PowerBank Corporation (NASDAQ: SUUN) has announced significant progress on three community solar projects located in Sydney, Brooklyn, and West Petpeswick, Nova Scotia. The projects, developed in partnership with Trimac Engineering and owned by AI Renewable Flow-through Fund, 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.
The three projects collectively contribute 12.4 MW DC toward Nova Scotia's renewable energy objectives, positioning PowerBank for further growth in Canada's emerging clean energy market. These developments are projected to generate up to $6.95 million in lifetime electricity savings for local communities while simultaneously supporting job creation, enhancing grid reliability, and reducing emissions.
This advancement underscores PowerBank's expertise in delivering community solar infrastructure across North America. The company, which focuses on distributed and community solar projects in Canada and the United States, maintains a diverse portfolio that includes projects with utilities, host off-takers, community solar initiatives, and virtual net metering projects. Additional information about the company's operations and forward-looking statements can be found at https://ibn.fm/m1Rpy.
The development pipeline for PowerBank exceeds one gigawatt, with the company having already developed renewable and clean energy projects with a combined capacity of over 100 megawatts. These Nova Scotia projects represent a strategic expansion into Canadian markets and demonstrate the growing importance of community-based renewable energy solutions. The full press release detailing these developments is available at https://ibn.fm/Hqmfm.
Investors and stakeholders should note that forward-looking statements involve risks and uncertainties, as detailed in the company's SEC filings and comprehensive disclaimers available at http://IBN.fm/Disclaimer. The successful implementation of these projects could serve as a model for similar community solar initiatives across Canada, potentially accelerating the transition to renewable energy sources while delivering tangible economic benefits to local communities.
