SolarBank to Develop 6.9 MW Community Solar Project in Nova Scotia Supporting Provincial Clean Energy Goals

SolarBank Corporation (NASDAQ: SUUN) is set to develop a 6.9 MW DC solar project in Brooklyn, Nova Scotia, marking a significant step in the province's renewable energy strategy. The $13.9 million project, owned by AI Renewable Fund, will be constructed in partnership with local firm Trimac Engineering. This development represents a strategic approach to expanding renewable energy infrastructure as part of Canada's inaugural Community Solar Program, demonstrating SolarBank's commitment to distributed and community solar projects across North America.

The solar initiative aligns with Nova Scotia's ambitious clean energy objectives, which include reaching 80% renewable energy by 2030 and achieving net-zero emissions by 2035. SolarBank will manage the project's interconnection, permitting, and design phases through 2025, with construction anticipated to commence in spring 2026. This timeline positions the project to contribute meaningfully to the province's intermediate renewable energy targets while supporting the longer-term net-zero goal. The partnership with Trimac Engineering ensures local expertise and community engagement throughout the development process.

SolarBank's involvement extends beyond project development through a shares-for-services agreement with an independent advisor, valued at up to $100,000 USD monthly, tied to strategic growth and advisory milestones. This arrangement underscores SolarBank's focus on expanding its renewable energy portfolio and demonstrates the company's commitment to strategic partnerships in advancing clean energy infrastructure. With a potential development pipeline exceeding one gigawatt and previous experience developing renewable energy projects totaling over 100 megawatts, SolarBank continues to position itself as a significant player in the clean energy sector.

The Brooklyn project's significance extends beyond its immediate energy generation capacity, serving as a model for future community solar developments across Canada. As part of the Community Solar Program framework, this initiative provides a blueprint for how distributed renewable energy projects can be successfully implemented while engaging local communities and businesses. The project's development through SolarBank's partnership with AI Renewable Fund and Trimac Engineering creates a replicable model for similar renewable energy initiatives throughout Nova Scotia and other Canadian provinces seeking to accelerate their clean energy transitions.