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Production / Operations

Powerbank completes first Alberta solar project

By The Northwire Desk — AI Analysis Dec 18, 2025 · 16:43 SUNN · 2.07 Powerbank Corp
SUNN · Price

Executive Summary

  • Powerbank Corp. has achieved commercial operation for its first solar project in Alberta, a 1.45-megawatt DC rooftop installation located in Calgary for client Fiera Real Estate Investments Ltd.
  • The project marks Powerbank's debut as a small-scale generator within the Alberta Interconnected Electric System (AIES) in 2025 and contributes to Fiera Real Estate’s Net Zero Pathway targets.
  • Powerbank provided full-service development and EPC services for the project with support from Zathura Investments, while the project participates in Alberta’s small-scale generation program and TIER system for carbon offsets.

Key Details

  • Project Capacity: 1.45-megawatt DC rooftop solar project.
  • Location: Calgary, Alberta.
  • Client: Fiera Real Estate Investments Ltd.
  • Status: Achieved commercial operation.
  • Market Entry: First operational project in Alberta; debut as a small-scale generator in the Alberta Interconnected Electric System (AIES) in 2025.
  • Revenue/Offset Mechanism: Sells power to the grid under Alberta's small-scale generation program and participates in the Technology Innovation and Emissions Reduction (TIER) system to generate carbon offsets.
  • Strategic Context: Supports Fiera Real Estate’s commitment to a Net Zero Pathway, with two funds targeting net-zero carbon by 2040.
  • Service Provider: Powerbank provided full-service development and engineering, procurement, and construction (EPC) services under an EPC agreement with Fiera Real Estate.
  • Partner: Zathura Investments provided support.
  • Corporate Action: Powerbank issued 10,089 shares to an arm's-length third party as a service fee for introducing Fiera Real Estate.
  • Share Restrictions: The issued shares are subject to a statutory hold period of four months and one day from the date of issuance, pending final acceptance by Cboe Canada Exchange Inc.

Notable Quotes

  • No direct quotes from executives were included in the provided text.
Read the original news release →

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