PowerBank Announces New 6.9 MW Solar Project in the Capital District, New York

Core Insights - PowerBank Corporation has executed a lease agreement for a 6.9 MW DC ground-mount solar power project in New York, which is expected to power the equivalent of 800 homes and is eligible for incentives under the NY-Sun Program [1][5] Company Overview - PowerBank Corporation is a leader in North American energy infrastructure development, focusing on distributed and community solar projects, with over 100 MW of completed projects and a development pipeline exceeding 1 GW [4][7] - The company aims to maximize returns through a diverse portfolio of projects across multiple North American markets, including utilities and community solar [7] Project Details - The NY-Crawford Rd project will operate as a community solar project, allowing renters and homeowners to save on electricity costs without installing solar panels on their properties [3] - The project aligns with New York's Climate Leadership and Community Protection Act goal of achieving 6 GW of solar capacity by 2025, contributing to nearly one-third of the U.S.'s installed solar capacity [5] Development Process - PowerBank is currently submitting the interconnection application and has begun preliminary screening analysis, with plans to complete the permitting process and secure financing for construction upon receiving interconnection approval [2]