SUUN News & Events

PowerBank's 7 MW Jordan Rd 1 community solar project located on privately-owned brownfield lands in Skaneateles Falls, New York has been approved for up to $1,965,579 in incentives through the New York State Energy Research and Development Authority, or NYSERDA, NY-Sun Program. The Project is also expected to qualify for up to an additional $1,576,520 in NY-Sun incentives through the Inclusive Community Solar Adder. The Project has received its brownfield-specific environmental approvals to operate from the NYS Department of Environmental Conservation. The NY-Sun Program is a public-private partnership that aims to drive growth in the solar industry and make solar technology more affordable for New Yorkers. The Jordan Rd Project is expected to deliver enough energy to power approximately 875 homes annually.

PowerBank and GrandBridge signed an agreement to jointly develop and invest in solar energy and battery storage projects in Ontario. Pursuit of projects through alternative commercialization opportunities, including Virtual Power Purchase Agreements, Net Metering, and other procurement programs and mechanisms. PowerBank will lead project development and construction. GrandBridge will provide development and construction capital and co-own the projects with PowerBank. The Agreement establishes a collaborative framework for developing electricity storage and generation projects with nameplate capacity of 2 MWac or greater within GrandBridge Energy's service territory in Ontario, Canada. PowerBank and GrandBridge will collaborate exclusively during a three-year development period on qualifying projects within the defined territory. The partnership features an 80/20 ownership structure, with GrandBridge holding an 80% ownership interest and PowerBank holding a 20% ownership interest in projects upon Financial Close.

PowerBank is pleased to announce that its 2.6 MW Elmira Solar Power Project in New York State has been approved for up to $309,720 USD in incentives through the New York State Energy Research and Development Authority NY-Sun Program. PowerBank will now enroll the project in the Inclusive Community Solar Adder stream of the NY-Sun program, which could provide up to an additional $545,107 in NY-Sun funding.