FAQ: PowerBank Corporation's Day Hollow Solar Project in New York

What is the main announcement from PowerBank Corporation?

PowerBank Corporation has secured site control for its 2.8 MW Day Hollow ground-mount solar project in upstate New York, enabling progression to the interconnection study phase. This project is designed as a community solar initiative.

Where is the Day Hollow solar project located?

The Day Hollow solar project is located in upstate New York, though the specific county or town is not detailed in the provided content.

What is the capacity of the Day Hollow solar project?

The Day Hollow solar project has a capacity of 2.8 megawatts (MW), making it a significant distributed energy resource in the region.

How will this project benefit local residents and businesses?

As a community solar initiative, Day Hollow will allow renters, businesses, and homeowners to subscribe and receive bill credits without needing on-site equipment. This provides access to solar energy benefits for those who cannot install panels themselves.

What program will this project qualify under and what are the expected rates?

The project is expected to qualify under New York’s Value of Distributed Energy Resources (VDER) program at an estimated first-year average rate of US$0.0971/kWh. This program values distributed energy resources based on their locational and temporal benefits.

How does this project contribute to New York’s renewable energy goals?

The Day Hollow project contributes to New York’s Climate Leadership and Community Protection Act target of 6 GW of solar capacity by 2025. It represents progress toward the state’s ambitious renewable energy objectives.

What is PowerBank Corporation’s expertise and track record?

PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The company has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built and has a potential development pipeline of over one gigawatt.

Where can I find more information about PowerBank Corporation?

To learn more about PowerBank, please visit www.powerbankcorp.com. For the latest news and updates relating to SUUN (their stock symbol), visit https://ibn.fm/SUUN.

What is the current status of the Day Hollow project?

The project has secured site control and is now progressing to the interconnection study phase. This is a critical step in the development process before construction can begin.

Who is disseminating this information and what is their role?

This information is disseminated on behalf of PowerBank Corporation by GreenEnergyStocks, which is a specialized communications platform focused on companies working in the green economy. GreenEnergyStocks is part of the InvestorBrandNetwork portfolio.