Curated News
By: NewsRamp Editorial Staff
September 10, 2025
PowerBank Secures Key Approvals for NY Community Solar Projects on Brownfield Sites
TLDR
- PowerBank gains municipal approvals for two community solar projects, advancing its 1 GW development pipeline and positioning investors for growth in renewable energy markets.
- PowerBank secured municipal approvals and will now pursue DEC approval before constructing solar projects on brownfield sites to deliver clean energy via subscription.
- These solar projects provide clean energy access to renters and homeowners without property installations, supporting New York's climate goals for a sustainable future.
- PowerBank transforms industrial brownfields into community solar farms, allowing local residents to subscribe and earn bill credits from clean energy generation.
Impact - Why it Matters
This development matters because it represents the growing trend of repurposing industrial brownfields for renewable energy production, addressing both environmental remediation and clean energy generation simultaneously. For local residents, these community solar projects provide access to clean energy and potential bill savings without requiring individual rooftop installations, making renewable energy more accessible to renters and homeowners alike. The projects directly support New York's ambitious climate goals while demonstrating how underutilized industrial land can be transformed into productive assets. For the renewable energy sector, PowerBank's success showcases the viability of community solar models and the importance of navigating complex regulatory environments to advance clean energy infrastructure.
Summary
PowerBank Corporation (NASDAQ: SUUN), a prominent North American energy infrastructure developer, has achieved a significant milestone by securing all necessary municipal approvals for two community solar projects on industrial brownfield sites in Skaneateles, New York. The company, which trades on multiple exchanges including Cboe CA and FSE, obtained variances, site plan approval, and a special use permit, paving the way for the projects to seek final approval from the New York Department of Environmental Conservation before construction begins. These developments highlight PowerBank's expertise in transforming underutilized industrial lands into productive clean energy assets.
The Skaneateles projects represent a crucial step in advancing New York's renewable energy goals under the Climate Leadership and Community Protection Act, which targets 6 GW of solar capacity by 2025. Once operational, the solar installations will deliver clean energy directly to the local grid, enabling renters and homeowners to subscribe and receive bill credits without installing panels on their properties. This community solar model expands access to renewable energy benefits beyond traditional rooftop installations. PowerBank's proven track record of developing over 100 MW of completed projects and maintaining a robust 1 GW development pipeline positions the company as a key player in the transition to sustainable energy infrastructure across North America.
As an independent renewable energy developer focusing on distributed and community solar projects, PowerBank maximizes returns through a diverse portfolio that includes utility-scale projects, host off-takers, and virtual net metering installations. The company's work in Battery Energy Storage System (BESS) projects further enhances grid reliability and renewable energy integration. For investors and stakeholders following ESG companies, PowerBank's progress demonstrates the growing viability of community solar models in meeting both environmental goals and consumer energy needs. Additional information about the company's initiatives can be found through ESGWireNews, which provides specialized coverage of Environmental, Social and Governance sector developments and public companies committed to sustainable practices.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, PowerBank Secures Key Approvals for NY Community Solar Projects on Brownfield Sites
