Austin, Texas, United States, August 27th, 2025, FinanceWire
Disseminated on behalf of PowerBank Corporation
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a North American energy infrastructure developer and asset owner, announced that its 5.7 MW North Main St ground-mount solar project in upstate New York has completed its Coordinated Electric System Interconnection Review and will now advance to site permitting. The project is expected to qualify for New York’s Value of Distributed Energy Resources compensation mechanism with an estimated first-year average rate of US$0.0971/kWh. Once permitted and financed, construction will begin on the community solar initiative, which will deliver clean energy to the local grid while enabling renters, businesses and homeowners to subscribe for bill credits and savings. PowerBank, with over 100 MW of completed projects and a development pipeline exceeding 1 GW, said the project supports New York’s Climate Leadership and Community Protection Act goal of 6 GW of solar by 2025.
To view the full press release, visit https://ibn.fm/nrWvh
About PowerBank
PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.
To learn more about PowerBank, please visit www.powerbankcorp.com
This report contains forward-looking information. Please refer to https://ibn.fm/epWbE for additional details.
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