SolarBank Corporation Launches 6.9 MW Community Solar Project in Nova Scotia
TL;DR
SolarBank's 6.9 MW Brooklyn solar project in Nova Scotia offers investors a unique opportunity to capitalize on Canada's first Community Solar Program and renewable energy incentives.
SolarBank will develop a 6.9 MW solar project in Nova Scotia, starting Spring 2026, to power 900 homes under Canada's Community Solar Program, costing $13.9 million.
The Brooklyn solar project by SolarBank supports Nova Scotia's renewable energy goals, aiming for 80% by 2030, and contributes to a cleaner, sustainable future.
Discover how SolarBank's innovative 6.9 MW Brooklyn solar project in Nova Scotia is setting a precedent for community solar initiatives in Canada.
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SolarBank Corporation has announced its latest initiative to develop a 6.9 megawatt community solar project in Brooklyn, Nova Scotia. This project represents a significant milestone as part of Canada's first Community Solar Program and is expected to generate enough clean energy to power approximately 900 homes. The initiative directly supports Nova Scotia's ambitious targets of achieving 80% renewable energy by 2030 and net-zero emissions by 2035, positioning the province as a leader in Canada's clean energy transition.
The Brooklyn solar project is owned by AI Renewable Fund, which has secured two of the three contracts awarded under the Community Solar Program to date. SolarBank will serve as both developer and builder for the project, bringing its extensive experience in community solar development from the United States to the Canadian market. This cross-border expertise transfer highlights the growing global nature of renewable energy development and the importance of leveraging international best practices in local contexts. The construction timeline is scheduled to begin in Spring 2026 with completion expected by Summer 2026, representing a relatively rapid implementation schedule for projects of this scale.
With a total development cost estimated at $13.9 million, this project demonstrates the substantial financial investment required to advance renewable energy infrastructure. The initiative underscores SolarBank's commitment to advancing renewable energy solutions while highlighting the critical role of community solar programs in achieving environmental sustainability goals. By providing clean, renewable energy to hundreds of homes, the project represents a tangible step forward in combating climate change and accelerating the transition toward a greener economy. Furthermore, it showcases the potential for effective public and private sector collaboration in meeting renewable energy targets and fostering sustainable development practices that benefit both local communities and the broader environment.
Curated from InvestorBrandNetwork (IBN)
