PowerBank Announces 1.76 MW Solar Project in Upstate New York

Executive Summary

• PowerBank Corporation executed a lease for the NY‑Hemlock Hill solar project, a 1.76 MW DC ground‑mount facility in Upstate New York.
• The project will be developed as a community‑solar asset and is expected to serve roughly 200 homes once operational.
• PowerBank is moving forward with interconnection filings, permitting, and financing arrangements; the project supports NY’s goal of 6 GW solar capacity by 2025.

Key Details

• Project Size: 1.76 MW DC (ground‑mount).
• Location: Hemlock Hill, Upstate New York.
• Lease Agreement: Executed with landowner; project now under PowerBank’s control.
• Incentives: Anticipated eligibility for NYSERDA’s NY‑Sun Program incentives.
• Development Status: Interconnection application submitted; preliminary screening analysis underway. Pending interconnection approval, permitting and financing will be pursued.
• Community Solar Model: Once online, the facility will operate as a community solar project, allowing renters/homeowners to subscribe and receive electricity bill credits. Expected to power ~200 homes.
• Strategic Fit: Adds to PowerBank’s portfolio of >100 MW completed projects and a pipeline exceeding 1 GW; reinforces its position in North American distributed/community solar markets.
• Regulatory Context: Aligns with New York’s Climate Leadership and Community Protection Act target of 6 GW solar capacity by 2025.

Notable Quotes

(No direct quotes were provided in the release.)