PowerBank Corporation Leases Site for 6.9 MW Community Solar Project in New York's Capital District
TL;DR
PowerBank's new 6.9 MW solar project leverages NYSERDA incentives and community solar model to deliver competitive cost savings while expanding their 1 GW development pipeline.
PowerBank is executing interconnection, permitting, and financing steps for their 6.9 MW NY-Crawford Rd solar project that qualifies for NY-Sun Program incentives.
This community solar project provides clean, affordable power to local residents while supporting New York's climate goals for a more sustainable future.
PowerBank is developing a 6.9 MW ground-mount solar project in New York's Capital District with over 100 MW of completed solar experience.
PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) has executed a lease agreement for its 6.9 MW DC NY-Crawford Rd ground-mount solar project located in New York's Capital District. The North American energy infrastructure developer and asset owner is advancing this community solar initiative that is expected to qualify for incentives under NYSERDA's NY-Sun Program, positioning the project to deliver clean, cost-saving power to local residents through an accessible community solar model.
The company is currently progressing through interconnection and permitting procedures while securing project financing, leveraging its extensive experience in renewable energy development. PowerBank brings substantial expertise to this project, having completed over 100 MW of solar projects and maintaining a robust 1 GW development pipeline. This track record positions the company well to contribute meaningfully to New York's ambitious 6 GW solar capacity target established under the state's Climate Leadership and Community Protection Act.
The community solar model represents a significant advancement in renewable energy accessibility, allowing residents who may not have suitable rooftops or financial means for individual solar installations to benefit from clean energy. This approach democratizes solar power access while providing tangible cost savings to participants. The project's location in the Capital District places it strategically within a region actively working toward meeting state-mandated clean energy objectives.
PowerBank's development strategy focuses on maximizing returns through a diverse portfolio of projects across multiple leading North American markets. The company specializes in distributed and community solar projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. Additional information about the company's operations and project portfolio can be found at https://www.powerbankcorp.com.
This project announcement comes at a critical time for New York's renewable energy landscape as the state works to accelerate its transition away from fossil fuels. The 6.9 MW capacity represents a meaningful contribution to regional clean energy infrastructure while creating local economic opportunities through development and construction phases. Community solar projects like NY-Crawford Rd serve as essential components in building a more resilient and decentralized energy grid that benefits both consumers and the environment.
Investors and stakeholders can access the latest news and updates relating to SUUN through the company's dedicated newsroom at https://ibn.fm/SUUN. The forward-looking information contained in this announcement is subject to various risk factors and uncertainties, with additional details available at https://ibn.fm/OJgw0.
Curated from InvestorBrandNetwork (IBN)
