PowerBank Advances 6.9 MW Community Solar Project in New York's Capital District

PowerBank Corporation has executed a lease agreement for its 6.9 MW DC NY-Crawford Rd ground-mount solar project in New York's Capital District, marking another step forward in the state's ambitious renewable energy transition. The project is expected to qualify for incentives under NYSERDA's NY-Sun Program and will deliver clean, cost-saving power to local residents through a community solar model, allowing multiple households and businesses to benefit from solar energy without installing panels on their own properties.

The company is currently advancing interconnection and permitting processes while securing project financing, leveraging its extensive experience in renewable energy development. PowerBank brings significant expertise to this project, having developed over 100 MW of completed solar projects and maintaining a substantial 1 GW development pipeline. This track record positions the company to effectively contribute to New York's broader energy objectives under the state's Climate Leadership and Community Protection Act, which targets 6 GW of solar capacity statewide.

This development represents a meaningful advancement in New York's clean energy infrastructure, providing local residents with access to renewable energy at reduced costs while supporting the state's climate goals. Community solar projects like NY-Crawford Rd are particularly important because they expand solar access to renters, low-income households, and properties unsuitable for rooftop installations, democratizing clean energy benefits across diverse communities. The project's location in the Capital District contributes to regional economic development through job creation during construction and ongoing maintenance phases.

For additional information about PowerBank's operations and project portfolio, readers can visit https://www.powerbankcorp.com. The company's forward-looking statements and risk factors are detailed at https://ibn.fm/OJgw0, while comprehensive terms of use and disclaimers are available at http://IBN.fm/Disclaimer. These resources provide important context for understanding the regulatory and operational framework surrounding renewable energy development projects.

The NY-Crawford Rd project exemplifies the growing trend of community solar development across New York State, where such initiatives are becoming increasingly crucial for meeting renewable energy targets while ensuring equitable access to clean power. As New York continues its transition away from fossil fuels, projects like this demonstrate how private sector investment and state incentive programs can work together to build sustainable energy infrastructure that benefits both the environment and local communities through reduced electricity costs and improved air quality.