PowerBank Announces 4 MW Solar Project in North Bruce Peninsula, Ontario

PowerBank Corporation, a leader in independent energy development and asset ownership in North America, is pleased to announce it has executed a new lease agreement for a 4 MW ground-mount solar project known as the ON-765 West Solar Project  in North Bruce Peninsula, Ontario. The Project is expected to generate enough clean electricity to power the equivalent of approximately 640 homes in the province once operational. ON-765 is expected to be eligible for the Clean Technology Investment Tax Credit, offered by the Canadian federal government, which provides eligible corporations with a refundable tax credit of up to 30% of the capital cost of qualifying clean energy investments, including solar and energy storage equipment.

As artificial intelligence, electrification, and broader digital infrastructure growth place unprecedented new demands on Ontario's electricity grid, distributed energy projects like ON-765 West are becoming an increasingly important part of the province's energy mix. Unlike large, centralized generation facilities, distribution-level solar projects add capacity in smaller increments across many points on the grid, closer to where power is actually consumed, reducing strain on transmission infrastructure and losses along the way. This model can also improve grid resiliency and often be brought online faster than utility-scale projects, which frequently face years-long interconnection and permitting timelines. As demand grows, a broad base of distributed generation helps ensure power availability keeps pace without relying solely on a small number of large projects.

PowerBank's proven expertise, with over 100 MW of completed projects and a development pipeline exceeding 1 GW, underpins the project's execution. Strategic partnerships and institutional-grade development capabilities position PowerBank to deliver reliable, high-impact energy solutions.

PowerBank | www.powerbankcorp.com