PowerBank Corporation (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 the company's ability to advance community solar projects that provide economic and environmental benefits to local areas. By focusing on distributed and community solar, PowerBank is tapping into a growing segment of the renewable energy market that offers stable returns and community engagement.
PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.
For more information about PowerBank, visit www.powerbankcorp.com. This press release contains forward-looking information. Please refer to https://ibn.fm/m1Rpy for additional details. The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN.
