PowerBank (SUUN) announces a new 2.1 MW solar project located on a closed landfill in upstate New York, known as Phillips Rd. The Company secured site control on the Project in the form of a land lease and received positive results through its Coordinated Electric System Interconnection Review and now can proceed to permitting with local authorities. The Phillips Rd project is poised to qualify for New York’s Value of Distributed Energy Resources compensation mechanism under Case 15-E-0751, with an estimated first-year average rate of US$0.0971/kWh.
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