PowerBank Advances Three Nova Scotia Community Solar Projects with Significant Economic and Environmental Benefits

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) 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. Developed in partnership with Trimac Engineering and owned by AI Renewable Flow-through Fund, these initiatives are projected to generate up to $6.95 million in lifetime electricity savings for local communities while supporting job creation, enhancing grid reliability, and reducing emissions.

These projects contribute 12.4 MW DC toward Nova Scotia's renewable energy objectives, highlighting PowerBank's expertise in delivering community solar solutions across North America. This development positions the company for further expansion in Canada's emerging clean energy sector. For additional details on the forward-looking statements and risks associated with these projects, please refer to https://ibn.fm/m1Rpy. The full terms of use and disclaimers applicable to this content can be found at http://IBN.fm/Disclaimer.

The advancement of these projects underscores the growing importance of community solar in achieving regional sustainability targets. By leveraging distributed energy resources, PowerBank aims to maximize returns through a diverse portfolio across multiple North American markets, including utilities, commercial, industrial, municipal, and residential off-takers. The company's potential development pipeline exceeds one gigawatt, with over 100 megawatts of renewable and clean energy projects already developed and built.

This announcement matters because it demonstrates tangible progress in Nova Scotia's transition to renewable energy, offering economic benefits through cost savings and job opportunities while addressing environmental concerns. The projects align with broader efforts to enhance energy independence and reduce carbon footprints, making them a critical component of the region's infrastructure development. As interconnection results approach, stakeholders will be closely monitoring the outcomes to gauge the feasibility and impact of these initiatives on the local and regional energy landscape.