SolarBank Expands New York Community Solar Pipeline with 4.584 MW Ground-Mount Project

SolarBank Corporation (NASDAQ: SUUN) is set to develop a new 4.584 MW ground-mount solar project in upstate New York, marking another milestone in the company's community solar expansion strategy. The Forest Hill Rd project is currently in the early stages of development, with a site lease secured and an interconnection study in progress.

The project is positioned to leverage New York's favorable renewable energy incentives, including the Value of Distributed Energy Resources (VDER) rate mechanism and NYSERDA NY-Sun incentives. These programs are designed to accelerate solar adoption and support distributed energy generation across the state.

SolarBank has emphasized its supply chain resilience amid recent U.S. tariff increases on Southeast Asian solar imports. The company maintains its competitive edge by sourcing solar panels from cost-effective regions in the Middle East and North America, ensuring project continuity and economic feasibility.

This latest project contributes to SolarBank's growing renewable energy portfolio, which currently includes over 100 megawatts of developed projects and a potential development pipeline exceeding one gigawatt. The Forest Hill Rd initiative underscores the company's strategic focus on distributed and community solar projects across North America.

The expansion represents a significant step in New York's transition to clean energy, providing local communities with access to renewable solar power and supporting the state's ambitious clean energy goals. By developing community solar projects, SolarBank is helping to democratize renewable energy access and reduce carbon emissions.