Curated News
By: NewsRamp Editorial Staff
July 08, 2025
SolarBank's NY Project Clears Key Regulatory Hurdle, Powers 850 Homes
TLDR
- SolarBank's 7.2 MW project in New York, cleared for interconnection, offers investors a stake in renewable energy with potential NYSERDA incentives up to US$0.395/W DC.
- SolarBank's Hoadley Hill Road project, a 7.2 MW community solar initiative, will power 850 homes via New York's grid, leveraging VDER compensation and NY-Sun incentives.
- SolarBank's community solar project in New York advances clean energy, reducing carbon footprints and supporting the state's goal of 6 GW solar capacity by 2025.
- Discover how SolarBank's innovative 7.2 MW solar project in New York is set to power 850 homes, marking a leap towards sustainable community energy solutions.
Impact - Why it Matters
This development is a significant step forward in the transition to renewable energy, showcasing how community solar projects can provide sustainable energy solutions without requiring individual on-site installations. It highlights the growing importance of solar energy in meeting state-wide renewable energy goals and offers a model for how businesses and residents can benefit from clean energy initiatives. The project's success underscores the potential for solar energy to play a pivotal role in the future of energy consumption, reducing reliance on fossil fuels and contributing to environmental sustainability.
Summary
SolarBank Corporation, a leading developer in the renewable energy sector, has achieved a significant milestone with its 7.2 MW Hoadley Hill Road ground-mount solar project in upstate New York. The project, which has successfully cleared the Coordinated Electric System Interconnection Review (CESIR), is set to power approximately 850 homes through New York’s grid. Supported by the state’s VDER compensation mechanism and potentially eligible for up to US$0.395/W DC in NYSERDA NY-Sun incentives, this community solar project offers residents and businesses the opportunity to receive bill credits without the need for on-site installations. With a robust pipeline exceeding 1 GW and over 100 MW already built, SolarBank is on a fast track to support New York’s ambitious goal of installing 6 GW of solar energy by 2025. For more details, visit https://ibn.fm/I9HY9.
SolarBank Corporation specializes in developing distributed and community solar projects across North America, including solar, Battery Energy Storage System (BESS), and EV Charging projects. The company's diverse portfolio aims to maximize returns by catering to utilities, commercial, industrial, municipal, and residential off-takers. With a potential development pipeline of over one gigawatt, SolarBank is at the forefront of the green energy revolution. Learn more about their initiatives at SolarBankCorp.com.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, SolarBank's NY Project Clears Key Regulatory Hurdle, Powers 850 Homes
