Curated News
By: NewsRamp Editorial Staff
September 02, 2025
PowerBank Advances NY Solar Project, Boosting Community Access to Clean Energy
TLDR
- PowerBank's Day Hollow solar project secures site control, offering investors exposure to New York's VDER program with an estimated first-year rate of US$0.0971/kWh.
- PowerBank's 2.8 MW Day Hollow solar project progresses to interconnection study phase after securing site control, qualifying under New York's VDER program for community solar.
- PowerBank's community solar project enables renters and homeowners to receive bill credits without on-site equipment, supporting New York's climate goals and renewable energy access.
- PowerBank develops a 2.8 MW ground-mount solar project in upstate New York, advancing clean energy infrastructure through community solar subscriptions.
Impact - Why it Matters
This development matters because it represents a tangible step toward making renewable energy more accessible and affordable for everyday consumers. Community solar projects like Day Hollow enable renters, low-income households, and those without suitable rooftops to participate in the clean energy transition and benefit from lower electricity costs. The project's progress supports New York's ambitious climate goals while demonstrating how distributed energy resources can create more resilient and equitable power systems. As energy prices continue to fluctuate and climate concerns grow, such initiatives provide a practical model for expanding renewable energy adoption without requiring individual property investments.
Summary
PowerBank Corporation (NASDAQ: SUUN, Cboe CA: SUNN, FSE: 103), a leading North American energy infrastructure developer and asset owner, has announced significant progress on its 2.8 MW Day Hollow ground-mount solar project in upstate New York. The project has secured site control, enabling it to advance to the interconnection study phase, and is expected to qualify under New York's Value of Distributed Energy Resources (VDER) program at an estimated first-year average rate of US$0.0971/kWh. As a community solar initiative, Day Hollow will allow renters, businesses, and homeowners to subscribe and receive bill credits without requiring on-site equipment, directly contributing to New York's Climate Leadership and Community Protection Act target of 6 GW of solar capacity by 2025.
PowerBank Corporation specializes in developing and owning renewable and clean energy projects, with a focus on distributed and community solar initiatives across Canada and the USA. The company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. With a potential development pipeline exceeding one gigawatt and over 100 megawatts of built capacity, PowerBank maximizes returns through a diverse portfolio across multiple leading North American markets. The company's strategic approach includes projects with utilities, host off-takers, community solar, and virtual net metering projects, positioning it as a key player in the green energy transition. For more information about PowerBank's innovative projects and corporate vision, visit their comprehensive corporate website.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, PowerBank Advances NY Solar Project, Boosting Community Access to Clean Energy
