60,397
OFIT GM [member]
Disclosure of detailed information about business combination [line items]
Acquired ownership percentage													49.90%
Payment for acquisition													$ 1,831,748
Consideration of cash													$ 1,831,748
Contributed revenue			366,429
Net loss			$ 160,022

Schedule of financial instrumen

Schedule of financial instruments (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of detailed information about financial instruments [line items]
Revenue	$ 58,377,133	$ 18,397,509
Accounts receivables	323,293	321,016
Customer A [member]
Disclosure of detailed information about financial instruments [line items]
Revenue	$ 6,550,519	$ 8,687,175
Total revenue	11%	47%
Accounts receivables		$ 8,584,998
Account receivables percentage		76%
Customer C [member]
Disclosure of detailed information about financial instruments [line items]
Revenue	$ 41,800,175
Total revenue	72%
Customer B [member]
Disclosure of detailed information about financial instruments [line items]
Revenue		$ 5,924,196
Total revenue		32%
Customer E [member]
Disclosure of detailed information about financial instruments [line items]
Accounts receivables	$ 531,456
Account receivables percentage	48%
Customer D [member]
Disclosure of detailed information about financial instruments [line items]
Accounts receivables		$ 1,537,357
Account receivables percentage		14%

Schedule of remaining contractu

Schedule of remaining contractual obligations (Details)	Jun. 30, 2024 CAD ($)
IfrsStatementLineItems [Line Items]
Long-Term Debt Obligations	$ 4,827,398
Operating Lease Obligations	1,525,052
Loan payable	1,309,844
Other Long-term liabilities	431,140
Purchase Obligations	8,032,674
Accounts Payable and Accrued Liabilities	4,690,261
Total	20,816,369
Later than one year [member]
IfrsStatementLineItems [Line Items]
Long-Term Debt Obligations	448,229
Operating Lease Obligations	218,013
Loan payable	1,309,844
Other Long-term liabilities	431,140
Purchase Obligations	8,032,674
Accounts Payable and Accrued Liabilities	4,690,261
Total	15,130,161
Later than one year and not later than three years [member]
IfrsStatementLineItems [Line Items]
Long-Term Debt Obligations	925,426
Operating Lease Obligations	350,493
Purchase Obligations
Accounts Payable and Accrued Liabilities
Total	1,275,919
Later than three years and not later than five years [member]
IfrsStatementLineItems [Line Items]
Long-Term Debt Obligations	967,058
Operating Lease Obligations	207,638
Purchase Obligations
Accounts Payable and Accrued Liabilities
Total	1,174,696
Later than five years [member]
IfrsStatementLineItems [Line Items]
Long-Term Debt Obligations	2,486,685
Operating Lease Obligations	748,908
Purchase Obligations
Accounts Payable and Accrued Liabilities
Total	$ 3,235,593

Financial instruments (Details

Financial instruments (Details Narrative)	12 Months Ended
	Jun. 30, 2024 CAD ($)
Disclosure of detailed information about financial instruments [line items]
Loan interest amount	$ 13,100
Customers [member]
Disclosure of detailed information about financial instruments [line items]
Outstanding accounts receivable, percentage	10%
Vendors [member]
Disclosure of detailed information about financial instruments [line items]
Outstanding accounts receivable, percentage	10%

Schedule of Warrants (Details)

Schedule of Warrants (Details)	12 Months Ended
	Jun. 30, 2024 CAD ($) Integer $ / shares	Jun. 30, 2023 Integer	Mar. 01, 2023 $ / shares	Nov. 04, 2022 $ / shares	Oct. 03, 2022 $ / shares
Disclosure of classes of share capital [line items]
Exercise price			$ 0.75	$ 0.75	$ 0.10
Outstanding and exercisable | $	$ 7,873,000
Weighted average exercise price	$ 0.38
Weighted average remaining contractual life	3 years 4 months 6 days
Outstanding and exercisable one [member]
Disclosure of classes of share capital [line items]
Date granted	Oct. 03, 2022
Expiry	Jun. 10, 2027
Exercise price	$ 0.10
Outstanding and exercisable | $	$ 2,500,000
Outstanding and exercisable two [member]
Disclosure of classes of share capital [line items]
Date granted	Mar. 01, 2023
Expiry	Mar. 01, 2026
Exercise price	$ 0.75
Outstanding and exercisable | $	$ 373,000
Outstanding and exercisable three [member]
Disclosure of classes of share capital [line items]
Date granted	Mar. 01, 2023
Expiry	Mar. 01, 2028
Exercise price	$ 0.50
Outstanding and exercisable | $	$ 5,000,000
Warrants [member]
Disclosure of classes of share capital [line items]
Balance | Integer	7,983,000
Granted | Integer		7,983,000
Exercised | Integer	(110,000)
Balance | Integer	7,873,000	7,983,000
Exercise price			$ 0.50

