- The company is advancing three Nova Scotia community solar projects, in Sydney, Brooklyn, and West Petpeswick, expected to power the equivalent of 1,140 homes annually.
- Combined project output will total approximately 14,369 MWh of clean energy per year, and could reduce roughly 10,058 tonnes of CO2 annually, equivalent to removing 3,081 passenger vehicles from the road.
- Lifetime savings for local communities are estimated at $6.95 million.
- Construction is set to begin in spring 2026, pending interconnection results and financing.
Disseminated on behalf of PowerBank Corporation
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., announced it is progressing with three community solar projects in Nova Scotia. The developments, located in Sydney, Brooklyn, and West Petpeswick, are expected to move into construction by spring 2026, once interconnection results are finalized and financing secured (https://nnw.fm/Ed5Qo).
According to the company, the projects will 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. Together, they will supply approximately 14,369 megawatt hours annually, enough to power the equivalent of 1,140 homes.
Unlike rooftop systems that require upfront investment and property ownership, community solar allows residents, renters, and businesses to subscribe directly to solar farms. Subscribers receive bill credits worth roughly $0.02 per kilowatt-hour, offering an accessible path to renewable energy without installation costs.
The projects will connect directly to the local grid, broadening access to clean energy and supporting Nova Scotia’s transition away from fossil fuels. This structure also provides flexibility for communities and small businesses that otherwise lack the resources to install solar infrastructure.
Over their lifetime, the three projects are expected to deliver up to $6.95 million in combined electricity savings for the participating communities. The company underlined that the projects will bring additional benefits, including local job creation, improved grid reliability, and emissions reductions of roughly 10,058 tonnes of CO2, equivalent to taking 3,081 cars off the road.
The projects are owned by the AI Renewable Flow-through Fund and will be engineered in collaboration with Trimac Engineering, a Nova Scotia-based firm. PowerBank is the lead developer and builder.
Canada’s federal government and the Province of Nova Scotia have created incentive frameworks to support projects of this type. Programs such as the Smart Renewables and Electrification Pathways Program (“SREPs”), Indigenous-Led Clean Energy Stream, and Low Carbon Communities initiative are designed to encourage community participation in renewable energy development.
Nova Scotia has awarded just four community solar contracts so far, with PowerBank’s three projects accounting for a substantial portion of the province’s planned 100 MW AC of solar capacity additions.
PowerBank has completed over 100 MW of projects across North America and maintains a development pipeline exceeding one gigawatt. Until now, much of its activity has been concentrated in the U.S. community solar sector, especially in the upstate New York area, where it has delivered more than 50 MW of projects. The Nova Scotia initiative marks a significant step in extending its presence in Canada’s emerging clean energy market.
By leveraging its modular development model and experience with distributed solar, PowerBank expects to generate engineering, procurement, and construction revenue from these projects in the near term while establishing a foothold for additional contracts in Atlantic Canada.
For more information, visit the company’s website at https://PowerBankCorp.com.
This report contains forward looking information. Please refer to the press releases entitled “PowerBank (SUUN) Advances Three Nova Scotia Community Solar Projects” and dated September 17, 2025, for additional details on the information, risks and assumptions.
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://nnw.fm/SUUN
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