PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) is advancing three community solar projects in Nova Scotia, with construction targeted to begin in spring 2026 pending interconnection results and financing. The projects, located in Sydney, Brooklyn, and West Petpeswick, represent a significant step forward in the province's renewable energy infrastructure development.
The combined output of the three solar projects will total approximately 14,369 megawatt hours of clean energy annually, enough to power the equivalent of 1,140 homes each year. This substantial energy generation capacity will contribute meaningfully to Nova Scotia's ambitious target of sourcing 80% of its electricity from renewable sources by 2030. The projects will generate a combined 12.4 MW DC of solar power, positioning them as important contributors to the province's clean energy transition.
Environmental benefits represent a crucial aspect of these developments, with the projects expected to reduce approximately 10,058 tonnes of carbon dioxide emissions annually. This reduction is equivalent to removing 3,081 passenger vehicles from the road each year, highlighting the significant environmental impact these community solar initiatives will have on Nova Scotia's carbon footprint. The lifetime savings for local communities are estimated at $6.95 million, providing substantial economic benefits alongside the environmental advantages.
The progression of these projects follows the company's announcement that they are moving forward once interconnection results are finalized and financing is secured. According to the company's announcement available at https://ibn.fm/KEBUi, the developments represent PowerBank's continued focus on distributed and community solar initiatives throughout Canada and the United States. The spring 2026 construction timeline allows for necessary regulatory approvals and project planning while aligning with Nova Scotia's broader renewable energy objectives.
These community solar projects demonstrate the growing importance of distributed energy generation in meeting regional climate goals while providing direct benefits to local communities. The combination of environmental impact, economic savings, and contribution to provincial renewable targets makes this development particularly significant for Nova Scotia's energy landscape and climate action plans.