Schedule of Stock Option Outsta

Schedule of Stock Option Outstanding (Details)	12 Months Ended
	Jun. 30, 2024 shares Integer $ / shares	Jun. 30, 2023 Integer	Mar. 01, 2023 $ / shares	Nov. 04, 2022 $ / shares	Oct. 03, 2022 $ / shares
Disclosure of classes of share capital [line items]
Exercise price | $ / shares			$ 0.75	$ 0.75	$ 0.10
Stock option one [member]
Disclosure of classes of share capital [line items]
Date granted	Nov. 04, 2022
Expiry	Nov. 04, 2027
Exercise price | $ / shares	$ 0.75
Outstanding number of options	2,759,000
Exercisable number of options | shares	1,379,500
Equity Option [Member]
Disclosure of classes of share capital [line items]
Balance	2,759,000
Granted	82,500	2,774,000
Forfeited	(82,500)	(15,000)
Balance	2,759,000	2,759,000

Summary of Restricted Stock Uni

Summary of Restricted Stock Units (Details)	12 Months Ended
	Jun. 30, 2024 CAD ($) Integer	Jun. 30, 2023 Integer
Disclosure of classes of share capital [line items]
Outstanding and exercisable	$ 7,873,000
Outstanding and exercisable one [member]
Disclosure of classes of share capital [line items]
Date granted	Oct. 03, 2022
Outstanding and exercisable	$ 2,500,000
Outstanding and exercisable two [member]
Disclosure of classes of share capital [line items]
Date granted	Mar. 01, 2023
Outstanding and exercisable	$ 373,000
Outstanding and exercisable three [member]
Disclosure of classes of share capital [line items]
Date granted	Mar. 01, 2023
Outstanding and exercisable	$ 5,000,000
Restricted Stock Units [Member]
Disclosure of classes of share capital [line items]
Balance | Integer
Granted | Integer		515,000
Exercised | Integer		(250,000)
Balance | Integer	265,000
Outstanding and exercisable	$ 265,000
Restricted Stock Units [Member] | Outstanding and exercisable one [member]
Disclosure of classes of share capital [line items]
Date granted	Nov. 04, 2022
Vesting date	Aug. 02, 2023
Outstanding and exercisable	$ 250,000
Restricted Stock Units [Member] | Outstanding and exercisable two [member]
Disclosure of classes of share capital [line items]
Date granted	Mar. 13, 2023
Vesting date	Mar. 12, 2024
Outstanding and exercisable	$ 7,500
Restricted Stock Units [Member] | Outstanding and exercisable three [member]
Disclosure of classes of share capital [line items]
Date granted	Mar. 13, 2023
Vesting date	Mar. 12, 2025
Outstanding and exercisable	$ 7,500

