Core Insights - ENGIE North America is launching two community solar farms in Knox County, Illinois, aimed at providing affordable renewable energy to local households and businesses [1][2] - The Knox 2A and Knox 2B projects will generate over 8.2 million kilowatt-hours annually and avoid more than 7,800 tons of carbon dioxide emissions, equivalent to removing 1,655 cars from the road for a year [2] Company Overview - ENGIE North America is part of ENGIE, a global leader in the energy transition, focusing on achieving a carbon-neutral economy with over 98,000 employees across 30 countries [6] - ENGIE invests more than $10 billion annually to support the energy transition and aims for net zero carbon by 2045 [6] Community Solar Initiative - The community solar farms allow residents and businesses to subscribe and receive credits on their electricity bills, reducing costs [3] - More than 60% of subscriptions are reserved for low-to-moderate income households, providing them with 20% savings on solar bill credits [4][5] - The initiative is expected to benefit 443 households and businesses, contributing to economic relief and promoting equitable energy access in Illinois [5] Partnership with Ampion - Ampion manages the subscription process for the solar farms, ensuring that low-to-moderate income families can access the benefits of community solar [5][7] - The collaboration aims to maximize investor returns and simplify the management of renewable energy subscriptions [7]

Core Insights - PowerBank Corporation's Geddes Solar Power Project in New York has received a Commercial Operation Payment of $1.47 million USD through the NYSERDA's NY-Sun Program, with an additional expected $245 thousand USD from the Inclusive Community Solar Adder [1][2][3] Group 1: Project Details - The Geddes Project, operational at 3.79 MW, is built on a closed landfill and can power approximately 450 homes annually [3] - The project qualifies for multiple incentives under the NY-Sun Program, including the Megawatt Block, Community Adder, and Landfill/Brownfield Adder [1][2] - Community solar allows homeowners to benefit from solar energy without installing panels, providing monthly credits on their electric bills [3] Group 2: Industry Context - The NY-Sun Program aims to enhance solar technology affordability and drive growth in the solar industry while supporting local job creation [2] - New York State is leading the U.S. in community solar capacity, having achieved a 6 GW solar goal under the New York State Climate Act by fall 2024 [5] - PowerBank has a development pipeline exceeding 1 GW and has completed over 100 MW of projects, positioning itself as a significant player in the renewable energy sector [4][6]

Core Insights - PowerBank Corporation has announced the completion of the Coordinated Electric System Interconnection Review for its 5.7 MW North Main St solar project in upstate New York, allowing it to proceed to the permitting phase [1][3] Project Details - The North Main St project is expected to qualify for New York's Value of Distributed Energy Resources (VDER) compensation mechanism, with an estimated first-year average rate of US$0.0971 per kWh, ensuring fair compensation for the clean energy delivered to the grid [2] - Once permits and financing are secured, construction will begin, and the project will operate as a community solar initiative, allowing renters, businesses, and homeowners to subscribe and receive bill credits without needing on-site installations [3] Company Expertise and Capacity - PowerBank has a proven track record with over 100 MW of completed projects and a development pipeline exceeding 1 GW, positioning the company to deliver reliable renewable energy solutions [4] - The North Main St project contributes to New York's Climate Leadership and Community Protection Act goal of achieving 6 GW of solar capacity by 2025, with New York accounting for nearly one-third of the U.S.'s 6.2 GW of installed solar capacity [5] Company Overview - PowerBank Corporation focuses on distributed and community solar projects in North America, developing solar, Battery Energy Storage Systems (BESS), and EV Charging projects that sell electricity to various off-takers [7] - The company aims to maximize returns through a diverse portfolio across multiple leading North American markets, with a potential development pipeline of over 1 GW [7]