INDUSTRY // Build. tech
SolarBank advances Nova Scotia’ s clean energy transformation with 2.4 MW Sydney project in Canada
SolarBank, a North American energy infrastructure developer and asset owner, announces the continued execution of its community solar development pipeline with an update on its plans to develop a groundmount solar power project known as the Sydney project totalling 2.4 MW DC located in Nova Scotia. This strategic project will generate approximately 2,730 MWh of clean energy annually – enough to power the equivalent of 221 homes for an entire year while eliminating approximately 1,900 tonnes of C O2 emissions annually, equivalent to removing 415 cars from the road.
" This project underscores SolarBank ' s significant expertise and strategic vision in helping to drive Canada ' s renewable energy transformation," said Dr Richard Lu, President and CEO of SolarBank. " With a proven track record of over a decade in community solar, commercial, and industrial projects, we ' re proud to provide solutions on Nova Scotia ' s ambitious renewable energy transition to deliver meaningful value for stakeholders and communities alike." p
The Project is owned by AI Renewable Flowthrough Fund and SolarBank is the lead developer and builder for the Project. The Project has an estimated value of CAD $ 4.57 million. SolarBank will partner with local Nova Scotia ' s trusted engineering firm, Trimac Engineering, to deliver the Project. SolarBank has been at the forefront of community solar development in the United States with over 50 MW of community solar projects completed and is proud to be deploying its expertise in Canada as the community solar market develops there.
The Sydney project advances SolarBank ' s community solar portfolio with a CAD $ 4.57 million project generating contracted revenues through multiple streams. As developer and EPC contractor for this 2.4 MW facility, SolarBank captures value while minimising capital at risk through partnership with AI Renewable Flowthrough Fund. With permits secured and interconnection underway, construction expected in Spring 2026 positions the Company to generate near-term EPC revenues while building long-term recurring income through O & M contracts.
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