FAQ: PowerBank Corporation's Nova Scotia Community Solar Projects

What is PowerBank Corporation announcing regarding Nova Scotia solar projects?

PowerBank Corporation is advancing three community solar projects in Sydney, Brooklyn, and West Petpeswick, Nova Scotia, which are expected to generate approximately 14,369 MWh of clean energy annually. The projects will contribute to Nova Scotia’s target of sourcing 80% of its electricity from renewables by 2030.

What are the environmental benefits of these solar projects?

The combined projects are expected to reduce roughly 10,058 tonnes of CO2 annually, equivalent to removing 3,081 passenger vehicles from the road. They will generate clean solar power totaling 12.4 MW DC capacity, supporting Nova Scotia’s renewable energy transition.

When is construction expected to begin on these solar projects?

Construction is targeted to begin in spring 2026, pending final interconnection results and financing. The projects are expected to move into construction once these prerequisites are secured.

What economic benefits will these projects provide to local communities?

The projects are estimated to provide lifetime savings of $6.95 million for local communities. Additionally, they will power the equivalent of 1,140 homes annually with clean energy.

Where exactly in Nova Scotia are these solar projects located?

The three community solar projects are located in Sydney, Brooklyn, and West Petpeswick, Nova Scotia. These locations were selected for their suitability for community solar development.

What is the total energy output capacity of these three projects?

The combined projects will generate 12.4 MW DC of solar power, producing approximately 14,369 megawatt hours of clean energy annually. This output is enough to power the equivalent of 1,140 homes each year.

What are the prerequisites that need to be met before construction can begin?

Construction is contingent on finalizing interconnection results and securing necessary financing. Once these requirements are met, the projects can proceed with construction targeted for spring 2026.

Where can investors find more information about PowerBank Corporation?

The latest news and updates relating to SUUN (PowerBank’s NASDAQ ticker) are available in the company’s newsroom at https://ibn.fm/SUUN. Additional information can be found through the Investor Brand Network at https://www.investorbrandnetwork.com/clients/solarbank-corp/.

How do these projects align with Nova Scotia’s energy goals?

These projects support Nova Scotia’s target of sourcing 80% of its electricity from renewables by 2030. The 12.4 MW DC of solar power will contribute significantly to the province’s renewable energy portfolio.