PowerBank Clears 2.43 MW Interconnection for Sydney Solar, $1.79 M Savings
PowerBank has executed the Standard Small Generator Interconnection and Operating Agreement for its 2.43 MW Sydney community solar project in Nova Scotia after receiving municipal permits, targeting Fall 2026 ground preparation. The facility is expected to generate $1.79 million in electricity savings over its lifetime and advance Nova Scotia’s 80% renewable energy target by 2030.
1. Interconnection Milestone
PowerBank has executed the Standard Small Generator Interconnection and Operating Agreement (SSGIA) for the 2.43 MW Sydney community solar project in Cape Breton, marking a critical grid connection milestone. The company has also secured all required municipal permits, enabling the project to proceed to environmental and final approvals.
2. Project Timeline and Partnerships
Subject to final permitting and financing, PowerBank plans to commence ground preparation in Fall 2026. The project is owned by AI Renewable Flow-through Fund with PowerBank as lead developer and delivered in partnership with Trimac Engineering, a Nova Scotia–based engineering firm.
3. Community Benefits and Renewable Targets
Over its operational lifetime, the Sydney project is expected to deliver $1.79 million in electricity savings to local residents through bill credits of $0.02/kWh. It will support local job creation and contribute to Nova Scotia’s goal of 80% renewable energy by 2030 and net-zero emissions by 2035.