PowerBank Secures Municipal Approvals for Skaneateles Community Solar Projects
PowerBank Corporation has obtained all required municipal approvals for two community solar projects in Skaneateles, New York, advancing the state's renewable energy goals and providing local residents access to clean energy without property installations.
PowerBank Corporation (NASDAQ: SUUN) has secured all necessary municipal approvals for two community solar projects located on industrial brownfield sites in Skaneateles, New York. The company obtained variances, site plan approval, and a special use permit for the projects in Onondaga County, marking a significant milestone in the development process.
The projects will now seek approval from the New York Department of Environmental Conservation before construction can commence. Once operational, these solar installations will deliver clean energy to the local grid, enabling both renters and homeowners to subscribe to the community solar program and receive bill credits without requiring solar panel installations on their individual properties.
This development supports New York's Climate Leadership and Community Protection Act, which aims to achieve 6 gigawatts of solar capacity by 2025. PowerBank brings substantial experience to these projects, having completed more than 100 megawatts of renewable energy projects and maintaining a development pipeline of 1 gigawatt. The company focuses on distributed and community solar projects across North America, developing solar and Battery Energy Storage System projects that sell electricity to various off-takers including utilities, commercial entities, industrial customers, municipal organizations, and residential consumers.
For additional information about the company's projects and development pipeline, visit https://www.powerbankcorp.com. Forward-looking statements in this announcement are subject to risks and uncertainties as detailed in the company's SEC filings available at https://ibn.fm/xDPgd.