PowerBank Approved for $1,965,579 USD from NYSERDA for Jordan Rd 1 Solar Project and Project Receives NYSDEC Brownfield Approvals

Executive Summary

• PowerBank Corporation received NYSERDA approval for up to $1,965,579 USD in incentives for its 7 MW Jordan Rd 1 community solar project.
• The project is also eligible for an additional $1,576,520 USD under the Inclusive Community Solar Adder.
• Brownfield‑specific environmental approvals were obtained from NYS DEC, allowing the project to move toward construction and operation as a community solar asset expected to power ~875 homes annually.

Key Details

• Incentive Amount: Up to $1,965,579 USD under NYSERDA’s NY‑Sun Program.
• Additional Potential Incentives: Up to $1,576,520 USD via the Inclusive Community Solar Adder.
• Project Capacity: 7 MW community solar facility located on privately‑owned brownfield land in Skaneateles Falls, New York.
• Regulatory Approvals: Received municipal approvals (previously announced) and NYS Department of Environmental Conservation brownfield‑specific environmental clearance.
• Expected Output: Sufficient electricity to serve approximately 875 homes per year once operational.
• Pipeline Context: PowerBank cites a development pipeline exceeding 1 GW and over 100 MW of completed projects, underscoring the strategic significance of this addition.
• Risks Noted: Dependence on community solar contracts, permitting, third‑party financing, and potential changes to government incentive programs.

Notable Quotes

(No direct quotes were provided in the release.)