Tuesday, 02 January 2024 12:17 GMT

Powerbank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), Announces $1.74 Million Grant To Advance Nova Scotia Community Solar Projects, For Which Powerbank Is Lead Developer


(MENAFN- Investor Brand Network)
  • The three projects, Sydney, Brooklyn, and Petpeswick, will generate a combined 12.4 MW DC of clean energy.
  • Funding is provided by Nova Scotia's Department of Energy and managed by Net Zero Atlantic.
  • PowerBank is the lead developer for the owner, working alongside local partner Trimac Engineering.
  • The projects are part of Canada's first Community Solar Program, targeting 80% renewable energy by 2030.
  • PowerBank has completed over 100 MW of projects and holds a pipeline exceeding 1 GW across North America.

Disseminated on behalf of PowerBank Corporation

PowerBank (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., secured $1.74 million in government funding to support three community solar projects across Nova Scotia. According to the company's announcement, the Sydney, Brooklyn, and Petpeswick projects, once operational, will generate a total of 12.4 megawatts (“MW”) of direct current (“DC”) electricity, feeding clean power directly into the local grid ( ).

The funding is being distributed under the Nova Scotia Department of Environment and Climate Change, administered by the Department of Energy and managed by Net Zero Atlantic. The breakdown of...

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NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company's newsroom at

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