PowerBank Corporation announced the execution of a grid interconnection agreement for its 2.43 MW Sydney community solar project in Nova Scotia, targeting construction commencement in Fall 2026.
Key takeaways
Company executed the Standard Small Generator Interconnection and Operating Agreement (SSGIA) for the Sydney ground-mounted community solar project.
The Sydney project is approximately 2.43 MW DC and is expected to generate clean energy equivalent to 222 homes annually.
PowerBank targets commencement of ground preparation in Fall 2026, subject to final permitting and financing.
The Project is owned by AI Renewable Flow-through Fund; PowerBank serves as the lead developer.
Over its lifetime, the Project is expected to generate approximately $1.79 Million in electricity savings for the local community.
The project advances Nova Scotia's goal to achieve 80% renewable energy by 2030.