Petpeswick Community Solar Project to Deliver Clean Energy for 288 Homes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: PRnewswire
- Project Overview: The Petpeswick Community Solar Project, with a capacity of 3.15 MW DC, is expected to provide clean energy for approximately 288 homes annually, generating around $1.727 million in electricity savings for the local community, significantly enhancing sustainability efforts.
- Subscription Model Benefits: Utilizing a subscription-based model, the project allows renters, businesses, and homeowners to access $0.02/kWh savings without rooftop installations, lowering barriers to participation in the clean energy transition and fostering broader community engagement.
- Policy Support and Goals: The project aligns with Nova Scotia's goal of achieving 80% renewable energy by 2030, contributing to the reduction of fossil fuel reliance and local economic development as one of only four awarded community solar contracts.
- Development and Partnerships: PowerBank, as the lead developer, collaborates with local engineering firm Trimac Engineering, leveraging its experience from over 50 MW of community solar projects in the U.S. to ensure smooth project execution and future market expansion.
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About PBK
PowerBank Corp, formerly SolarBank Corporation, is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The Company develops solar, battery energy storage systems (BESS) and EV charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. It has a diverse portfolio of projects across multiple North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Petpeswick Community Solar Project to Deliver Clean Energy for 288 Homes
- Project Overview: The Petpeswick Community Solar Project, with a capacity of 3.15 MW DC, is expected to provide clean energy for approximately 288 homes annually, generating around $1.727 million in electricity savings for the local community, significantly enhancing sustainability efforts.
- Subscription Model Benefits: Utilizing a subscription-based model, the project allows renters, businesses, and homeowners to access $0.02/kWh savings without rooftop installations, lowering barriers to participation in the clean energy transition and fostering broader community engagement.
- Policy Support and Goals: The project aligns with Nova Scotia's goal of achieving 80% renewable energy by 2030, contributing to the reduction of fossil fuel reliance and local economic development as one of only four awarded community solar contracts.
- Development and Partnerships: PowerBank, as the lead developer, collaborates with local engineering firm Trimac Engineering, leveraging its experience from over 50 MW of community solar projects in the U.S. to ensure smooth project execution and future market expansion.
See More
PowerBank Corporation Announces New Project Investments
- Project Investment Scale: PowerBank Corporation's construction value for eight distributed solar and energy storage projects in New York and Pennsylvania is estimated at $74.3 million, demonstrating the company's strong investment intent in the renewable energy sector aimed at promoting sustainability.
- Tax Credit Potential: The projects are expected to secure approximately $29.7 million in potential Investment Tax Credits, enhancing the economic viability of the projects and providing positive support for the company's future financial performance.
- Project Scale and Impact: Once operational, these projects are expected to power approximately 3,500 homes, bringing about 30 MW of solar and 31 MWh of energy storage to the U.S., significantly enhancing local energy supply capabilities.
- Strategic Development Direction: PowerBank has secured major equipment orders for transformers necessary for the projects through partnerships with Tier 1 suppliers, indicating the company's strong execution capabilities and future growth potential in the renewable energy market.
See More
PowerBank Corporation Announces New Project Investments
- Project Investment Scale: PowerBank Corporation has signed equipment procurement agreements for eight distributed solar and energy storage projects through its wholly-owned subsidiary, Abundant Solar Power Inc., with a total construction value estimated at $74.3 million, demonstrating the company's strong investment intent in the renewable energy sector.
- Tax Credit Potential: The projects are expected to secure approximately $29.7 million in potential Investment Tax Credits, ensuring eligibility for U.S. federal tax credits by completing construction before the July 4, 2026 deadline, thereby enhancing the company's financial stability.
- Project Scale and Impact: Once operational, these projects are expected to provide approximately 30 MW DC of solar and 31 MWh of energy storage capacity, powering around 3,500 homes and advancing New York's goal of achieving 10 GW of distributed solar and 6 GW of energy storage by 2030.
- Market Competitive Advantage: PowerBank has leveraged strong relationships with Tier 1 suppliers to secure critical equipment procurement, enhancing its position as an Independent Power Producer while laying the groundwork for future project expansions.
See More
PowerBank Positions Itself to Support Canada's AI Strategy
- Government Strategy Support: The Canadian government's AI strategy launched on June 4, 2026, aims for $200 billion in economic growth and 250,000 new AI-related jobs over five years, explicitly identifying energy and natural resources as priority investment sectors, which benefits PowerBank and enhances its market competitiveness.
- AI Infrastructure Investment: In its strategic announcement on June 1, PowerBank emphasized the development of AI compute infrastructure and modular data centers as core strategies, anticipating that these will meet unprecedented power demands, particularly as hyperscale AI data centers become the largest consumers of electricity in history.
