Core Insights - PowerBank Corporation has announced the safe harbor of 15 late-stage distributed solar and energy storage projects in New York, which are expected to generate approximately 67 MW DC of solar power and 11 MWh of energy storage, enough to power around 7,500 homes [1][3][7] - The projects are eligible for a 30% Investment Tax Credit and potential bonus adders, amounting to $65 million in tax credit eligibility [1][7] - PowerBank aims to complete the permitting process and secure financing for the construction of these projects, with positive interconnection studies already secured for 14 of the 15 projects [2][6] Project Details - The projects vary in size from 500 kW DC to 7 MW DC for distributed solar and from 1.2 to 8 MWh for battery energy storage systems [3] - Once operational, the projects will function as either community solar or net-metered projects, providing economic savings and environmental benefits to local residents [4][5] Company Background - PowerBank Corporation is a leader in renewable energy project development, focusing on distributed and community solar projects in North America, with a development pipeline exceeding 1 GW and over 100 MW of completed projects [6][10] - The company is positioned to deliver reliable renewable energy solutions through strategic partnerships and institutional-grade development capabilities [6] Industry Context - The projects contribute to New York's goal of achieving 10 GW of distributed solar and 6 GW of energy storage by 2030, with the state leading the U.S. in community solar capacity [7]

Core Insights - PowerBank Corporation has executed equipment procurement agreements for 15 late-stage distributed solar and energy storage projects in New York, expected to provide approximately 67 MW DC of solar power and 11 MWh of energy storage [1][2] - The total construction value of these projects is estimated at US$168 million, with potential tax credits valued at US$65 million [2][4] - The projects are designed to meet the IRS Physical Work Test before the July 4, 2026 deadline, ensuring eligibility for federal Investment Tax Credits under the One Big Beautiful Bill Act of 2025 [1][4] Project Details - The projects will power the equivalent of 7,500 homes and are part of New York's goal to achieve 10 GW of distributed solar and 6 GW of energy storage by 2030 [1][6] - PowerBank has established strong relationships with Tier 1 suppliers to secure necessary equipment, with commercial operation expected over the next several years, subject to permits and financing [3][5] Investment Tax Credits - Investment Tax Credits (ITC) for solar projects have been available since 2006, providing a 30% tax credit for qualifying installations, with additional bonus adders possible [4] - The One Big Beautiful Bill Act specifies that projects starting construction before July 4, 2026, will remain eligible for these tax credits, which is crucial for the financial viability of the projects [4][5] Company Background - PowerBank Corporation is an independent renewable energy project developer focusing on distributed and community solar projects in North America, with a development pipeline exceeding 1 GW and over 100 MW of completed projects [8]

Core Insights - Madison Energy Infrastructure has secured $800 million in debt to enhance clean energy infrastructure across the US [1][4] - The debt facility will enable Madison to meet increasing customer demand and achieve 1GW in operating capacity [1][2] Group 1: Financial Details - The construction-to-term debt facility was provided by a consortium of lenders including Fifth Third Bank, Société Générale, BNP Paribas, KeyBank, Crédit Agricole, TD Bank, Lloyd's, and Natixis [1][2] - The funds will support project development, construction, and ongoing operations, enhancing Madison's clean energy services for various businesses and communities [2][3] Group 2: Company Background - Madison Energy was established in 2019 and focuses on developing, owning, and operating distributed solar and energy storage projects across the US [3] - The company has developed a portfolio exceeding 470MW of assets since its inception and is currently a portfolio company of EQT Infrastructure [3][4]