PowerBank Corporation (NASDAQ: SUUN) has announced significant progress on three community solar projects located in Sydney, Brooklyn, and West Petpeswick, Nova Scotia. The projects, developed in partnership with Trimac Engineering and owned by AI Renewable Flow-through Fund, are expected to receive interconnection results within the next 30 days. If results are positive and financing is secured, construction is targeted to begin in spring 2026.
The three projects will contribute 12.4 MW DC toward Nova Scotia's renewable energy goals while generating up to $6.95 million in lifetime electricity savings for local communities. This development supports job creation, enhances grid reliability, and reduces emissions, aligning with broader environmental objectives. The initiative underscores PowerBank's expertise in delivering community solar solutions across North America and positions the company for further growth in Canada's emerging clean energy market.
PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. With a potential development pipeline of over one gigawatt and experience in projects totaling over 100 megawatts built, PowerBank maximizes returns through a diverse portfolio across multiple North American markets.
This announcement highlights the growing importance of community solar in transitioning to cleaner energy sources. The projects not only provide economic benefits through cost savings but also contribute to environmental sustainability by reducing reliance on fossil fuels. For more information about PowerBank, visit https://www.powerbankcorp.com. Additional details about forward-looking statements can be found at https://ibn.fm/m1Rpy, and full terms of use and disclaimers are available at http://IBN.fm/Disclaimer.
