SolarBank to Develop 6.9 MW Community Solar Project in Nova Scotia

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 development represents a substantial investment in Nova Scotia's clean energy infrastructure and demonstrates the growing importance of solar power in Canada's energy mix.

The solar initiative aligns 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. The strategic timing ensures the project will be operational during critical years of Nova Scotia's energy transition.

As part of Canada's inaugural Community Solar Program, this project represents a strategic approach to expanding renewable energy infrastructure. The development demonstrates SolarBank's commitment to distributed and community solar projects across North America. Community solar projects like this one enable broader participation in renewable energy adoption by allowing multiple stakeholders to benefit from solar generation without requiring individual rooftop installations. This model has proven effective in increasing renewable energy access while maintaining grid stability and reliability.

The company 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. 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. The Nova Scotia project represents both an immediate contribution to renewable energy generation and a strategic foothold in the expanding Canadian solar market.