PowerBank Corporation Secures Site Control for 2.8 MW Day Hollow Solar Project in New York
TL;DR
PowerBank's Day Hollow solar project secures site control, offering investors exposure to New York's VDER program with an estimated first-year rate of US$0.0971/kWh.
PowerBank's 2.8 MW Day Hollow solar project progresses to interconnection study phase after securing site control, qualifying under New York's VDER program for community solar.
PowerBank's community solar project enables renters and homeowners to receive bill credits without on-site equipment, supporting New York's climate goals and renewable energy access.
PowerBank develops a 2.8 MW ground-mount solar project in upstate New York, advancing clean energy infrastructure through community solar subscriptions.
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PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a leader in North American energy infrastructure development, has secured site control for its 2.8 MW Day Hollow ground-mount solar project in upstate New York. This milestone enables the project to progress to the interconnection study phase, marking a significant step forward in renewable energy development for the region.
The Day Hollow solar project is expected to qualify under New York's Value of Distributed Energy Resources (VDER) program at an estimated first-year average rate of US$0.0971/kWh. Designed as a community solar initiative, the project will allow renters, businesses, and homeowners to subscribe and receive bill credits without requiring on-site equipment installation. This approach makes solar energy accessible to a broader demographic, including those who cannot install panels on their own properties.
This development contributes directly to New York's Climate Leadership and Community Protection Act target of achieving 6 GW of solar capacity by 2025. The project represents PowerBank's ongoing commitment to expanding renewable energy infrastructure across North America. The company focuses on distributed and community solar projects, as well as Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers.
PowerBank Corporation maintains a diverse portfolio of projects across multiple leading North American markets, including utility-scale projects, host off-taker arrangements, community solar initiatives, and virtual net metering projects. The company has developed renewable and clean energy projects with a combined capacity of over 100 megawatts and maintains a potential development pipeline exceeding one gigawatt. Additional information about the company's operations and projects can be found at https://www.powerbankcorp.com.
The advancement of the Day Hollow project demonstrates the growing momentum in community solar development, particularly in states with supportive renewable energy policies like New York. The VDER program's compensation structure provides predictable revenue streams for developers while offering cost savings to subscribers. This model has proven effective in accelerating solar adoption while maintaining grid stability and reducing reliance on fossil fuels.
For investors and stakeholders seeking additional information about PowerBank Corporation and its developments, the company maintains a newsroom at https://ibn.fm/SUUN. The project's progression through the development pipeline reflects PowerBank's strategic approach to identifying and executing on opportunities in the rapidly expanding renewable energy sector.
Curated from InvestorBrandNetwork (IBN)
