PowerBank Corporation Leases Site for 6.9 MW Community Solar Project in New York's Capital District

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) has executed a lease agreement for its 6.9 MW DC NY-Crawford Rd ground-mount solar project located in New York's Capital District. The project is expected to qualify for incentives under NYSERDA's NY-Sun Program and will deliver clean, cost-saving power to local residents through a community solar model.

The company is currently advancing interconnection and permitting processes while securing project financing. PowerBank leverages its extensive experience, having completed over 100 MW of solar projects and maintaining a 1 GW development pipeline. This project directly supports New York's ambitious 6 GW solar capacity goal established under the state's Climate Leadership and Community Protection Act.

Community solar projects like NY-Crawford Rd enable residents who cannot install solar panels on their own properties to access renewable energy benefits. This model democratizes clean energy access while contributing to grid stability and reducing carbon emissions in the region. The project represents a significant step in New York's transition toward a more sustainable energy infrastructure.

PowerBank's development of this project comes at a critical time as New York accelerates its renewable energy deployment to meet climate targets. The company's track record in developing distributed and community solar projects positions it well to contribute meaningfully to the state's clean energy transition. Additional information about the company is available at https://www.powerbankcorp.com.

The full press release containing details about this development can be accessed at https://ibn.fm/RAVhE. Investors seeking the latest news and updates relating to SUUN can find information in the company's newsroom at https://ibn.fm/SUUN. Forward-looking information contained in company reports includes additional details available at https://ibn.fm/OJgw0.