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PowerBank Corp ( (TSE:SUNN) ) has shared an update.
PowerBank Corporation has secured approval for up to $1,965,579 in incentives from New York State’s NY-Sun Program for its 7 MW Jordan Rd 1 community solar project on brownfield land in Skaneateles Falls, New York, with the project also expected to qualify for up to an additional $1,576,520 through the Inclusive Community Solar Adder. The project, which has received municipal and brownfield-specific environmental approvals, is expected to generate enough clean energy to power about 875 homes annually, bolster New York’s drive toward 10 GW of solar by 2030, and reinforce PowerBank’s position in community solar, although it remains subject to permitting, financing, contract awards and potential changes to incentive regimes.
The most recent analyst rating on (TSE:SUNN) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on PowerBank Corp stock, see the TSE:SUNN Stock Forecast page.
More about PowerBank Corp
PowerBank Corporation is an independent renewable and clean energy project developer and owner focused on distributed and community solar projects in Canada and the U.S. The company develops solar and battery energy storage system projects that sell electricity to utilities, commercial and industrial clients, municipalities and residential off-takers across multiple North American markets, backed by a pipeline of over one gigawatt and more than 100 megawatts of completed capacity.
Technical Sentiment Signal: Buy
Current Market Cap: C$261.2M
For a thorough assessment of SUNN stock, go to TipRanks’ Stock Analysis page.