PowerBank Secures Municipal Approvals for Skaneateles Community Solar Projects
TL;DR
PowerBank's approved community solar projects offer subscribers bill credits without property installations, leveraging their 1 GW pipeline for market advantage.
PowerBank secured municipal approvals for two brownfield solar projects in Skaneateles, NY, now pursuing DEC approval before construction to deliver clean energy.
These projects advance New York's climate goals by providing clean energy access to renters and homeowners, making communities more sustainable.
PowerBank transforms industrial brownfields into community solar farms, allowing locals to benefit from renewable energy without rooftop panels.
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PowerBank Corporation (NASDAQ: SUUN) has secured all necessary municipal approvals for two community solar projects located on industrial brownfield sites in Skaneateles, New York. The company obtained variances, site plan approval, and a special use permit for the projects, which are now proceeding to seek approval from the New York Department of Environmental Conservation before construction can begin.
The Skaneateles projects represent a significant step in New York's renewable energy transition, directly supporting the state's Climate Leadership and Community Protection Act goal of achieving 6 GW of solar capacity by 2025. Community solar projects enable renters and homeowners to subscribe to clean energy and receive bill credits without requiring solar panel installations on their individual properties, making renewable energy accessible to a broader segment of the population.
PowerBank brings substantial experience to these developments, having completed more than 100 MW of renewable energy projects and maintaining a development pipeline of 1 GW. The company's track record in distributed and community solar projects positions it well to execute on these initiatives effectively. Additional information about the company's operations and development strategy can be found at https://www.powerbankcorp.com.
The full details of the approval and project specifications are available in the official press release at https://ibn.fm/Fe8IF. Investors and stakeholders should note that the project involves certain risks and uncertainties, as detailed in the company's regulatory filings available through standard SEC channels and additional risk disclosures at https://ibn.fm/xDPgd.
This development matters because it demonstrates continued progress in repurposing underutilized industrial land for renewable energy generation while expanding access to clean power for communities that might otherwise be excluded from the solar energy transition. The projects contribute to local economic development through construction jobs and long-term maintenance positions while helping New York State meet its ambitious climate targets.
Curated from NewMediaWire
