SolarBank Advances 2.4 MW Community Solar Project in Nova Scotia
TL;DR
SolarBank's 2.4 MW DC Sydney project in Nova Scotia offers investors a stake in a $4.57 million venture with potential for engineering revenues and long-term maintenance contracts.
SolarBank's Sydney project, developed with AI Renewable Flow-through Fund and Trimac Engineering, will produce 2,730 MWh annually, powering 221 homes and offsetting 1,900 tons of CO₂.
SolarBank's Nova Scotia project supports the transition to 80% renewable energy by 2030, reducing carbon emissions and powering homes with clean energy.
Discover how SolarBank's innovative Sydney project in Nova Scotia is set to transform sunlight into enough energy to power 221 homes annually.
Found this article helpful?
Share it with your network and spread the knowledge!
SolarBank Corporation has announced notable advancements in its 2.4 MW DC Sydney project located in Nova Scotia. This initiative marks a significant step in the company's expansion within the Canadian community solar sector. The project, developed in collaboration with AI Renewable Flow-through Fund and Trimac Engineering, is valued at $4.57 million and is expected to generate 2,730 MWh of clean energy annually. This output is sufficient to power approximately 221 homes and offset 1,900 tons of CO₂ emissions each year.
Construction of the Sydney project is scheduled to commence in the spring of 2026, with SolarBank taking on the roles of developer and EPC contractor. The company anticipates generating engineering revenues in the near term and securing long-term income through operations and maintenance contracts. This project aligns with Nova Scotia's ambitious target of achieving 80% renewable energy by 2030, showcasing SolarBank's commitment to supporting sustainable energy solutions.
SolarBank Corporation specializes in the development and ownership of renewable and clean energy projects, with a focus on distributed and community solar initiatives across Canada and the USA. The company's portfolio includes solar, Battery Energy Storage System (BESS), and EV Charging projects that supply electricity to a diverse range of off-takers, including utilities, commercial, industrial, municipal, and residential customers. With a potential development pipeline exceeding one gigawatt and over 100 megawatts of built capacity, SolarBank is at the forefront of driving the transition to renewable energy in North America.
The Sydney project not only represents a significant investment in Nova Scotia's renewable energy infrastructure but also highlights the growing importance of community solar projects in achieving environmental sustainability and energy independence. By leveraging partnerships and innovative technologies, SolarBank is contributing to the reduction of carbon emissions and the promotion of clean energy, setting a benchmark for future projects in the region and beyond.
Curated from InvestorBrandNetwork (IBN)