Share Capital (Details Narrativ

Share Capital (Details Narrative)							1 Months Ended	12 Months Ended
	Dec. 04, 2023 Integer $ / shares	Mar. 13, 2023 Integer $ / shares	Mar. 08, 2023 Integer	Mar. 01, 2023 CAD ($) Integer $ / shares shares	Nov. 04, 2022 Integer $ / shares	Oct. 03, 2022 Integer $ / shares	Sep. 30, 2023 $ / shares shares	Jun. 30, 2024 CAD ($) Integer shares	Jun. 30, 2023 CAD ($) Integer shares	Apr. 15, 2024 $ / shares shares	Oct. 23, 2023 shares	Sep. 20, 2023 $ / shares shares	Oct. 17, 2022 shares
Disclosure of classes of share capital [line items]
Common shares issued | shares								27,191,075	26,800,000
Number of outstanding common shares | shares								27,191,075	26,800,000				16,000,000
Broker warrants | shares										55,000		55,000
Exercise purchase common shares | $ / shares										$ 0.75		$ 0.75
Common shares issued, net of costs, shares | shares							2,200
Price per share | $ / shares							$ 10
Gross proceeds from stock | shares							22,000
Gross proceeds									$ 1,250,000
fair value of broker warrant
Proceeds from convertible loan				$ 2,500,000					1,297,348
Granted warrants | Integer				483,000	2,774,000	2,500,000
exercise per share | $ / shares				$ 0.75	$ 0.75	$ 0.10
Risk free rate	3.54%			3.85%	3.80%	3.59%
Expected life	5 years			3 years	5 years	4 years 8 months 8 days
Expected volatility	133%			111%	124%	126%
Expected dividend yield	0%			0%	0%	0%
Compensation expense								860,379	2,946,849
Fair value of grant price, measured | $ / shares		$ 2.73			$ 0.75
Employees And Directors [Member]
Disclosure of classes of share capital [line items]
Stock option, granted | Integer	82,500
Stock option granted, exercise price | $ / shares	$ 6.6
Employees And Consultants [Member]
Disclosure of classes of share capital [line items]
Number of shares granted | Integer		15,000			500,000
Warrants [member]
Disclosure of classes of share capital [line items]
Compensation expense									1,792,594
Warrants One [Member]
Disclosure of classes of share capital [line items]
Compensation expense									248,069
Stock Options [Member]
Disclosure of classes of share capital [line items]
Compensation expense								795,313	$ 809,628
Restricted Stock Units [Member]
Disclosure of classes of share capital [line items]
Vesting of shares | Integer									(250,000)
Compensation expense								41,506	$ 333,494
Restricted Stock Units One [Member]
Disclosure of classes of share capital [line items]
Compensation expense								$ 23,560	$ 9,172
Series a warrant [member]
Disclosure of classes of share capital [line items]
Proceeds from convertible loan				$ 2,500,000
Series b warrant [member]
Disclosure of classes of share capital [line items]
Proceeds from convertible loan				$ 2,500,000
Restricted share units [member]
Disclosure of classes of share capital [line items]
Granted shares | $ / shares		$ 15,000			$ 500,000
Granted per share | $ / shares		$ 2.73			$ 0.75
Share capital description					Pursuant to the agreement, each unit is exercisable into one common share of the Company for a period of 60 days from the vesting date. 50% of the units, or 250,000 units, are vested on the date of closing of the Company’s IPO, which was March 1, 2023, and the remaining 50% vests on the date that is 5-month after the date of closing of the IPO (on August 2, 2023).
Vesting of shares | Integer			250,000
Description of options granted		15,000 Restricted Share Units (“RSUs”) were granted to an employee of the Company at grant date closing price of $2.73 per share subject to a vesting schedule over a two years term with 50% of the RSUs vesting on March 1, 2024 and 50% vested on March 1, 2025
Common shares [member]
Disclosure of classes of share capital [line items]
Vesting of shares | Integer			250,000
Warrants [member]
Disclosure of classes of share capital [line items]
Vesting of shares | Integer								(110,000)
Granted warrants | Integer				5,000,000
exercise per share | $ / shares				$ 0.50
IPO [Member]
Disclosure of classes of share capital [line items]
Broker warrants | shares				483,000
Exercise purchase common shares | $ / shares				$ 0.75
Gross proceeds				$ 6,037,500
Total shares				8,050,000
Broker commission				362,250
Legal fees				63,448
fair value of broker warrant				$ 242,575
OFIT GM and OFIT RT [member]
Disclosure of classes of share capital [line items]
Consideration of common shares | shares											278,875

Summary of non-controlling inte

Summary of non-controlling interest allocated (Details)			12 Months Ended
	Dec. 04, 2023	Jun. 20, 2023	Jun. 30, 2024	Jun. 30, 2023
Ontario inc [member]
IfrsStatementLineItems [Line Items]
% ownership held by NCI			49.90%	49.90%
Solar Alliance Dev Co LLC [member]
IfrsStatementLineItems [Line Items]
% ownership held by NCI	33%	67%		67%
OFIT GM Inc [member]
IfrsStatementLineItems [Line Items]
% ownership held by NCI			49.90%
OFIT RT Inc [member]
IfrsStatementLineItems [Line Items]
% ownership held by NCI			49.90%

