PowerBank Secures $1.74M for Nova Scotia Solar Projects

PowerBank Corporation (NASDAQ: SUUN, Cboe CA: SUNN, FSE: GY2), a leading developer and owner of renewable energy projects across Canada and the United States, has secured $1.74 million in government funding to advance three community solar initiatives in Nova Scotia. The funding, provided by Nova Scotia’s Department of Energy and managed by Net Zero Atlantic, supports the Sydney, Brooklyn, and Petpeswick projects, which will collectively generate 12.4 megawatts of direct current electricity upon completion. PowerBank serves as the lead developer for these projects, collaborating with local partner Trimac Engineering to integrate clean power directly into the local grid.

These projects are a cornerstone of Canada’s first Community Solar Program, aligning with the nation’s ambitious target of achieving 80% renewable energy by 2030. PowerBank’s extensive experience, having completed over 100 MW of renewable energy projects and maintaining a pipeline exceeding 1 GW across North America, positions it as a key player in the transition to sustainable energy. The announcement was disseminated through TechMediaWire, part of the Dynamic Brand Portfolio at IBN, which ensures broad distribution and enhanced visibility for such groundbreaking news.

The funding breakdown and further details can be explored through the provided hyperlink, highlighting the strategic importance of this initiative. This development not only underscores PowerBank’s commitment to expanding renewable energy infrastructure but also demonstrates the critical role of public-private partnerships in driving environmental progress. As communities increasingly prioritize sustainability, projects like these pave the way for a cleaner, more resilient energy future, benefiting both local economies and the global fight against climate change.