en.Wedoany.com Reported - PowerBank Corporation announced the signing of a Standard Small Generator Interconnection and Operating Agreement (SSGIA) for the 3.15 MW DC Petpeswick ground-mounted community solar project in Halifax, Nova Scotia. The project has received municipal permits and is now entering the environmental permitting phase. The Petpeswick project is expected to power approximately 288 homes annually and save the local community about CAD 1.727 million in electricity costs over its entire lifecycle.
The SSGIA is a formal contract that allows smaller-scale generation projects to connect to the grid and operate, specifying the technical and safety rules for physical connection as well as who bears the costs of grid upgrades. Signing this agreement is a key project milestone, confirming a clear and approved pathway to deliver solar energy to the Nova Scotia grid before construction begins.
The project is owned by the AI Renewable Flow-through Fund, with PowerBank serving as the lead developer and collaborating with Trimac Engineering, a local Nova Scotia engineering firm, for delivery. PowerBank plans to initiate site preparation in the fall of 2026, subject to final permits and financing.
Community solar is a cornerstone of Nova Scotia's goal to achieve 80% renewable energy by 2030 and its net-zero emissions commitment by 2035. Unlike traditional rooftop systems, this project uses a subscription model, allowing tenants, businesses, and homeowners to receive a CAD 0.02 per kWh electricity bill credit without installing any equipment. As one of only four community solar contracts awarded under this program to date, the Petpeswick project will contribute approximately 3.15 MW DC of power to the planned 100 MW AC of new solar capacity, helping to reduce fossil fuel dependence and drive local economic development.
PowerBank has completed over 50 MW of community solar projects in the United States and, as the Canadian market develops, is deploying its institutional-grade development expertise in Atlantic Canada. The company has over 100 MW of built projects and a development pipeline exceeding 1 GW. Project development remains subject to multiple risks, including securing contracts and permits, availability of third-party financing, and potential changes in government policies.
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