SolarBank Corporation to Develop 6.9 MW Solar Project in Nova Scotia as Part of Province's Renewable Energy Push

SolarBank Corporation (NASDAQ: SUUN) is set to develop a 6.9 MW DC solar project in Brooklyn, Nova Scotia, marking a significant step in the province's renewable energy strategy. The $13.9 million project, owned by AI Renewable Fund, will be constructed in partnership with local firm Trimac Engineering. This initiative demonstrates the growing momentum behind renewable energy development in Atlantic Canada and represents a substantial investment in the region's clean energy infrastructure.

The solar project aligns directly with Nova Scotia's ambitious clean energy objectives, which include reaching 80% renewable energy by 2030 and achieving net-zero emissions by 2035. SolarBank will manage the project's interconnection, permitting, and design phases through 2025, with construction anticipated to commence in spring 2026. This timeline positions the project to contribute meaningfully to the province's intermediate renewable energy targets while supporting long-term climate goals.

As part of Canada's inaugural Community Solar Program, this development represents a strategic approach to expanding renewable energy infrastructure that benefits local communities. The project exemplifies SolarBank's commitment to distributed and community solar projects across North America, demonstrating how targeted renewable energy investments can support both environmental objectives and local economic development. The company's partnership with Trimac Engineering ensures local expertise and involvement in the project's execution.

SolarBank has disclosed a shares-for-services agreement with an independent advisor, valued at up to $100,000 USD monthly, tied to strategic growth and advisory milestones. This arrangement underscores SolarBank's focus on expanding its renewable energy portfolio through strategic partnerships and expert guidance. With a potential development pipeline exceeding one gigawatt and previous experience developing renewable energy projects totaling over 100 megawatts, SolarBank continues to position itself as a significant player in the clean energy sector, particularly in the growing market for community-based solar initiatives.