PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) has secured all necessary municipal approvals for two community solar projects located on industrial brownfield sites in Skaneateles, New York. The approvals include variances, site plan approval, and a special use permit, marking a significant milestone in the development process.
The projects will now proceed to seek approval from the New York Department of Environmental Conservation before construction can begin. Once operational, these solar installations will deliver clean energy directly to the local grid, enabling renters and homeowners to subscribe to the service and receive bill credits without requiring solar panel installations on their own properties.
This development supports New York's ambitious Climate Leadership and Community Protection Act, which targets 6 GW of solar capacity by 2025. The Skaneateles projects benefit from PowerBank's established track record, which includes more than 100 MW of completed renewable energy projects and a development pipeline exceeding 1 GW. Additional information about the company's operations can be found at https://www.powerbankcorp.com.
The community solar model represents an important advancement in renewable energy accessibility, particularly for residents who cannot install solar panels due to rental status, property constraints, or financial limitations. By utilizing brownfield sites for solar development, PowerBank is also contributing to the revitalization of underutilized industrial areas while generating clean energy.
Forward-looking information regarding these projects and other corporate developments is available through the company's newsroom at https://ibn.fm/SUUN. Investors and stakeholders should review the detailed disclosures and disclaimers provided at https://ibn.fm/xDPgd for comprehensive understanding of the risks and opportunities associated with these developments.
