SolarBank Advances Nova Scotia's Clean Energy Transformation with 2.4 MW Sydney Project in Canada

Project to Power Equivalent of 221 Homes Annually 
Over $1.36 Millions in Combined Customer Savings over 25 Year Term

TORONTO, June 16, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company"), 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 ground-mount solar power project known as the Sydney project (the "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 tons of CO² emissions annually, equivalent to removing 415 cars from the road.

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