PowerBank Corporation Advances Three Community Solar Projects in Nova Scotia

PowerBank Corporation 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. This development represents a substantial investment in Nova Scotia's renewable energy infrastructure and demonstrates the growing momentum behind distributed energy resources in the region.

Developed in partnership with Trimac Engineering and owned by AI Renewable Flow-through Fund, these solar installations are projected to generate up to $6.95 million in lifetime electricity savings for local communities while creating employment opportunities, enhancing grid reliability, and reducing carbon emissions. The three projects will contribute 12.4 MW DC toward Nova Scotia's renewable energy objectives, positioning PowerBank as a key player in Canada's emerging clean energy market. This advancement underscores the company's expertise in delivering community solar solutions across North America and highlights the strategic importance of renewable energy infrastructure in meeting regional sustainability targets.

The advancement of these projects comes at a critical time as Nova Scotia continues to expand its renewable energy capacity. Community solar projects like these provide local residents and businesses with access to clean energy while supporting regional economic development through job creation and long-term energy cost savings. PowerBank Corporation focuses on developing solar and Battery Energy Storage System projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. The company maintains a diverse portfolio across multiple North American markets, including projects with utilities, host off-takers, community solar, and virtual net metering projects. Additional information about the company's forward-looking statements can be found at https://ibn.fm/m1Rpy.

These projects represent a significant step forward in Nova Scotia's transition to cleaner energy sources while providing tangible economic benefits to local communities. The combination of electricity cost savings, job creation, and environmental benefits makes community solar an increasingly attractive option for regions seeking to balance energy needs with sustainability objectives. As interconnection results approach, the successful implementation of these projects could serve as a model for similar renewable energy developments throughout Atlantic Canada and beyond.