SolarBank Corporation Launches 6.9 MW Community Solar Project in Nova Scotia
TL;DR
SolarBank's 6.9 MW Brooklyn solar project in Nova Scotia offers investors a unique opportunity to capitalize on Canada's first Community Solar Program and renewable energy incentives.
SolarBank will develop a 6.9 MW solar project in Nova Scotia, starting Spring 2026, to power 900 homes under Canada's Community Solar Program, costing $13.9 million.
The Brooklyn solar project by SolarBank supports Nova Scotia's renewable energy goals, aiming for 80% by 2030, and contributes to a cleaner, sustainable future.
Discover how SolarBank's innovative 6.9 MW Brooklyn solar project in Nova Scotia is setting a precedent for community solar initiatives in Canada.
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SolarBank Corporation has announced its latest initiative to develop a 6.9 megawatt community solar project in Brooklyn, Nova Scotia. This project represents a significant milestone as part of Canada's first Community Solar Program and is expected to generate enough clean energy to power approximately 900 homes. The development contributes substantially to Nova Scotia's ambitious targets of achieving 80% renewable energy by 2030 and net-zero emissions by 2035, marking an important advancement in the province's clean energy transition.
The Brooklyn solar project is owned by AI Renewable Fund, which has secured two of the three contracts awarded under the Community Solar Program to date. SolarBank will serve as both developer and builder for the initiative, bringing its extensive experience in community solar development from the United States to the Canadian market. This cross-border expertise transfer represents a valuable opportunity to leverage proven solar development strategies in a new market context. The construction timeline is scheduled to begin in Spring 2026 with completion expected by Summer 2026, representing a relatively rapid implementation schedule for renewable energy infrastructure of this scale.
The total development cost for the project is estimated at $13.9 million, representing a substantial investment in Nova Scotia's renewable energy infrastructure. This initiative underscores SolarBank's commitment to advancing renewable energy solutions while highlighting the growing importance of community solar programs in achieving environmental sustainability goals. By providing clean, renewable energy to hundreds of homes, the project represents a tangible step forward in addressing climate change concerns and accelerating the transition toward a greener economy. The project also demonstrates the potential for effective public and private sector collaboration in meeting renewable energy targets and fostering sustainable development practices that benefit local communities while contributing to broader environmental objectives.
Curated from InvestorBrandNetwork (IBN)
