PowerBank Expands Renewable Energy Portfolio with New Solar Projects in New York and Pennsylvania

PowerBank Corporation has announced the expansion of its U.S. energy portfolio with two new solar projects in New York and Pennsylvania, marking significant progress in the company's renewable energy development strategy. The company has secured site control for a 2.8 MW solar project in upstate New York and a 3.16 MW project in Pennsylvania, both now progressing to the interconnection study phase, which represents a critical milestone before construction can commence.

The Day Hollow, New York project is particularly noteworthy as it could supply enough electricity for approximately 374 homes and is expected to qualify under New York's Value of Distributed Energy Resources program. This qualification enhances the project's economic viability and aligns with the state's renewable energy goals. According to the company news release available at https://ibn.fm/f8teZ, this project demonstrates PowerBank's commitment to developing distributed energy resources that benefit local communities.

The Pennsylvania project's development is contingent upon the final approval of House Bill 1842, which would authorize community solar programs within the state. This legislative dependency highlights the importance of supportive policy frameworks for renewable energy expansion. The successful passage of this bill would enable PowerBank to contribute to Pennsylvania's clean energy transition while creating new opportunities for community solar development.

These new projects contribute to PowerBank's growing portfolio, which now includes more than 100 MW of developed renewable energy projects and a pipeline exceeding 1 GW. The company's strategy focuses on creating value for all stakeholders by building a portfolio of cash-generating independent power producer assets that generate recurring revenue or completing strategic project sales. This approach positions PowerBank as a significant player in the North American renewable energy market, specializing in distributed and community solar initiatives across both Canada and the United States.

The expansion into these new markets demonstrates the ongoing growth of renewable energy infrastructure in the northeastern United States and reflects increasing investment in distributed generation resources. As states like New York and Pennsylvania continue to implement policies supporting clean energy, companies like PowerBank are well-positioned to capitalize on these opportunities while contributing to regional sustainability goals and energy independence.