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 solar projects in Skaneateles, New York, marking a significant step forward in the state's renewable energy expansion. The company, which specializes in distributed and community solar initiatives across North America, announced that the projects have received variances, site plan approval, and a special use permit from local authorities.
The solar installations will be constructed on industrial brownfield sites in Onondaga County within the Finger Lakes region, repurposing land with limited economic potential for environmentally beneficial use. This approach aligns with sustainable development practices by transforming underutilized properties into productive clean energy assets. The projects now await final approval from the New York Department of Environmental Conservation before construction can commence, pending successful financing arrangements.
These developments support New York's Climate Leadership and Community Protection Act, which targets 6 gigawatts of solar capacity by 2025. Once operational, the solar facilities will feed clean energy into the local grid while providing financial benefits to community subscribers through monthly electricity bill credits. This model makes renewable energy accessible to residents who may not have suitable rooftops for solar panels or cannot afford upfront installation costs.
PowerBank Corporation maintains an extensive portfolio with more than 100 megawatts of completed projects and a 1 gigawatt development pipeline across North America. The company's progress in Skaneateles demonstrates the growing momentum behind community solar initiatives that combine environmental stewardship with economic opportunity. Additional information about PowerBank's developments is available at https://ibn.fm/yLdyR.
The advancement of these projects represents a tangible implementation of New York's ambitious climate goals while addressing land reuse challenges through innovative solar development. As states increasingly prioritize renewable energy infrastructure, successful projects like these serve as models for combining environmental benefits with community engagement and economic revitalization of underutilized properties.
Curated from InvestorBrandNetwork (IBN)
