PowerBank Corporation Advances Three Community Solar Projects in Nova Scotia

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. This development represents a crucial step forward in Nova Scotia's renewable energy infrastructure and highlights PowerBank's growing presence in the Canadian clean energy market.

The three projects, developed in partnership with Trimac Engineering and owned by AI Renewable Flow-through Fund, are projected to generate substantial economic and environmental benefits for local communities. With an estimated lifetime electricity savings of up to $6.95 million for local communities, these projects will provide significant cost reductions for residents and businesses while supporting job creation and enhancing grid reliability. The environmental impact is equally important, as the projects will contribute to emissions reductions and support Nova Scotia's transition to cleaner energy sources.

Collectively contributing 12.4 MW DC toward Nova Scotia's renewable energy goals, these projects underscore PowerBank's expertise in delivering community solar solutions across North America. The company's strategic approach to distributed energy development positions it for further growth in Canada's emerging clean energy market. The successful implementation of these projects could serve as a model for similar community solar initiatives throughout the region, demonstrating the viability and benefits of localized renewable energy generation.

The timing of this development is particularly significant given the increasing focus on renewable energy infrastructure and climate change mitigation efforts across Canada. As provinces work to meet their clean energy targets, projects like these three solar installations in Nova Scotia represent practical, community-focused solutions that balance environmental sustainability with economic benefits. The progress announcement comes at a time when both public and private sectors are increasingly investing in renewable energy infrastructure to address climate concerns and energy security needs.

For additional information about forward-looking statements and project details, readers can refer to https://ibn.fm/m1Rpy. The continued development of these projects will be closely watched by industry observers, local communities, and investors interested in the growth of renewable energy infrastructure in Atlantic Canada.