PowerBank Secures Municipal Approvals for Skaneateles Community Solar Projects
TL;DR
PowerBank's approved community solar projects offer subscribers bill credits without property installations, leveraging their 1 GW pipeline for market advantage.
PowerBank secured municipal approvals for two brownfield solar projects in Skaneateles, NY, now pursuing DEC approval before construction to deliver clean energy.
These projects advance New York's climate goals by providing clean energy access to renters and homeowners, making communities more sustainable.
PowerBank transforms industrial brownfields into community solar farms, allowing locals to benefit from renewable energy without rooftop panels.
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PowerBank Corporation (NASDAQ: SUUN) has secured all necessary municipal approvals for two community solar projects located on industrial brownfield sites in Skaneateles, New York. The company obtained variances, site plan approval, and a special use permit for the projects in Onondaga County, 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 installations will deliver clean energy directly to the local grid, enabling both renters and homeowners to subscribe to the service and receive bill credits without requiring solar panel installations on their individual properties.
This development supports New York's ambitious Climate Leadership and Community Protection Act, which targets 6 gigawatts of solar capacity by 2025. The Skaneateles projects contribute to this statewide initiative while repurposing underutilized industrial brownfield sites for renewable energy generation.
PowerBank brings substantial experience to these projects, having completed more than 100 megawatts of renewable energy projects and maintaining a development pipeline of 1 gigawatt. The company's track record in distributed and community solar development positions it well to successfully execute these initiatives. For additional information about the company's operations, visit https://www.powerbankcorp.com.
The community solar model represents an important advancement in renewable energy accessibility, particularly for residents who cannot install solar panels due to rental status, property constraints, or financial limitations. By allowing subscribers to benefit from solar energy without physical installations, these projects democratize access to clean energy and provide tangible economic benefits through reduced electricity costs.
For investors and stakeholders seeking detailed information about forward-looking statements and risk factors associated with the company's projects, additional resources are available at https://ibn.fm/xDPgd. The successful development of these projects could serve as a model for similar community solar initiatives across New York and other states pursuing aggressive renewable energy targets.
Curated from NewMediaWire
