SolarBank Corp. Advances Hoadley Hill Solar Project in New York
July 11th, 2025 1:05 PM
By: Newsworthy Staff
SolarBank Corporation has cleared a significant regulatory hurdle for its 7.2 MW Hoadley Hill solar project in New York, moving closer to construction and offering local residents access to clean energy through a community solar initiative.
SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) has successfully navigated the Coordinated Electric System Interconnection Review (CESIR) for its 7.2-megawatt Hoadley Hill Road solar project in upstate New York, a pivotal step towards grid interconnection. This ground-mount solar array is projected to generate enough electricity to power approximately 850 homes, leveraging New York's VDER compensation system with an anticipated year-one compensation rate of US$0.0971/kWh. Structured as a community solar project, it allows local residents to subscribe and benefit from utility bill credits, marking a significant advancement in renewable energy accessibility in the region. The completion of the CESIR process underscores the project's progress towards final permitting and financing phases, highlighting SolarBank's commitment to expanding clean energy solutions. For more details on the project's development, visit https://ibn.fm/9Oe8o.
Source Statement
This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,
