SolarBank Corporation Advances Nova Scotia's Renewable Energy Goals with New Solar Project
TL;DR
SolarBank (NASDAQ: SUUN) to develop 6.9 MW DC Brooklyn solar project in Nova Scotia, tapping into Canada's Community Solar Program for a strategic advantage.
SolarBank will handle interconnection, permitting, and design until 2025, with construction set to start in spring 2026, ensuring a meticulous project execution.
SolarBank's project supports Nova Scotia's goal of 80% renewable energy by 2030 and net-zero by 2035, contributing to a sustainable and cleaner future for all.
SolarBank disclosed a shares-for-services agreement worth up to $100,000 USD per month, emphasizing innovative growth strategies and financial milestones.
Found this article helpful?
Share it with your network and spread the knowledge!
SolarBank Corporation (NASDAQ: SUUN) is making strides in Nova Scotia's renewable energy sector with the development of a 6.9 MW DC solar project in Brooklyn. This $13.9 million initiative, owned by AI Renewable Fund and constructed in collaboration with Trimac Engineering, is a pivotal component of Nova Scotia's strategy to achieve 80% renewable energy by 2030 and net-zero emissions by 2035. The project, which SolarBank will oversee through its interconnection, permitting, and design phases until 2025, is expected to break ground in spring 2026.
This endeavor is part of Canada's first Community Solar Program, highlighting a strategic effort to enhance renewable energy infrastructure. SolarBank's involvement reflects its dedication to fostering distributed and community solar projects throughout North America. The company has also entered into a shares-for-services agreement with an independent advisor, valued at up to $100,000 USD monthly, contingent upon achieving strategic growth and advisory milestones. This agreement emphasizes SolarBank's ambition to broaden its renewable energy portfolio.
With a development pipeline that could exceed one gigawatt and a track record of developing over 100 megawatts in renewable energy projects, SolarBank is reinforcing its role as a key player in the clean energy industry. For more information on SolarBank's projects and initiatives, visit https://www.solarbankcorp.com.
Curated from InvestorBrandNetwork (IBN)
