Curated News
By: NewsRamp Editorial Staff
September 12, 2025
PowerBank Expands US Solar Portfolio with New York and Pennsylvania Projects
TLDR
- PowerBank expands its renewable energy portfolio with new solar projects in New York and Pennsylvania, creating strategic advantages for investors through recurring revenue and asset growth.
- PowerBank's 2.8 MW New York and 3.16 MW Pennsylvania solar projects are progressing through interconnection studies, with Pennsylvania awaiting House Bill 1842 approval for community solar.
- PowerBank's solar projects will provide clean energy for hundreds of homes, reducing carbon emissions and advancing sustainable energy solutions for communities in New York and Pennsylvania.
- PowerBank has developed over 100 MW of renewable energy with a 1 GW pipeline, showcasing significant growth in North American solar infrastructure development.
Impact - Why it Matters
This development matters because it represents significant progress in the transition to renewable energy infrastructure in key northeastern markets. The expansion of community solar projects directly impacts local communities by increasing access to clean energy, potentially lowering electricity costs for residents, and creating green jobs during construction and maintenance phases. For Pennsylvania specifically, the project's advancement could help catalyze the state's renewable energy sector if House Bill 1842 passes, setting a precedent for other states considering community solar programs. From an investment perspective, PowerBank's growing portfolio of over 100 MW developed and 1 GW pipeline demonstrates the accelerating commercial viability of solar energy and the company's position as a key player in North America's clean energy transition.
Summary
PowerBank Corporation (NASDAQ: SUUN, Cboe CA: SUNN, FSE: GY2), a premier developer and owner of renewable energy projects specializing in distributed and community solar initiatives across North America, 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 and a 3.16 MW project in Pennsylvania, both now progressing to the critical interconnection study phase before construction can begin.
The Day Hollow project in New York is particularly noteworthy as it could supply enough electricity for approximately 374 homes and is expected to qualify under New York's Value of Distributed Energy Resources (VDER) program, which provides favorable compensation rates for distributed energy resources. The Pennsylvania project's advancement depends on the final approval of House Bill 1842, which would authorize community solar programs in the state, potentially opening new markets for renewable energy development.
This expansion builds on PowerBank's impressive track record of developing over 100 MW of renewable energy projects, with a current pipeline exceeding 1 GW. The company's strategy focuses on creating value for all stakeholders by growing its portfolio of cash-generating independent power producer assets for recurring revenue or completing strategic project sales. These developments are part of PowerBank's broader mission to expand its North American footprint in the rapidly growing renewable energy sector.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, PowerBank Expands US Solar Portfolio with New York and Pennsylvania Projects
