PowerBank Corporation Leases Site for 6.9 MW Community Solar Project in New York's Capital District

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, which supports the development of solar energy across New York State. This community solar model will deliver clean, cost-saving power to local residents who may not have the ability to install solar panels on their own properties.

The company is currently advancing interconnection and permitting steps while securing project financing for the development. PowerBank brings significant experience to this project, having developed over 100 MW of completed solar projects previously. The company also maintains a substantial development pipeline of 1 GW, positioning it well to contribute to New York's ambitious solar capacity goals. This project directly supports the state's Climate Leadership and Community Protection Act, which targets 6 GW of solar capacity statewide.

PowerBank Corporation operates as an independent renewable and clean energy project developer and owner with a focus on distributed and community solar projects across North America. The company develops both solar and Battery Energy Storage System projects that sell electricity to various off-takers including utilities, commercial entities, industrial customers, municipal organizations, and residential consumers. 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. Investors seeking the latest news and updates relating to PowerBank Corporation can find additional information in the company's newsroom at https://ibn.fm/SUUN. The announcement contains forward-looking information, and readers are directed to https://ibn.fm/OJgw0 for additional details regarding such statements.