- Enterprise AI Deployment: Since July 2025, PowerBank has collaborated with Intellistake to develop AI tools, successfully deploying public and internal AI platforms that enhance decision-making efficiency in renewable energy development, aligning with the government's goal of promoting AI adoption in the energy sector.
- Market Positioning Advantage: With a development pipeline exceeding one gigawatt and years of experience in distributed energy infrastructure, PowerBank is poised to provide reliable on-site power for AI and digital operations, further solidifying its position in the rapidly growing digital economy.
See More
Petpeswick Community Solar Project to Deliver Clean Energy for 288 Homes
- Project Overview: The Petpeswick Community Solar Project, with a capacity of 3.15 MW DC, is expected to provide clean energy for approximately 288 homes annually, generating around $1.727 million in electricity savings for the local community, significantly enhancing sustainability efforts.
- Subscription Model Benefits: Utilizing a subscription-based model, the project allows renters, businesses, and homeowners to access $0.02/kWh savings without rooftop installations, lowering barriers to participation in the clean energy transition and fostering broader community engagement.
- Policy Support and Goals: The project aligns with Nova Scotia's goal of achieving 80% renewable energy by 2030, contributing to the reduction of fossil fuel reliance and local economic development as one of only four awarded community solar contracts.
- Development and Partnerships: PowerBank, as the lead developer, collaborates with local engineering firm Trimac Engineering, leveraging its experience from over 50 MW of community solar projects in the U.S. to ensure smooth project execution and future market expansion.
See More
PowerBank Corporation Announces New Project Investments
- Project Investment Scale: PowerBank Corporation's construction value for eight distributed solar and energy storage projects in New York and Pennsylvania is estimated at $74.3 million, demonstrating the company's strong investment intent in the renewable energy sector aimed at promoting sustainability.
- Tax Credit Potential: The projects are expected to secure approximately $29.7 million in potential Investment Tax Credits, enhancing the economic viability of the projects and providing positive support for the company's future financial performance.
- Project Scale and Impact: Once operational, these projects are expected to power approximately 3,500 homes, bringing about 30 MW of solar and 31 MWh of energy storage to the U.S., significantly enhancing local energy supply capabilities.
- Strategic Development Direction: PowerBank has secured major equipment orders for transformers necessary for the projects through partnerships with Tier 1 suppliers, indicating the company's strong execution capabilities and future growth potential in the renewable energy market.
See More
PowerBank Corporation Announces New Project Investments
- Project Investment Scale: PowerBank Corporation has signed equipment procurement agreements for eight distributed solar and energy storage projects through its wholly-owned subsidiary, Abundant Solar Power Inc., with a total construction value estimated at $74.3 million, demonstrating the company's strong investment intent in the renewable energy sector.
- Tax Credit Potential: The projects are expected to secure approximately $29.7 million in potential Investment Tax Credits, ensuring eligibility for U.S. federal tax credits by completing construction before the July 4, 2026 deadline, thereby enhancing the company's financial stability.
- Project Scale and Impact: Once operational, these projects are expected to provide approximately 30 MW DC of solar and 31 MWh of energy storage capacity, powering around 3,500 homes and advancing New York's goal of achieving 10 GW of distributed solar and 6 GW of energy storage by 2030.
- Market Competitive Advantage: PowerBank has leveraged strong relationships with Tier 1 suppliers to secure critical equipment procurement, enhancing its position as an Independent Power Producer while laying the groundwork for future project expansions.
See More
PowerBank Positions Itself to Support Canada's AI Strategy
- Government Strategy Support: The Canadian government's AI strategy launched on June 4, 2026, aims for $200 billion in economic growth and 250,000 new AI-related jobs over five years, explicitly identifying energy and natural resources as priority investment sectors, which benefits PowerBank and enhances its market competitiveness.
- AI Infrastructure Investment: In its strategic announcement on June 1, PowerBank emphasized the development of AI compute infrastructure and modular data centers as core strategies, anticipating that these will meet unprecedented power demands, particularly as hyperscale AI data centers become the largest consumers of electricity in history.
- Enterprise AI Deployment: Since July 2025, PowerBank has collaborated with Intellistake to develop AI tools, successfully deploying public and internal AI platforms that enhance decision-making efficiency in renewable energy development, aligning with the government's goal of promoting AI adoption in the energy sector.
- Market Positioning Advantage: With a development pipeline exceeding one gigawatt and years of experience in distributed energy infrastructure, PowerBank is poised to provide reliable on-site power for AI and digital operations, further solidifying its position in the rapidly growing digital economy.
See More
