- The 5.7 MW North Main St solar project in upstate New York is expected to qualify under the state’s VDER compensation mechanism, with a first-year average rate of $0.0971/kWh.
- Once operational, the community solar project will provide energy equivalent to 670 homes.
- PowerBank has more than 100 MW of projects built and a development pipeline exceeding 1 GW.
- New York remains a central market, targeting 6 GW of solar capacity by 2025 under its Climate Leadership and Community Protection Act.
Disseminated on behalf of PowerBank Corporation
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., announced that its 5.7 MW North Main St solar project in upstate New York has cleared a major technical milestone with the completion of its Coordinated Electric System Interconnection Review (“CESIR”) (https://ibn.fm/MqTpK).
This review ensures that the planned project can connect safely to the local electric grid without adverse impacts, a prerequisite for moving forward with development. With the study finalized, the project will…
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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