PowerBank Advances Three Community Solar Projects in Nova Scotia

PowerBank Corporation is advancing three community solar projects in Nova Scotia that represent a significant step toward the province's renewable energy goals. The developments, located in Sydney, Brooklyn, and West Petpeswick, are expected to generate a combined 12.4 MW DC of solar power, contributing to Nova Scotia's target of sourcing 80% of its electricity from renewables by 2030. The projects will supply approximately 14,369 megawatt hours of clean energy annually, enough to power the equivalent of 1,140 homes each year.

The environmental impact of these projects is substantial, with estimated annual carbon dioxide reductions of approximately 10,058 tonnes. This reduction is equivalent to removing 3,081 passenger vehicles from the road annually, representing a meaningful contribution to climate change mitigation efforts in the region. The lifetime savings for local communities are projected to reach $6.95 million, providing significant economic benefits alongside environmental improvements.

Construction on the three projects is scheduled to begin in spring 2026, pending final interconnection results and financing arrangements. The company has indicated that project development will proceed once interconnection results are finalized and financing secured according to information available at https://ibn.fm/KEBUi. These community solar initiatives align with PowerBank's specialization in distributed and community solar projects throughout Canada and the United States.

The advancement of these projects comes as Nova Scotia continues its transition toward cleaner energy sources. The combined output of approximately 14,369 MWh of clean energy per year will help displace fossil fuel-generated electricity in the provincial grid. Community solar projects like these allow residents who cannot install solar panels on their own properties to benefit from solar energy through shared ownership or subscription models, expanding access to renewable energy across diverse communities.

PowerBank, trading under symbols NASDAQ: SUUN, Cboe CA: SUNN, and FSE: 103, continues to develop renewable energy infrastructure that supports both environmental sustainability and community economic development. The company's forward progress on these Nova Scotia projects demonstrates the growing viability of community solar as a model for expanding renewable energy access while creating local economic benefits and advancing provincial climate goals.