Business
Community Solar Projects Receive $1.74 Million Grant from Net Zero Atlantic
PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") is pleased to announce that Sydney, Brooklyn, and Petpeswick Community Solar projects (the "Projects") in Nova Scotia were granted $1.74 million in funding through the Nova Scotia Department of Environment and Climate Changes provided by the Nova Scotia Department of Energy and managed by the Net Zero Atlantic program.
About this update from Powerbank Corporation
[{"type":"text","content":"Funding to be used for the development of 3 Community Solar projects, generating a total of 12.4 MW DC.","length":103,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Aug. 19, 2025 /PRNewswire/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") is pleased to announce that Sydney, Brooklyn, and Petpeswick Community Solar projects (the "Projects") in Nova Scotia were granted $1.74 million in funding through the Nova Scotia Department of Environment and Climate Changes provided by the Nova Scotia Department of Energy and managed by the Net Zero Atlantic program.","length":488,"tagName":"p"},{"type":"image","alt":"PowerBank Logo (CNW Group/PowerBank Corporation)","displaySize":"","headline":null,"caption":"PowerBank Logo (CNW Group/PowerBank Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":130,"url":"https://media.zenfs.com/en/prnewswire.com/6867a22173c6761bb693d5d6ae59de5d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/p1hzMCD8gvBP_.LSqm.M0A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6867a22173c6761bb693d5d6ae59de5d","width":400,"height":130}},"href":"https://mma.prnewswire.com/media/2752942/PowerBank_Corporation_Community_Solar_Projects_Receive__1_74_Mil.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Net Zero Atlantic is a leading research organization with a team of scientists, engineers and project mangers working to support the energy transition and respond to climate change. Their purpose is to advance a sustainable and inclusive transition to a carbon-neutral Atlantic Canada by 2050 through the provision of credible and objective data and support services.","length":372,"tagName":"p"},{"type":"text","content":"Under the grant, the Company will receive $340k for the Sydney Solar Project, $440k for the Petpeswick Solar Project, and $960k for the Brooklyn Solar Project. The Projects are 48% owned by AI Renewable Flow-through Fund, and 52% owned by a non-profit organization or Potlotek First nation. PowerBank is the lead developer and builder for the Projects, and PowerBank will partner with local Nova Scotia's trusted engineering firm, Trimac Engineering, to deliver the Projects. PowerBank ...