PowerBank Secures Municipal Approvals for Skaneateles Community Solar Projects

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) has secured all necessary municipal approvals for two community solar projects located on industrial brownfield sites in Skaneateles, New York. The approvals include variances, site plan approval, and a special use permit, marking a significant milestone in the development process. The projects will now proceed to seek approval from the New York Department of Environmental Conservation before construction can begin.

Once operational, these solar projects will supply clean energy to the local grid, enabling renters and homeowners to subscribe to the service and receive bill credits without needing to install solar panels on their own properties. This community solar model expands access to renewable energy beyond traditional homeownership barriers, supporting broader adoption of clean energy solutions. The initiative aligns with New York's Climate Leadership and Community Protection Act, which aims to achieve 6 GW of solar capacity by 2025.

PowerBank's extensive experience in renewable energy development, including over 100 MW of completed projects and a 1 GW development pipeline, provides a strong foundation for the successful implementation of the Skaneateles projects. The company's focus on distributed and community solar projects across North America demonstrates its commitment to advancing renewable energy infrastructure. For more information about the company's projects and developments, visit https://www.powerbankcorp.com.

The development of these projects on brownfield sites represents an innovative approach to land use, repurposing underutilized industrial areas for renewable energy generation. This strategy not only contributes to environmental sustainability but also supports local economic development by creating jobs and generating clean energy. The projects are expected to provide significant benefits to the Skaneateles community and contribute to New York's broader climate goals.

Investors and stakeholders should note that forward-looking statements involve risks and uncertainties, as detailed in the company's SEC filings. Additional information about these risks can be found at https://ibn.fm/xDPgd. The full press release containing this announcement is available at https://ibn.fm/Fe8IF.