• PowerBank published MD&A for nine months ended March 31, 2026, highlighting a shift toward owning projects as an independent power producer while continuing EPC activity across US, Canada.
• Three New York community solar projects slated for sale to Solar Advocate, valued at about USD 41 million, were returned to PowerBank following exercise of contractual sell-back rights; USD 4 million advance to be repaid.
• Two New York projects previously sold to Qcells, Gainesville, Highway 28, were also sold back, triggering CAD 2.5 million reduction to development fee revenue for three and nine months ended March 31, 2026; USD 2.35 million of advanced funds to be returned.
• Ontario BESS buildout advanced with SFF 06 reaching commercial operation on April 20, 2026; 903, OZ-1 timelines remain uncertain due to permitting delays, with OZ-1 supplier contracts terminated on mutually agreed terms, including CAD 475,000 termination fee.
• Outlook calls for revenue growth to resume in fiscal 2027, supported by development pipeline of about 1,196 MW solar PV, 875 MWh BESS, including 58 MW under construction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powerbank Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-023443), on May 15, 2026, and is solely responsible for the information contained therein.