PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) announced it is moving forward with three community solar projects in Nova Scotia, located in Sydney, Brooklyn, and West Petpeswick. The projects are expected to begin construction in spring 2026, pending final interconnection results and financing. According to the company, the combined output will total approximately 14,369 MWh of clean energy per year, enough to power the equivalent of 1,140 homes annually. The initiative could reduce roughly 10,058 tonnes of CO2 annually, equivalent to removing 3,081 passenger vehicles from the road. Lifetime savings for local communities are estimated at $6.95 million.
The three developments, with a combined capacity of 12.4 MW DC, will contribute to Nova Scotia's target of sourcing 80% of its electricity from renewables by 2030. PowerBank, a premier developer and owner of renewable and clean energy projects specializing in distributed and community solar initiatives throughout Canada and the U.S., is progressing these projects as part of its broader portfolio. The company noted that once interconnection results are finalized and financing secured, construction will commence. More details can be found in the company’s newsroom at https://ibn.fm/SUUN.
PowerBank's advancement of these projects underscores its commitment to expanding renewable energy access in Canadian communities. The projects are designed to provide clean energy and cost savings to local residents, aligning with provincial and national clean energy goals. The estimated reduction of 10,058 tonnes of CO2 annually is a significant environmental benefit, comparable to removing over 3,000 vehicles from the road each year. The company expects the projects to generate substantial economic and environmental returns over their lifetimes.
For more information on PowerBank and its projects, visit the company's newsroom at https://ibn.fm/SUUN. The company is listed on NASDAQ, Cboe Canada, and the Frankfurt Stock Exchange, reflecting its broad investor base and commitment to transparency.
