PowerBank Corporation Advances Pennsylvania Solar Project with Site Control Secured

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) has announced the successful securing of site control for its 3.16 MW Honesdale ground-mount solar project in Pennsylvania, marking a significant milestone in the project's development. This achievement allows the project to advance to the interconnection study phase, bringing it closer to operational status and contributing to Pennsylvania's renewable energy infrastructure.

The Honesdale solar project is designed to operate as a community solar initiative, pending final approval of Pennsylvania House Bill 1842. This legislative framework would enable broader access to solar energy for residents across various income levels, aligning with PowerBank's mission to deliver clean, affordable energy. Community solar projects allow multiple participants to benefit from a single solar array, particularly those who cannot install solar panels on their own properties due to financial, structural, or logistical constraints.

PowerBank Corporation, as detailed in their corporate information available at https://www.powerbankcorp.com, is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects across North America. The company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. With a potential development pipeline exceeding one gigawatt and previous projects totaling over 100 megawatts of built capacity, PowerBank demonstrates substantial expertise and capacity in the renewable energy sector.

The advancement of the Honesdale project represents not only progress for PowerBank but also contributes to the broader transition toward sustainable energy sources in Pennsylvania and beyond. The project's success could serve as a model for future community solar initiatives, potentially influencing policy decisions and encouraging similar developments in other regions. For investors and stakeholders, updates regarding PowerBank's developments are available through their newsroom at https://ibn.fm/SUUN.

This development occurs within the context of growing emphasis on Environmental, Social, and Governance (ESG) factors in corporate and investment decisions. The forward-looking information contained in the announcement, with additional details available at https://ibn.fm/DdiyJ, highlights the company's commitment to transparency and regulatory compliance. The securing of site control for the Honesdale project underscores PowerBank's operational capabilities and strategic positioning within the competitive renewable energy market.