PowerBank Corporation Advances Three Community Solar Projects in Nova Scotia
TL;DR
PowerBank's Nova Scotia solar projects position the company for growth in Canada's clean energy market, offering competitive advantages in renewable infrastructure development.
PowerBank's three Nova Scotia solar projects will undergo interconnection review within 30 days, with construction planned for spring 2026 pending results and financing.
PowerBank's solar projects will generate $6.95 million in lifetime electricity savings for local communities while supporting jobs and reducing emissions.
PowerBank is developing three community solar projects in Nova Scotia that will contribute 12.4 MW toward renewable energy goals.
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PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) has announced significant progress on three community solar projects located in Sydney, Brooklyn, and West Petpeswick, Nova Scotia. The projects are anticipated to receive interconnection results within the next 30 days, with construction targeted to commence in spring 2026, contingent on positive results and secured financing. This development marks a crucial step in expanding renewable energy infrastructure in the region.
Developed in partnership with Trimac Engineering and owned by AI Renewable Flow-through Fund, these projects are projected to generate up to $6.95 million in lifetime electricity savings for local communities. Additionally, they will support job creation, enhance grid reliability, and contribute to emissions reductions. The combined capacity of 12.4 MW DC aligns with Nova Scotia's renewable energy objectives, reinforcing the province's commitment to sustainable development.
PowerBank Corporation, an independent renewable and clean energy project developer and owner, focuses on distributed and community solar projects across Canada and the United States. The company's portfolio includes solar and Battery Energy Storage System (BESS) projects that supply electricity to utilities, commercial, industrial, municipal, and residential off-takers. With a potential development pipeline exceeding one gigawatt and over 100 megawatts of built capacity, PowerBank leverages diverse projects in leading North American markets to maximize returns. For more information, visit https://www.powerbankcorp.com.
The advancement of these projects underscores PowerBank's expertise in delivering community solar solutions and positions the company for further growth in Canada's emerging clean energy market. This initiative not only benefits local economies through cost savings and employment but also supports broader environmental goals by reducing reliance on fossil fuels. Investors and stakeholders can access the latest news and updates relating to SUUN in the company’s newsroom at https://ibn.fm/SUUN.
This report contains forward-looking information, and additional details are available at https://ibn.fm/m1Rpy. The progress of these projects highlights the increasing importance of community-based renewable energy initiatives in achieving sustainability targets and fostering economic resilience.
Curated from InvestorBrandNetwork (IBN)
