PowerBank Corporation Advances 14.4 MW Community Solar Projects in Skaneateles, New York
TL;DR
PowerBank Corporation gains municipal approvals for 14.4 MW solar projects, positioning it to expand its 1 GW pipeline and capitalize on New York's renewable energy incentives.
PowerBank secured municipal approvals for two 14.4 MW solar projects on brownfield sites, now awaiting DEC approval and financing before construction begins.
PowerBank's solar projects repurpose brownfield land to provide clean energy, supporting New York's climate goals and offering bill credits to local subscribers.
PowerBank transforms unused industrial sites into 14.4 MW solar farms, turning neglected land into sources of renewable energy for the community.
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PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) has obtained all required municipal approvals for two 14.4 megawatt community solar projects in Skaneateles, New York, marking a significant step forward in the development of renewable energy infrastructure in the region. The projects, which will be constructed on industrial brownfield sites in Onondaga County within the Finger Lakes region, represent an innovative approach to land repurposing that addresses both environmental and economic challenges.
The company has secured variances, site plan approval, and a special use permit from local authorities, and is now awaiting final approval from the New York Department of Environmental Conservation before construction can commence. This development aligns with New York's Climate Leadership and Community Protection Act, which aims to achieve 6 gigawatts of solar capacity by 2025. The use of brownfield sites for solar development provides an environmentally beneficial reuse of land that otherwise has limited economic potential, transforming underutilized industrial areas into productive clean energy generators.
Once operational, the solar projects will feed clean energy into the local grid, with subscribers receiving monthly credits on their electricity bills through the community solar model. This approach makes renewable energy more accessible to residents and businesses who may not be able to install solar panels on their own properties. PowerBank Corporation, which specializes in distributed and community solar initiatives throughout Canada and the United States, brings substantial experience to these projects with more than 100 megawatts of completed projects and a 1 gigawatt pipeline across North America.
The advancement of these projects demonstrates the growing momentum behind community solar initiatives and their role in meeting state renewable energy targets. The successful development of solar infrastructure on brownfield sites could serve as a model for similar projects nationwide, showcasing how underutilized industrial land can be transformed into valuable clean energy assets. For local communities, these projects represent not only environmental benefits but also potential economic opportunities through job creation during construction and ongoing maintenance phases.
For investors and stakeholders following PowerBank Corporation's progress, additional information is available through the company's newsroom at https://ibn.fm/SUUN. The successful execution of these projects would contribute significantly to New York's renewable energy portfolio while providing tangible benefits to local energy consumers through the community solar subscription model.
Curated from InvestorBrandNetwork (IBN)
