SolarBank Corp. Advances Community Solar Project in Nova Scotia: Key FAQs

What is the Brooklyn solar project?

The Brooklyn solar project is a 6.9 MW DC solar development in Nova Scotia, part of Canada’s first Community Solar Program, aimed at supporting renewable energy goals.

Who is developing the Brooklyn solar project?

SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) is developing the project in partnership with Trimac Engineering and owned by AI Renewable Fund.

Why is the Brooklyn solar project significant?

It supports Nova Scotia’s ambitious renewable energy targets of 80% by 2030 and net-zero by 2035, contributing to a sustainable energy future.

How much is the Brooklyn solar project expected to cost?

The project is valued at $13.9 million, highlighting the significant investment in renewable energy infrastructure in Nova Scotia.

When will construction on the Brooklyn solar project begin?

Construction is expected to begin in spring 2026, with SolarBank overseeing interconnection, permitting, and design through 2025.

What is SolarBank Corporation’s role in renewable energy?

SolarBank Corporation focuses on developing and owning distributed and community solar projects in Canada and the USA, including solar, BESS, and EV Charging projects.

Where can I find more information about SolarBank Corporation?

For more information, visit SolarBank Corporation’s website at SolarBankCorp.com or their newsroom at https://ibn.fm/SUUN.

What is the shares-for-services agreement mentioned?

SolarBank disclosed a shares-for-services agreement with an independent advisor valued at up to $100,000 USD per month, tied to strategic growth and advisory milestones.

How does the Brooklyn solar project contribute to Nova Scotia’s energy goals?

By developing renewable energy infrastructure, the project directly supports Nova Scotia’s targets of 80% renewable energy by 2030 and net-zero emissions by 2035.