PowerBank's First Solar Project Under Development for Fiera Real Estate Reaches Commercial Operation
Rhea-AI Summary
PowerBank (NASDAQ:SUNN) announced its 1.45 MW DC rooftop solar project in Calgary, Alberta reached commercial operation on Dec 18, 2025. The project was developed for Fiera Real Estate, which manages $12.0 billion USD in commercial real estate, and will sell power under Alberta's Small Scale Generation program while participating in the province's TIER system to generate carbon offsets.
This installation is PowerBank's first operational project in Alberta and marks its debut as a small-scale generator within the AIES in 2025; PowerBank provided full-service development and EPC under an agreement supported by Zathura Investments.
Positive
- 1.45 MW DC rooftop project reached commercial operation on Dec 18, 2025
- First operational project in Alberta and AIES debut in 2025
- Project will generate carbon offsets under TIER and sell to grid
Negative
- Project is small-scale at 1.45 MW, limiting near-term revenue contribution
Key Figures
Market Reality Check
Market Pulse Summary
This announcement details PowerBank’s first operational project in Alberta, a 1.45 megawatt rooftop solar installation in Calgary for Fiera Real Estate, which manages $12.0 billion in commercial real estate. The project participates in Alberta’s programs to sell power and generate carbon offsets and supports funds targeting net zero carbon by 2040. Investors may watch how this pilot translates into additional mandates and portfolio growth.
Key Terms
megawatt technical
AI-generated analysis. Not financial advice.
1.45-Megawatt rooftop project completed as a pilot project
The Project will sell power to the grid under
Contributing to Fiera Real Estate's commitment to its Net Zero Pathway, where two of its funds have established targets of net zero carbon by 2040, as well as further expanding the PowerBank portfolio, this project is PowerBank's first operational project in
About Fiera Real Estate
Fiera Real Estate, a wholly owned subsidiary of Fiera Capital, is a leading investment management company that, together with its affiliates, offers a global platform with a presence across
In connection with this transaction, the Company will issue a total of 10,089 shares to an arm's length third party as a service fee in connection with the introduction of Fiera. The issuance of shares is subject to final acceptance of the Cboe Canada Exchange Inc. and all shares issued thereunder will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation.
About PowerBank Corporation
PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in
About Zathura Investments
Zathura Investments is a trusted partner of landlords across
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. In particular and without limitation, this news release contains forward-looking statements pertaining to the Company's expectations regarding its industry trends and overall market growth; the Company's growth strategies the expected energy production from the solar power project mentioned in this press release; the completion of additional projects for Fiera; the goals of long-term growth and contribution to the global energy transition; advancement of sustainability initiatives for partners and communities; and the receipt of incentives for the Project. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and services offered by the Company's competitors; that the Company's current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.
Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under "Forward-Looking Statements" and "Risk Factors" in the Company's most recently completed Annual Information Form, and other public filings of the Company, which include: the Company may be adversely affected by volatile solar power market and industry conditions; the execution of the Company's growth strategy depends upon the continued availability of third-party financing arrangements; the Company's future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company's project development and construction activities may not be successful; developing and operating solar projects exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements ("PPAs") and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company's effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company's results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation; unexpected warranty expenses that may not be adequately covered by the Company's insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any resurgence of COVID-19 on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
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SOURCE PowerBank Corporation
FAQ
What is the size and location of PowerBank's new solar project (SUNN)?
When did PowerBank's Calgary project for Fiera Real Estate reach commercial operation?
How will PowerBank sell power from the Calgary project (SUNN)?
Will the Calgary project generate carbon credits or offsets for Fiera Real Estate?
What role did PowerBank play in the Calgary rooftop project for Fiera Real Estate?
Does the Calgary project mark a strategic milestone for PowerBank (SUNN)?
