Curated News
By: NewsRamp Editorial Staff
April 10, 2025
SolarBank Developing 7.2 MW Solar Project in Upstate New York
TLDR
- SolarBank secures $19 million USD in equity financing, gaining a financial edge in renewable energy development.
- Solar Simplified manages customer acquisition and billing for the Hoadley Hill Rd project, supporting local clean energy generation.
- The community solar installation by SolarBank will power 850 homes, reducing carbon footprint and promoting sustainable living.
- SolarBank's new solar power installation in upstate New York enhances renewable energy access and contributes to a greener future.
Impact - Why it Matters
This news highlights the expansion of renewable energy initiatives, providing clean power to local residents and reducing reliance on traditional grid systems. The project showcases the shift towards sustainable energy solutions and demonstrates the potential for community involvement in supporting green technologies.
Summary
SolarBank is developing a 7.2 megawatt solar project in upstate New York, set to power 850 homes through a community solar installation. Solar Simplified will handle customer acquisition and billing, potentially qualifying for incentives under the NYSERDA NY-Sun Program. To support growth, SolarBank secured $19 million in equity financing.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, SolarBank Developing 7.2 MW Solar Project in Upstate New York