Summary of Financial Informatio

Summary of Financial Information for the Subsidiaries of Non-controlling Interests (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Current assets	$ 17,629,849	$ 22,045,899
Non-current assets	21,596,012	2,923,638
Total assets	39,225,861	24,969,537
Current liabilities	13,388,850	7,083,876
Non-current liabilities	7,112,710	1,254,465
Total liabilities	20,501,560	8,338,341
Non-controlling interest	2,360,933	238,405
Revenue	58,377,133	18,397,509
Profit (loss) for the year attributable to the owners of the parent	(3,473,737)	2,241,986
Profit (loss) for the year attributable to NCIs	(103,407)
Other comprehensive income	224,612	(200,824)
Total comprehensive income for the year attributable to the owners of the parent	(3,257,297)	2,041,162
Total comprehensive income for the year attributable to NCI	(95,235)
Total comprehensive income	(3,352,532)	2,041,162
Net cash from operating activities	8,484,998	2,390,915
Net cash from investing activities	(4,660,926)	(8,394,680)
Net cash used in financing activities	727,865	(5,807,364)
Non-controlling interests [member]
IfrsStatementLineItems [Line Items]
Current assets	723,090	7,463,793
Non-current assets	6,004,993	1,878,938
Total assets	6,728,083	9,342,731
Current liabilities	1,796,474	1,643,633
Non-current liabilities	5,608,539
Total liabilities	7,405,013	1,643,633
Non-controlling interest	2,360,933	238,405
Revenue	540,059
Profit (loss) for the year attributable to the owners of the parent	82,550	5,376,027
Profit (loss) for the year attributable to NCIs	(103,407)
Profit (loss)	(20,857)	5,376,027
Other comprehensive income attributable to the owners of the parent	9,327
Other comprehensive income attributable to NCIs	8,172
Other comprehensive income	17,499
Total comprehensive income for the year attributable to the owners of the parent	91,877	5,376,027
Total comprehensive income for the year attributable to NCI	(95,235)
Total comprehensive income	(3,358)	5,376,027
Net cash from operating activities	461,361	488
Net cash from investing activities	443,665
Net cash used in financing activities	(395,129)
Ontario inc [member]
IfrsStatementLineItems [Line Items]
Current assets	2,343	6,874,801
Non-current assets
Total assets	2,343	6,874,801
Current liabilities	927,790	1,617,782
Non-current liabilities
Total liabilities	927,790	1,617,782
Non-controlling interest	(44,717)	(44,717)
Revenue
Profit (loss) for the year attributable to the owners of the parent	156,173	5,376,027
Profit (loss) for the year attributable to NCIs
Profit (loss)	156,173	5,376,027
Other comprehensive income attributable to the owners of the parent
Other comprehensive income attributable to NCIs
Other comprehensive income
Total comprehensive income for the year attributable to the owners of the parent	156,173	5,376,027
Total comprehensive income for the year attributable to NCI
Total comprehensive income	156,173	5,376,027
Net cash from operating activities	1,855	488
Net cash from investing activities
Net cash used in financing activities
Solar Alliance Dev Co LLC [member]
IfrsStatementLineItems [Line Items]
Current assets		588,992
Non-current assets		1,878,938
Total assets		2,467,930
Current liabilities		25,851
Non-current liabilities
Total liabilities		25,851
Non-controlling interest		283,122
Revenue	30,965
Profit (loss) for the year attributable to the owners of the parent	36,366
Profit (loss) for the year attributable to NCIs	7,023
Profit (loss)	43,389
Other comprehensive income attributable to the owners of the parent	9,327
Other comprehensive income attributable to NCIs	8,172
Other comprehensive income	17,499
Total comprehensive income for the year attributable to the owners of the parent	45,693
Total comprehensive income for the year attributable to NCI	15,195
Total comprehensive income	60,888
Net cash from operating activities
Net cash from investing activities
Net cash used in financing activities
OFIT GM Inc [member]
IfrsStatementLineItems [Line Items]
Current assets	560,757
Non-current assets	4,237,485
Total assets	4,798,242
Current liabilities	770,469
Non-current liabilities	4,039,128
Total liabilities	4,809,597
Non-controlling interest	1,766,009
Revenue	366,429
Profit (loss) for the year attributable to the owners of the parent	(79,851)
Profit (loss) for the year attributable to NCIs	(80,171)
Profit (loss)	(160,022)
Other comprehensive income attributable to the owners of the parent
Other comprehensive income attributable to NCIs
Other comprehensive income
Total comprehensive income for the year attributable to the owners of the parent	(79,851)
Total comprehensive income for the year attributable to NCI	(80,171)
Total comprehensive income	(160,022)
Net cash from operating activities	434,447
Net cash from investing activities	242,885
Net cash used in financing activities	(289,174)
OFIT RT Inc [member]
IfrsStatementLineItems [Line Items]
Current assets	159,990
Non-current assets	1,767,508
Total assets	1,927,498
Current liabilities	98,215
Non-current liabilities	1,569,411
Total liabilities	1,667,626
Non-controlling interest	639,641
Revenue	142,665
Profit (loss) for the year attributable to the owners of the parent	(30,138)
Profit (loss) for the year attributable to NCIs	(30,259)
Profit (loss)	(60,397)
Other comprehensive income attributable to the owners of the parent
Other comprehensive income attributable to NCIs
Other comprehensive income
Total comprehensive income for the year attributable to the owners of the parent	(30,138)
Total comprehensive income for the year attributable to NCI	(30,259)
Total comprehensive income	(60,397)
Net cash from operating activities	25,059
Net cash from investing activities	200,780
Net cash used in financing activities	$ (105,955)

