SolarBank Expands Solar Portfolio with New York Community Solar Project
TL;DR
SolarBank's new 4.584 MW DC ground-mount solar project in upstate New York will power 540 homes, providing a strategic renewable energy advantage.
Solar Simplified manages subscribers, allowing SolarBank to focus on Forest Hill Rd project development under New York's community solar framework.
The Forest Hill Rd project benefits from VDER compensation and NYSERDA incentives, contributing renewable energy and cost savings to 540 homes, making a positive impact.
SolarBank avoids importing solar panels from countries impacted by the U.S. Department of Commerce Tariff, ensuring sustainable development for their projects.
Found this article helpful?
Share it with your network and spread the knowledge!
SolarBank Corp. is advancing its renewable energy portfolio with a new 4.584 megawatt DC solar project located on Forest Hill Rd in upstate New York. The ground-mount installation will generate clean energy for approximately 540 homes, representing a significant contribution to the region's sustainable energy infrastructure.
The project will operate under New York's community solar framework, positioning it to benefit from the Value of Distributed Energy Resources (VDER) compensation mechanism and New York State Energy Research and Development Authority (NYSERDA) incentives. By participating in these programs, SolarBank can maximize the project's economic and environmental impact.
Solar Simplified will manage subscriber services for the project, allowing SolarBank to concentrate on development and expansion strategies. The company has also confirmed it is not currently importing solar panels from countries affected by recent U.S. Department of Commerce tariff regulations.
The solar installation represents a strategic expansion of SolarBank's distributed and community solar initiatives across Canada and the United States. With site leasing completed and an interconnection study in progress, the company is positioned to move forward with permitting and financing pending successful study outcomes.
This project underscores the growing momentum of community solar investments, which provide renewable energy access and potential cost savings to local residents while supporting broader clean energy transition goals.
Curated from InvestorBrandNetwork (IBN)
