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Production / Operations

PowerBank Receives $1.47 Million USD from NYSERDA for Geddes Solar Project

By The Northwire Desk — AI Analysis Nov 04, 2025 · 07:07 SUNN · 2.33 POWERBANK CORPORATION
SUNN · Price

Executive Summary

  • PowerBank Corporation received a Commercial Operation Payment of $1.47 million USD from NYSERDA for its 3.79 MW Geddes Solar Power Project in New York State.
  • The project also qualifies for an additional $245,000 USD under the Inclusive Community Solar Adder, bringing total anticipated incentive proceeds to ~$1.72 million USD.
  • The payment reflects successful qualification for multiple NY‑Sun program adders (Megawatt Block, Community Adder, Landfill/Brownfield Adder) and supports PowerBank’s pipeline of >1 GW of development capacity.

Key Details

  • Project: Geddes Solar Power Project – 3.79 MW operating community solar facility built on a closed landfill in New York State.
  • Incentive Received: $1.47 million USD (Commercial Operation Payment) from NYSERDA’s NY‑Sun Program.
  • Additional Incentives Expected: $245,000 USD under the Inclusive Community Solar Adder (ICSA).
  • Program Adders Qualified:
  • Megawatt Block
  • Community Adder
  • Landfill/Brownfield Adder
  • Power Output Impact: Sufficient energy to power approximately 450 homes annually.
  • Company Portfolio Context: PowerBank has completed >100 MW of projects and maintains a development pipeline exceeding 1 GW.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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