PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a leader in North American energy infrastructure development and asset ownership, announced progress on three community solar projects in Nova Scotia, located in Sydney, Brooklyn and West Petpeswick. The projects are expected to receive interconnection results within the next 30 days, with construction targeted to begin in spring 2026 if results are positive and financing is secured. Developed in partnership with Trimac Engineering and owned by AI Renewable Flow-through Fund, the projects are expected to generate up to $6.95 million in lifetime electricity savings for local communities while supporting jobs, grid reliability and emissions reductions. Contributing 12.4 MW DC toward Nova Scotia’s renewable energy goals, the projects underscore PowerBank’s expertise in delivering community solar across North America and position the Company for further growth in Canada’s emerging clean energy market.
The announcement highlights PowerBank's commitment to expanding renewable energy infrastructure in Canada. The three projects—Sydney, Brooklyn, and West Petpeswick—are part of a broader strategy to develop distributed and community solar projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. According to the company, the projects are expected to deliver significant economic and environmental benefits, including job creation during construction and operation, enhanced grid reliability, and reduced greenhouse gas emissions. The lifetime electricity savings of up to $6.95 million will directly benefit local communities by lowering energy costs.
PowerBank's progress in Nova Scotia aligns with the province's renewable energy targets and Canada's clean energy transition. The company's potential development pipeline exceeds one gigawatt, and it has already developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. This track record positions PowerBank to capitalize on growing demand for community solar and battery energy storage solutions. For more details, refer to the full press release at https://ibn.fm/Hqmfm.
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