- PowerBank Corporation has secured all required municipal approvals for two 14.4 MW solar projects in the community of Skaneateles in upstate New York.
- The projects will be built on industrial brownfield sites in Onondaga County, repurposing unused land, with the projects supporting New York’s Climate Leadership and Community Protection Act goal of 6 GW of solar capacity by 2025.
- The company is now awaiting approval from the New York Department of Environmental Conservation and intends to begin construction if approval and financing are received.
- Once operational, the projects will provide clean energy to the grid, with subscribers earning credits on their electricity bill every month.
- PowerBank has more than 100 MW of completed projects and a 1 GW pipeline across North America.
Disseminated on behalf of PowerBank Corporation
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is moving forward with two new community solar projects in Skaneateles, New York, totaling 14.4 megawatts of capacity (https://ibn.fm/yLdyR). The company announced that it has obtained all municipal approvals, including variances, site plan approval, and a special use permit. The projects are now pursuing approval from the New York Department of Environmental Conservation (“DEC”) before construction can begin.
The two solar projects will be built on industrial brownfield sites in Onondaga County, within the Finger Lakes region. This approach provides an environmentally beneficial reuse of sites that have otherwise limited economic potential. By installing panels on these brownfields, PowerBank is also addressing…
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN
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