Non-Controlling Interest (Detai

Non-Controlling Interest (Details Narrative) - CAD ($)				5 Months Ended	8 Months Ended	12 Months Ended
	Dec. 04, 2023	Nov. 01, 2023	Jun. 20, 2023	Dec. 04, 2023	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Net loss						$ (3,577,144)	$ 2,241,986
Solar Alliance Dev Co LLC [member]
IfrsStatementLineItems [Line Items]
Membership interest rate	33%		67%				67%
Net loss				$ 7,023
OFIT GM [member]
IfrsStatementLineItems [Line Items]
Membership interest rate		49.90%
OFIT RT [member]
IfrsStatementLineItems [Line Items]
Membership interest rate		49.90%
OFIT GM Inc [member]
IfrsStatementLineItems [Line Items]
Membership interest rate						49.90%
Net loss					$ 80,171
OFIT RT Inc [member]
IfrsStatementLineItems [Line Items]
Membership interest rate						49.90%
Net loss					$ 30,259

Schedule of Investment (Details

Schedule of Investment (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of detailed information about investment property [abstract]
Investment property at beginning of period	$ 722,515
Additions other than through business combinations, investment property	2,465,000	722,515
Increase (decrease) through net exchange differences, investment property	(1,124,791)
Acquisitions through business combinations, investment property	3,089,299
Investment property at end of period	$ 5,152,023	$ 722,515

Investment (Details Narrative)

