SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) to Develop 6.9 MW Community Solar Project in Nova Scotia

Austin, Texas, United States, June 4th, 2025, FinanceWire

Disseminated on behalf of SolarBank Corporation

• SolarBank has announced it will develop a 6.9 MW Brooklyn solar project, located in Nova Scotia and expected to power approximately 900 homes, under Canada’s first Community Solar Program.
• The initiative supports Nova Scotia’s target of 80% renewable energy by 2030 and net-zero emissions by 2035.
• AI Renewable Fund owns the project; SolarBank serves as developer and builder.
• Construction is scheduled to begin in Spring 2026 and complete by Summer 2026, with total development cost estimated at $13.9 million.

SolarBank SUUN (Cboe CA: SUNN) GY, 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…

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For more information, visit the company’s website at SolarBankCorp.com. This report contains forward-looking information. Please refer to https://ibn.fm/G76GJ for additional details.

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