Curated News
By: NewsRamp Editorial Staff
May 27, 2025
SolarBank Corporation to Develop 6.9 MW Solar Project in Nova Scotia Under Community Solar Program
TLDR
- SolarBank (NASDAQ: SUUN) to develop 6.9 MW DC Brooklyn solar project in Nova Scotia, tapping into Canada's Community Solar Program for a strategic advantage.
- SolarBank will handle interconnection, permitting, and design until 2025, with construction set to start in spring 2026, ensuring a meticulous project execution.
- SolarBank's project supports Nova Scotia's goal of 80% renewable energy by 2030 and net-zero by 2035, contributing to a sustainable and cleaner future for all.
- SolarBank disclosed a shares-for-services agreement worth up to $100,000 USD per month, emphasizing innovative growth strategies and financial milestones.
Impact - Why it Matters
This news highlights SolarBank Corporation's commitment to renewable energy development and its role in supporting Nova Scotia's renewable energy goals. The project not only contributes to reaching 80% renewable energy by 2030 and net-zero by 2035 but also signifies a significant step towards sustainable energy practices in the region.
Summary
SolarBank Corporation will develop the 6.9 MW DC Brooklyn solar project in Nova Scotia under Canada’s first Community Solar Program. Owned by AI Renewable Fund, the $13.9 million project will be built in partnership with local firm Trimac Engineering. SolarBank will oversee interconnection, permitting, and design through 2025, with construction expected to begin in spring 2026. The company also disclosed a shares-for-services agreement with an independent advisor valued at up to $100,000 USD per month, tied to strategic growth and advisory milestones.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, SolarBank Corporation to Develop 6.9 MW Solar Project in Nova Scotia Under Community Solar Program
