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.
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PowerBank Corporation (NASDAQ: SUUN) has executed a lease agreement for its 6.9 MW DC NY-Crawford Road ground-mount solar project located in New York's Capital District. The project is expected to qualify for incentives under NYSERDA's NY-Sun Program, positioning it to deliver clean, cost-saving power to local residents through a community solar model that allows multiple participants to benefit from a single solar installation.
The development represents a significant step forward in New York's renewable energy transition, coming at a time when the state is actively working toward its ambitious 6 GW solar capacity goal under the Climate Leadership and Community Protection Act. PowerBank is currently advancing interconnection and permitting processes while securing project financing, leveraging its established track record of completing over 100 MW of solar projects and maintaining a 1 GW development pipeline across North America.
This project's importance extends beyond mere energy generation, as community solar models provide accessible renewable energy options for residents who may not have suitable rooftops for solar panels or cannot afford upfront installation costs. The NY-Crawford Road project will enable local households and businesses to subscribe to solar power without installing equipment on their properties, potentially reducing electricity bills while supporting clean energy development.
PowerBank's development approach aligns with New York's comprehensive energy strategy, which emphasizes distributed generation and community-based renewable projects. The company's extensive experience in developing solar and Battery Energy Storage System projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers positions it well to navigate the complex regulatory and technical requirements of New York's energy market. Additional information about the company's operations and development pipeline can be found at https://www.powerbankcorp.com.
The project's advancement comes as New York continues to implement its climate legislation, which mandates 70% renewable energy by 2030 and 100% zero-emission electricity by 2040. Community solar projects like NY-Crawford Road play a crucial role in achieving these targets by expanding access to renewable energy across diverse demographic groups and geographic areas. Investors and stakeholders can access the full press release and additional corporate updates through the company's newsroom at https://ibn.fm/SUUN.
As the renewable energy sector continues to evolve, projects such as the NY-Crawford Road solar installation demonstrate how established developers can leverage their expertise to accelerate the transition to clean energy while providing tangible economic benefits to local communities. The successful development of this 6.9 MW project could serve as a model for similar community solar initiatives throughout New York and other states pursuing aggressive climate goals.
Curated from InvestorBrandNetwork (IBN)
