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PowerBank's First Solar Project Under Development for Fiera Real Estate Reaches Commercial Operation
Prnewswire· 2025-12-18 12:07
Core Viewpoint - PowerBank Corporation has successfully completed a 1.45 MW rooftop solar project in Calgary, Alberta, which will contribute to Fiera Real Estate's commitment to achieving net zero carbon by 2040 [1][3]. Company Overview - PowerBank Corporation is an independent renewable and clean energy project developer focusing on distributed and community solar projects in Canada and the USA, with a development pipeline exceeding one gigawatt and over 100 megawatts of renewable projects completed [6]. - Fiera Real Estate, a subsidiary of Fiera Capital, manages over C$12.0 billion in real estate assets globally, focusing on diverse investment strategies across various geographies and sectors [4]. Project Details - The completed rooftop solar project will sell power to the grid under Alberta's Small Scale Generation program and participate in the Technology Innovation and Emissions Reduction (TIER) system to generate carbon offsets [2]. - This project marks PowerBank's first operational project in Alberta and its debut as a small-scale generator within the Alberta Interconnected Electric System (AIES) [3]. Strategic Partnerships - PowerBank is collaborating with Zathura Investments to provide full-service development and engineering, procurement, and construction (EPC) services for the project under an EPC agreement with Fiera Real Estate [3].