PowerBank Secures Municipal Approvals for Skaneateles Community Solar Projects
TL;DR
PowerBank gains municipal approvals for two community solar projects, advancing its 1 GW development pipeline and positioning investors for growth in renewable energy markets.
PowerBank secured municipal approvals and will now pursue DEC approval before constructing solar projects on brownfield sites to deliver clean energy via subscription.
These solar projects provide clean energy access to renters and homeowners without property installations, supporting New York's climate goals for a sustainable future.
PowerBank transforms industrial brownfields into community solar farms, allowing local residents to subscribe and earn bill credits from clean energy generation.
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PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) has secured all necessary municipal approvals for two community solar projects located on industrial brownfield sites in Skaneateles, New York. The approvals include variances, site plan approval, and a special use permit, marking a significant milestone in the development process. The projects will now proceed to seek approval from the New York Department of Environmental Conservation before construction can commence.
Once operational, these solar projects will supply clean energy to the local grid, enabling renters and homeowners to subscribe to the service and receive bill credits without the need to install solar panels on their own properties. This model expands access to renewable energy, particularly for those who may not own suitable rooftops or cannot afford upfront installation costs. The initiative supports New York's Climate Leadership and Community Protection Act, which aims to achieve 6 GW of solar capacity by 2025.
PowerBank's extensive experience in renewable energy development, with over 100 MW of completed projects and a 1 GW development pipeline, underscores the company's capability to deliver on such initiatives. The use of brownfield sites for solar development repurposes underutilized industrial land, contributing to environmental remediation and sustainable land use practices. For more information on the company's projects, visit https://www.powerbankcorp.com.
The advancement of these projects highlights the growing trend of community solar as a viable solution to democratize access to renewable energy. By leveraging PowerBank's expertise, the Skaneateles projects are poised to make a tangible impact on local energy affordability and sustainability. Investors and stakeholders can find additional updates relating to SUUN at https://ibn.fm/SUUN.
This development not only benefits local subscribers but also aligns with broader environmental goals, reducing carbon emissions and promoting energy independence. The successful implementation of such projects could serve as a model for other communities seeking to adopt renewable energy solutions without significant infrastructure changes. For forward-looking information and disclaimers, refer to https://ibn.fm/xDPgd.
Curated from InvestorBrandNetwork (IBN)
