PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) announced it 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 is expected to qualify for incentives under NYSERDA’s NY-Sun Program and will deliver clean, cost-saving power to local residents through a community solar model. This development marks a significant step in PowerBank's expansion in the New York market, aligning with the state’s Climate Leadership and Community Protection Act, which targets 6 GW of solar capacity.
The NY-Crawford Rd project is part of PowerBank’s strategy to develop and own distributed and community solar assets across North America. With a track record of over 100 MW of completed solar projects and a 1 GW development pipeline, PowerBank is well-positioned to support New York’s renewable energy ambitions. The company is advancing interconnection and permitting steps while securing project financing. Community solar projects like this one enable residents who cannot install rooftop solar to benefit from clean energy and lower electricity bills.
PowerBank’s focus on community solar and battery storage projects addresses growing demand for decentralized renewable energy. The company sells electricity to utilities, commercial, industrial, municipal, and residential off-takers, maximizing returns through a diverse portfolio. This project underscores PowerBank’s commitment to expanding access to clean energy in underserved markets. For more details, the full press release is available at https://ibn.fm/RAVhE.
Investors and stakeholders can find additional forward-looking information and disclaimers at https://ibn.fm/OJgw0. The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN.
