PowerBank Corporation Advances 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 has executed a lease agreement for its 6.9 MW DC NY-Crawford Rd 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 and will deliver clean, cost-saving power to local residents through a community solar model. This development represents another step forward in New York's ambitious renewable energy transition.
The company is currently advancing interconnection and permitting processes while securing project financing for the initiative. PowerBank brings substantial experience to this project, having completed over 100 MW of solar projects previously. The company also maintains a development pipeline of 1 GW, positioning it to contribute significantly to New York's 6 GW solar capacity goal established under the state's Climate Leadership and Community Protection Act.
Community solar projects like NY-Crawford Rd enable residents who cannot install solar panels on their own properties to benefit from renewable energy. Subscribers typically receive credits on their electricity bills for the power generated by their share of the solar array, making clean energy more accessible and affordable for a broader segment of the population. This model has gained traction across New York as the state works toward its climate objectives.
PowerBank Corporation operates as an independent renewable and clean energy project developer and owner, focusing on distributed and community solar projects across North America. The company develops solar and Battery Energy Storage System projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. Additional information about the company is available at https://www.powerbankcorp.com.
The full press release containing this announcement can be accessed at https://ibn.fm/RAVhE. The report contains forward-looking information, and additional details regarding such statements are available at https://ibn.fm/OJgw0. The latest news and updates relating to PowerBank Corporation are available in the company's newsroom at https://ibn.fm/SUUN.
Curated from InvestorBrandNetwork (IBN)
