Business
6.9 MW Brooklyn Project in Development by SolarBank in Nova Scotia, Canada
SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to provide an update on its plans to develop a ground-mount solar power project known as the Brooklyn project (the "Project") totalling 6.9 MW DC located in Nova Scotia. The Project is owned by AI Renewable Fund and SolarBank is the developer and builder for the projects at a total estimated cost of with a total cost of $13.9M. SolarBank will partner with local Nova Scotia firm, Trimac Engin
About this update from Powerbank Corporation
[{"type":"text","content":"900 Homes Expected to be Powered by this Community Solar Project","length":64,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, May 27, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to provide an update on its plans to develop a ground-mount solar power project known as the Brooklyn project (the "Project") totalling 6.9 MW DC located in Nova Scotia. The Project is owned by AI Renewable Fund and SolarBank is the developer and builder for the projects at a total estimated cost of with a total cost of $13.9M. SolarBank will partner with local Nova Scotia firm, Trimac Engineering, to deliver the Project.","length":603,"tagName":"p"},{"type":"text","content":""As the project developer, we are excited to work alongside our local partner Trimac Engineering and the province's dedicated team to help bring clean, affordable energy to communities across Nova Scotia." Said Richard Lu, President and CEO of SolarBank, "With over a decade of proven experience in solar development and operations—including community solar, commercial and industrial installations, and other government-led initiatives—SolarBank brings the expertise needed to the successful implementation of Nova Scotia's Community Solar projects."","length":579,"tagName":"p"},{"type":"text","content":"The Project is being developed under the Nova Scotia Community Solar Program (CSP), the first CSP in Canada, supporting Nova Scotia's commitment to 80% renewable energy by 2030 and reaching net-zero by 2035. The program aims to add 100 MW of solar generation to the grid to help reduce reliance on fossil fuels, mitigate climate change and foster local economic growth. The clean energy generated by community solar projects feeds directly into the local electricity grid. Depending on the size and number of panels a community solar project has, renters, and business or homeowners can earn credits on their electric bill and save $0.02/kWh from the electricity that is generated by a project. So far, the NS CSP has only granted three CSP Contracts, totalling 7.05MW AC. AI Renewable won two Contracts, size of 6.5MW AC, as a result of the Company's solar development expertise.","length":893,"tagName":"p"},{"type":"text","conte...