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Production / Operations

Powerbank adds details on 15 N.Y. solar projects

By The Northwire Desk — AI Analysis Dec 04, 2025 · 17:01 SUNN · 2.29 Powerbank Corp
SUNN · Price

Executive Summary

  • Powerbank Corp. provided additional details regarding the safe harbor of 15 late-stage distributed solar and energy storage projects in New York State, with a total construction value of $168 million USD.
  • The portfolio comprises approximately 67-megawatt DC (MWdc) of solar capacity and 11 megawatt-hours (MWh) of energy storage, with 14 of the 15 projects having secured positive interconnection studies with local utilities.
  • Powerbank retains the option to act as the independent power producer (owner) for some or all projects and intends to deliver the full Engineering, Procurement, and Construction (EPC) scope regardless of ownership status.

Key Details

  • Total Construction Value: $168 million USD.
  • Project Count: 15 late-stage distributed solar and energy storage projects.
  • Location: New York State.
  • Capacity:
    • Solar: Approximately 67 MWdc.
    • Energy Storage: 11 MWh.
    • Impact: Combined power could supply approximately 7,500 homes.
  • Project Sizes:
    • Distributed Solar: Ranging from 500 kWdc to 7 MWdc.
    • Battery Energy Storage Systems (BESS): Ranging from 1.2 MWh to 8 MWh.
  • Regulatory/Utility Status:
    • 14 of the 15 projects have secured positive interconnection studies with local utilities.
    • Company is currently working to complete permitting and secure financing for construction.
  • Operational Model:
    • Projects will operate as either community solar or net-metred projects.
    • Community solar allows subscribers to earn bill credits without on-site installation.
    • Net-metred projects provide on-site power with excess exported to the grid via VDER compensation.
  • Company Pipeline:
    • Completed projects: Over 100 MW.
    • Development pipeline: Exceeding 1 gigawatt.
  • Strategic Context: Projects support New York's goal of 10 GW of distributed solar and 6 GW of energy storage by 2030.

Notable Quotes

  • "Powerbank has the option to continue as the owner on some or all of the projects under its expanding portfolio as an independent power producer and intends on delivering the full EPC scope for the projects whether it retains ownership or not."
Read the original news release →

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