PowerBank Announces 1.76 MW Solar Project in Upstate New York

Core Insights - PowerBank Corporation has executed a lease agreement for a 1.76 MW DC ground-mount solar power project in Upstate New York, known as the NY-Hemlock Hill project, which is expected to power the equivalent of 200 homes [1][5] - The project aims to contribute to New York's goal of achieving 6 GW of solar capacity by 2025, with PowerBank being a significant player in the community solar sector [5][4] - The company has a proven track record with over 100 MW of completed projects and a development pipeline exceeding 1 GW, positioning it well for the execution of this project [4][7] Project Details - The NY-Hemlock Hill project will operate as a community solar project, allowing renters and homeowners to benefit from solar energy without installing panels on their properties, thus reducing their electricity costs [3][5] - The company is currently submitting the interconnection application and has begun preliminary screening analysis, with plans to complete the permitting process and secure financing for construction [2][4] Strategic Importance - New York accounts for nearly one-third of the United States' installed solar capacity, which stands at 6.2 GW, highlighting the strategic importance of the NY-Hemlock Hill project in the broader context of renewable energy development [5][4] - PowerBank's strategic partnerships and institutional-grade development capabilities enhance its ability to deliver impactful renewable energy solutions [4][7]