FAQ: PowerBank's 6.9 MW NY-Crawford Rd Community Solar Project in New York's Capital District
Summary
PowerBank Corporation has leased a site for a 6.9 MW DC ground-mount solar project in New York's Capital District that will deliver clean, cost-saving power to local residents through a community solar model. The project supports New York's 6 GW solar capacity goal under the state's Climate Leadership and Community Protection Act and leverages PowerBank's track record of over 100 MW of completed solar projects.
What is the main announcement in this content?
PowerBank Corporation has executed a lease agreement for its 6.9 MW DC NY-Crawford Rd ground-mount solar project in New York’s Capital District. The project will deliver clean, cost-saving power to local residents through a community solar model and is expected to qualify for incentives under NYSERDA’s NY-Sun Program.
Where is this solar project located?
The NY-Crawford Rd solar project is located in New York’s Capital District, specifically on a leased site for a ground-mount solar installation that will serve the local community through the community solar model.
What is PowerBank Corporation and what is their experience in solar development?
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.
How will this project benefit local residents?
The project will deliver clean, cost-saving power to local residents through a community solar model, allowing them to access renewable energy benefits without installing solar panels on their own properties. The project is also expected to qualify for incentives under NYSERDA’s NY-Sun Program.
What is the current status of the NY-Crawford Rd project?
PowerBank is currently advancing interconnection and permitting steps while securing project financing for the 6.9 MW DC ground-mount solar project. The company has executed the lease agreement and is moving forward with development activities.
How does this project support New York’s energy goals?
This project supports New York’s 6 GW solar capacity goal under the state’s Climate Leadership and Community Protection Act. PowerBank is leveraging its track record and development pipeline to contribute to the state’s renewable energy objectives through community solar development.
What types of projects does PowerBank typically develop?
PowerBank develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The company focuses on distributed and community solar projects, including projects with utilities, host off-takers, community solar, and virtual net metering projects.
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 (PowerBank’s stock symbol), visit https://ibn.fm/SUUN. The full press release is available at https://ibn.fm/RAVhE.
What stock exchanges does PowerBank trade on?
PowerBank Corporation trades on multiple exchanges under different symbols: NASDAQ (SUUN), Cboe CA (SUNN), and FSE (103). This multi-exchange listing provides investors with various options for accessing the company’s stock.
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