Curated News
By: NewsRamp Editorial Staff
July 08, 2025
SolarBank's NY Solar Project Clears Key Regulatory Hurdle
TLDR
- SolarBank's 7.2 MW project in New York offers investors a competitive edge with potential NYSERDA incentives up to US$0.395/W DC, enhancing renewable energy portfolios.
- SolarBank's Hoadley Hill Road project, cleared through CESIR, utilizes New York's VDER mechanism to power 850 homes, showcasing a structured approach to community solar development.
- By powering approximately 850 homes, SolarBank's project contributes to a cleaner grid, supporting New York's 6 GW solar goal by 2025 for a sustainable future.
- Discover how SolarBank's innovative community solar project in New York bypasses the need for on-site installations, offering bill credits to residents and businesses.
Impact - Why it Matters
This development is a significant step forward in New York's renewable energy landscape, showcasing the viability of community solar projects to meet energy needs sustainably. It not only contributes to the state's clean energy goals but also offers a model for how businesses and residents can benefit from solar energy without direct installation, making renewable energy more accessible and affordable. The project's success could inspire similar initiatives, accelerating the transition to a cleaner, more sustainable energy future.
Summary
SolarBank Corporation, a leader in renewable and clean energy project development, 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 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 potential NYSERDA NY-Sun incentives. This community solar project allows residents and businesses to benefit from 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 6 GW installed solar capacity by 2025. For more details, visit https://ibn.fm/ZvEKF.
SolarBank Corporation specializes in developing solar, Battery Energy Storage System (BESS), and EV Charging projects across North America, targeting utilities, commercial, industrial, municipal, and residential off-takers. The company's diverse portfolio and potential development pipeline of over one gigawatt underscore its commitment to advancing renewable energy solutions. 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 Solar Project Clears Key Regulatory Hurdle
