PowerBank Advances Three Nova Scotia Community Solar Projects with $6.95 Million in Potential Savings

PowerBank Corporation has announced significant progress on three community solar projects located in Sydney, Brooklyn, and West Petpeswick, Nova Scotia. The projects, developed in partnership with Trimac Engineering and owned by AI Renewable Flow-through Fund, are expected to receive interconnection results within the next 30 days, with construction targeted to begin in spring 2026 pending positive results and secured financing.

The three projects will contribute 12.4 MW DC toward Nova Scotia's renewable energy goals while generating up to $6.95 million in lifetime electricity savings for local communities. This development supports job creation, enhances grid reliability, and contributes to emissions reductions in the region. The advancement of these projects underscores PowerBank's expertise in delivering community solar infrastructure across North America and positions the company for further growth in Canada's emerging clean energy market.

PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The company develops solar and Battery Energy Storage System projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. With a potential development pipeline of over one gigawatt, PowerBank has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.

This announcement represents an important step in Nova Scotia's transition to renewable energy sources and demonstrates the economic benefits that community solar projects can bring to local communities through substantial electricity cost savings and job opportunities. For additional information about forward-looking statements and risk factors, please refer to https://ibn.fm/m1Rpy.