Curated News
By: NewsRamp Editorial Staff
September 15, 2025
PowerBank Expands US Solar Portfolio with New York and Pennsylvania Projects
TLDR
- PowerBank expands its renewable portfolio with new solar projects, creating strategic advantages in growing markets and enhancing shareholder value through recurring revenue streams.
- PowerBank's 2.8 MW NY and 3.16 MW PA solar projects are progressing through interconnection studies, with PA contingent on House Bill 1842 approval for community solar.
- These solar projects will provide clean energy for hundreds of homes, reducing carbon emissions and supporting sustainable community development in New York and Pennsylvania.
- PowerBank now develops over 100 MW of renewable energy with a 1 GW pipeline, demonstrating rapid growth in the expanding North American solar market.
Impact - Why it Matters
This expansion matters because it represents tangible progress in the transition to renewable energy at the community level. Distributed solar projects like these reduce reliance on fossil fuels, lower carbon emissions, and provide local communities with cleaner, more resilient energy sources. The success of these projects could pave the way for similar developments nationwide, accelerating the adoption of solar energy and creating new economic opportunities in the renewable sector while addressing climate change concerns.
Summary
PowerBank Corporation (NASDAQ: SUUN, Cboe CA: SUNN, FSE: GY2), a premier developer and owner of renewable energy projects, has announced significant expansion of its U.S. portfolio with two new solar developments. The company has secured site control for a 2.8 MW solar project in upstate New York's Day Hollow area and a 3.16 MW project in Pennsylvania, both now progressing to the critical interconnection study phase before construction can begin.
The New York project stands out as it could generate enough electricity to power approximately 374 homes and is expected to qualify under New York's innovative Value of Distributed Energy Resources (VDER) program, which provides favorable compensation rates for distributed energy generation. Meanwhile, the Pennsylvania project's viability hinges on the final approval of House Bill 1842, legislation that would authorize community solar programs throughout the state, potentially opening new markets for renewable energy development.
These developments underscore PowerBank's growing momentum as the company has now developed over 100 MW of renewable energy projects with an impressive pipeline exceeding 1 GW. The company's strategic approach focuses on building a portfolio of cash-generating independent power producer assets for recurring revenue or completing strategic project sales, creating value for all stakeholders while expanding its North American footprint through distributed and community solar initiatives.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, PowerBank Expands US Solar Portfolio with New York and Pennsylvania Projects
