Disseminated on behalf of SolarBank Corporation
SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., has announced its role as developer and builder for a 6.9 megawatt (“MW”) Brooklyn Project in Nova Scotia, a community solar initiative set to power around 900 homes. The development is part of Canada’s first Community Solar Program (“CSP”) (https://ibn.fm/01vZx). SolarBank has considerable expertise in community solar development in the United States and it is now deploying that expertise in Canada where there remain significant government support and incentives for renewable energy projects.
The project is owned by AI Renewable Fund, which secured two of the three CSP contracts granted to date, totaling 6.5 MW AC. SolarBank will lead the engineering and construction effort in partnership with local firm Trimac Engineering. The total project cost is estimated at $13.9 million.
The Nova Scotia Community Solar Program is central to the province’s plan to reach 80% renewable energy by 2030 and achieve net-zero emissions by 2035. The program aims to add 100 MW of solar power to the grid, with community-based installations that allow residents and businesses to subscribe and receive credits on their electricity bills. Participants save roughly $0.02 per kilowatt-hour for energy generated, without the need to install their own solar panels.
Community solar projects such as Brooklyn are designed to democratize access to renewable energy. Renters and homeowners who are otherwise unable to deploy solar on their own property can benefit from shared clean energy infrastructure. As the developer, SolarBank will now proceed through the permitting phase and initiate technical work including interconnection studies with Nova Scotia Power Inc.
Construction is expected to begin in Spring 2026, with completion targeted for the summer. The Brooklyn site has a secured lease, enabling SolarBank and its partners to move forward with design and engineering in the coming months. This includes in-depth feasibility studies, finalization of the solar layout, and grid integration assessments.
Richard Lu, President and CEO of SolarBank, commented that the company’s long-standing experience in solar development positioned it well for projects under Nova Scotia’s CSP. “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,” Lu said. “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.”
For more information, visit the company’s website at SolarBankCorp.com.
This report contains forward looking information. Please refer to the press release entitled “6.9 MW Brooklyn Project in Development by SolarBank in Nova Scotia” for additional details on the information, risks and assumptions.
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN
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