Investment (Details Narrative)				12 Months Ended
	Mar. 27, 2024 CAD ($) $ / shares shares	Jul. 05, 2023 CAD ($) Integer	Jun. 01, 2023 CAD ($) Integer	Jun. 30, 2024 CAD ($) Integer $ / shares shares	Apr. 10, 2024 CAD ($)	Nov. 01, 2023 CAD ($)
DisclosureOfInvestmentLineItems [Line Items]
Cash transferred						$ 2,498,973
Percentage of equity interest				16%
Solar Flow Through Funds Ltd [member]
DisclosureOfInvestmentLineItems [Line Items]
Cash transferred				$ 1,750,143
Issue of equity of common shares | shares				1,052,599
Par value per share | $ / shares				$ 2.93
Investment declined amount				$ 900,000
Changes in net investment value due to changes in operating expenses				100,000
Projected capital costs				14,000,000
Changes in net investment value due to changes in capital expenditure				$ 300,000
Percentage of fluctuation discount rate				0.25%
Changes in net investment value due to fluctuation of discount rate				$ 100,000
Solar Flow Through Funds Ltd [member] | Bottom of range [member]
DisclosureOfInvestmentLineItems [Line Items]
Percentage of estimated weighted average cost of capital				5.75%
Solar Flow Through Funds Ltd [member] | Top of range [member]
DisclosureOfInvestmentLineItems [Line Items]
Percentage of estimated weighted average cost of capital				6.25%
Solar Flow Through 2012 Limited Partnership [member]
DisclosureOfInvestmentLineItems [Line Items]
Limited partnership units | Integer			200
Investment, purchase price			$ 4,200
Solar Flow Through 2013 Limited Partnership [member]
DisclosureOfInvestmentLineItems [Line Items]
Limited partnership units | Integer			31,230
Investment, purchase price			$ 718,290
Solar Flow Through 2016 Limited Partnership [member]
DisclosureOfInvestmentLineItems [Line Items]
Limited partnership units | Integer		42,500
Investment, purchase price		$ 2,465,000
Solar Flow Through Limited [member]
DisclosureOfInvestmentLineItems [Line Items]
Limited partnership units | Integer				73,930
Number of common shares, converted | shares				702,820
Cash transferred	$ 1,750,143
Issue of equity of common shares | shares	1,052,599
Receivables					$ 6,486,838
Par value per share | $ / shares	$ 2.93			$ 2.93

Summary of Remuneration of Dire

Summary of Remuneration of Directors and Other Members of Key Management Personnel (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Share-based compensation	$ 860,379	$ 2,946,849
Directors And Other Members [Member]
IfrsStatementLineItems [Line Items]
Short-term employee benefits	1,515,993	1,533,393
Share-based compensation	486,571	560,538
Advisory warrants		$ 448,156

Related Party Balances and Tr_3

Related Party Balances and Transactions (Details Narrative) - CAD ($)	Jun. 30, 2024	Jun. 30, 2023
Directors And Other Members [Member]
IfrsStatementLineItems [Line Items]
Trade and other payable	$ 124,125	$ 63,754

Schedule of Goodwill and Long-l

Schedule of Goodwill and Long-lived Assets (Details)	12 Months Ended
	Jun. 30, 2024 CAD ($)
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Impairment	$ (4,100,270)
OFIT GM Inc [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Intangible assets and goodwill	7,009,304
Recoverable amount	3,776,335
Impairment	(3,232,969)
OFIT GM Inc [member] | Property plant and equipment included in cash generating units [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Intangible assets and goodwill	2,064,302
OFIT GM Inc [member] | Intangible assets included in cash generating units [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Intangible assets and goodwill	1,422,830
OFIT GM Inc [member] | Goodwill included in cash generating units [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Intangible assets and goodwill	3,522,172
OFIT RT Inc [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Intangible assets and goodwill	2,486,985
Recoverable amount	1,619,684
Impairment	(867,301)
OFIT RT Inc [member] | Property plant and equipment included in cash generating units [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Intangible assets and goodwill	891,512
OFIT RT Inc [member] | Intangible assets included in cash generating units [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Intangible assets and goodwill	578,619
OFIT RT Inc [member] | Goodwill included in cash generating units [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Intangible assets and goodwill	$ 1,016,855

Goodwill and long-lived asset_3

Goodwill and long-lived assets Impairment (Details Narrative)	12 Months Ended
	Jun. 30, 2024 CAD ($)
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Impairment loss	$ 4,100,270
OFIT GM and OFIT RT [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Post tax discount rate	6%
OFIT GM [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Impairment loss	$ 325,000
OFIT RT [member]
DisclosureOfGoodwillAndLongLivedAssetsLineItems [Line Items]
Impairment loss	$ 135,600

Schedule of Capital Structure (

Schedule of Capital Structure (Details) - CAD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Disclosure of objectives, policies and processes for managing capital [abstract]
Long-term debt -non-current portion (Note 15)	$ 4,379,169	$ 759,259
Shareholders’ Equity	$ 18,724,301	$ 16,631,196	$ 4,409,302

Schedule of Geographical Area (

Schedule of Geographical Area (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Total Revenue	$ 58,377,133	$ 18,397,509
Non-current assets	16,290,999	2,923,638
CANADA
IfrsStatementLineItems [Line Items]
Total Revenue	9,957,573	1,618,765
Non-current assets	6,528,325	879,941
UNITED STATES
IfrsStatementLineItems [Line Items]
Total Revenue	48,419,560	16,778,744
Non-current assets	$ 9,762,674	$ 2,043,697

