FAQ: PowerBank Corporation's $1.74 Million Grant for Nova Scotia Community Solar Projects
Summary
What is the main announcement from PowerBank Corporation?
PowerBank Corporation has secured a $1.74 million government grant to support the development of three community solar projects in Nova Scotia, which will generate a combined 12.4 MW DC of clean energy.
Where are these solar projects located?
The projects are located in Sydney, Brooklyn, and Petpeswick, Nova Scotia.
Who is providing the funding for these projects?
The funding is provided by Nova Scotia’s Department of Energy and managed by Net Zero Atlantic.
What role does PowerBank play in these projects?
PowerBank is the lead developer for the owner and is working alongside local partner Trimac Engineering.
How much clean energy will these projects generate?
The three projects will generate a combined 12.4 megawatts of direct current (DC) electricity.
What is the significance of these projects in Canada’s energy goals?
These projects are part of Canada’s first Community Solar Program, which supports the target of achieving 80% renewable energy by 2030.
What is PowerBank’s experience in renewable energy projects?
PowerBank has completed over 100 MW of projects and holds a pipeline exceeding 1 GW across North America, specializing in distributed and community solar initiatives.
Where can investors find more information about PowerBank Corporation?
The latest news and updates relating to SUUN (PowerBank’s NASDAQ ticker) are available in the company’s newsroom at https://ibn.fm/SUUN.
Who disseminated this announcement?
The announcement was disseminated on behalf of PowerBank Corporation by TechMediaWire, which is part of the InvestorBrandNetwork’s Dynamic Brand Portfolio.
This story is based on an article that was registered on the blockchain. The original source content used for this article is located at InvestorBrandNetwork (IBN)
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