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 as part of Canada's first Community Solar Program. This project is expected to generate enough clean energy to power approximately 900 homes, contributing significantly to Nova Scotia's ambitious targets of achieving 80% renewable energy by 2030 and net-zero emissions by 2035. The Brooklyn solar project represents a major step forward in Canada's renewable energy infrastructure and demonstrates the growing importance of community solar programs in achieving environmental sustainability goals.
The 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, leveraging its extensive experience in community solar development in the United States to bring this project to fruition in Canada. The construction timeline calls for work to commence in Spring 2026 with completion expected by Summer 2026, and the total development cost is estimated at $13.9 million. This initiative underscores SolarBank's commitment to advancing renewable energy solutions while highlighting the potential for public and private sector collaboration in meeting renewable energy targets.
By providing clean, renewable energy to hundreds of homes, the project represents a tangible advancement in the fight against climate change and the transition toward a greener economy. The development aligns with broader environmental objectives and showcases how community-based renewable energy projects can contribute to regional sustainability efforts. The project's scale and timing position it as a significant contributor to Nova Scotia's renewable energy portfolio, potentially serving as a model for future community solar initiatives across Canada. This development comes at a critical time as provinces work to meet their climate commitments and transition away from fossil fuel dependence.
Curated from InvestorBrandNetwork (IBN)
