SolarBank to Develop 6.9 MW Community Solar Project in Nova Scotia Supporting Provincial Clean Energy Goals

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 initiative represents a strategic approach to expanding renewable energy infrastructure as part of Canada's inaugural Community Solar Program, demonstrating SolarBank's commitment to distributed and community solar projects across North America.

The solar project aligns directly 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 the longer-term net-zero goal.

The development underscores SolarBank's strategic focus on expanding its renewable energy portfolio, evidenced by the company's disclosure of a shares-for-services agreement with an independent advisor valued at up to $100,000 USD monthly, tied to strategic growth and advisory milestones. 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 Brooklyn project serves as a tangible example of how community-scale solar development can support provincial energy transitions while creating local economic opportunities through partnerships with regional engineering firms.