Schedule of Reconciliation of I

Schedule of Reconciliation of Income Taxes (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Major components of tax expense (income) [abstract]
Income (loss) before tax	$ (630,984)	$ 3,193,160
Statutory tax rate	26.50%	26.50%
Expected income tax benefit (expense)	$ (167,211)	$ 672,497
Permanent differences	175,184
Employee stock compensation	228,000
Share issuance costs		90,248
Goodwill impairment loss	1,086,572
Adjustment to prior years provision versus statutory tax return tax returns	723,780	(153,137)
Changes in statutory, foreign tax, foreign exchange rates and other	(29,344)	367,410
Change in unrecognized temporary differences	929,179	(25,844)
Total income tax expense (recovery)	2,946,160	951,174
Current tax expense	2,961,662	951,174
Deferred tax expense (recovery)	(15,502)
Total income tax expense	$ 2,946,160	$ 951,174

Schedule of Deferred Tax Liabil

Schedule of Deferred Tax Liability (Details) - CAD ($)	Jun. 30, 2024	Jun. 30, 2023
Major components of tax expense (income) [abstract]
Intangible assets	$ (530,384)
Derivative assets	(40,542)
Share issuance costs		90,248
Loss carry forward	59,520
FV measured loans	(86,927)
Property and equipment	(475,502)	192,136
Total	(1,073,835)	282,384
Deferred tax assets not recognized		(282,384)
Net deferred tax liabilities	(1,073,835)
Deferred tax liabilities resulted from acquisition of OFIT GM&RT	(1,089,337)
Deferred tax recovery	15,502
Net deferred tax liabilities	$ (1,073,835)

Schedule of Unrecognized Deduct

Schedule of Unrecognized Deductible Temporary Differences (Details)	Jun. 30, 2024 CAD ($)
Major components of tax expense (income) [abstract]
Financing costs	$ 816,676
Lease liabilities	39,290
Investment in SFF shares	1,233,168
Loss carryforwards	6,651,305
Net deferred tax assets	$ 8,740,439

Income Tax (Details Narrative)

Income Tax (Details Narrative) - CAD ($)	Jun. 30, 2024	Jun. 30, 2023
Major components of tax expense (income) [abstract]
[custom:NonCapitalLosses-0]	$ 6,651,305	$ 5,311,276

Acquisition of Solar Flow-Thr_2

Acquisition of Solar Flow-Through Funds Ltd. (Details Narrative) - CAD ($) $ / shares in Units, $ in Millions	Mar. 20, 2024	Jun. 30, 2024	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
Number of shares issued		27,191,075	26,800,000
Solar Flow Through Funds Ltd [member]
IfrsStatementLineItems [Line Items]
Number of shares issued	3,575,638
[custom:NumberOfSharesIssuedAdditional-0]	2,283,929
Additional information about nature and financial effect of business combination	(i) $16.31 million and (ii) the final valuation of the BESS portfolio determined by Evans & Evans, Inc. plus the sale proceeds of any portion of the BESS portfolio that may be sold, in either case divided by the Agreement Date VWAP. The maximum number of additional shares issued for the CVRs will be 2,283,929 SolarBank Shares
Definitive agreement [member] | Solar Flow Through Funds Ltd [member]
IfrsStatementLineItems [Line Items]
Contingent consideration recognised as of acquisition date	$ 41.8
Number of shares issued	5,859,567
[custom:AggregationOfPurchasePrice-0]	$ 41.8
[custom:AggregationOfPurchasePricePerShare-0]	$ 4.50
[custom:WeightedAveragePricePerShare]	$ 7.14

Schedule of Earnings Per Share

Schedule of Earnings Per Share (Details) - CAD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Notes and other explanatory information [abstract]
Net income/(loss)	$ (3,577,144)	$ 2,241,986
Basic weighted average number of shares outstanding	27,040,189	19,575,479
Dilution of securities		17,657,711
Diluted weighted average number of shares outstanding	27,040,189	37,233,190
Earnings per share
Basic	$ (0.13)	$ 0.11
Diluted	$ (0.13)	$ 0.06