Curated News
By: NewsRamp Editorial Staff
April 29, 2025
SolarBank Corp Plans 7.2 MW Solar Project in New York
TLDR
- SolarBank (NASDAQ: SUUN) announced plans for a 7.2 MW DC ground-mount solar project in New York, providing competitive advantage in renewable energy market.
- The Glor Rd project will operate under New York's VDER rate mechanism, offering clean energy access without personal panel installations.
- Once completed, the project will provide community solar benefits, making tomorrow brighter with clean energy access for local residents.
- Solar Simplified will manage customer-facing activities, maximizing revenue and supporting full subscription for the solar project in upstate New York.
Impact - Why it Matters
This news matters as SolarBank Corp's project aims to provide clean energy access to local residents without personal panel installations, contributing to a more sustainable future. The development of renewable energy projects like this can help reduce carbon footprint and reliance on traditional energy sources.
Summary
SolarBank Corporation announced plans to develop the Glor Rd project, a 7.2 MW DC ground-mount solar installation in upstate New York. The project will operate under New York’s VDER rate mechanism and is expected to qualify for NYSERDA NY-Sun Program incentives, providing community solar benefits. Solar Simplified will manage customer-facing activities to support full subscription and maximize revenue.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, SolarBank Corp Plans 7.2 MW Solar Project in New York
