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 expected to receive interconnection results within the next 30 days, with construction targeted to begin in spring 2026 pending positive results and secured financing. Developed in partnership with Trimac Engineering and owned by AI Renewable Flow-through Fund, these initiatives represent a strategic move in Nova Scotia's renewable energy landscape.
The three projects are projected to generate up to $6.95 million in lifetime electricity savings for local communities while simultaneously supporting job creation, enhancing grid reliability, and reducing emissions. With a combined capacity of 12.4 MW DC, the projects contribute substantially toward Nova Scotia's renewable energy objectives. This development 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 sector.
PowerBank Corporation operates as an independent renewable and clean energy project developer and owner, focusing on distributed and community solar projects across 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. According to the company's forward-looking information available at https://ibn.fm/m1Rpy, PowerBank maintains a diverse portfolio of projects across multiple leading North American markets.
The company's development pipeline exceeds one gigawatt in potential capacity, with already developed renewable and clean energy projects totaling over 100 megawatts built. Additional information about PowerBank's operations and projects can be found at https://www.powerbankcorp.com. The latest news and updates relating to SUUN are available in the company's newsroom at https://ibn.fm/SUUN.
This advancement in Nova Scotia's renewable energy infrastructure demonstrates the growing importance of community solar projects in meeting regional energy needs while addressing environmental concerns. The projects' emphasis on local economic benefits through electricity savings and job creation highlights the multifaceted value proposition of renewable energy investments in community development and sustainability initiatives.
Curated from InvestorBrandNetwork (IBN)
