SolarBank (SUUN) Corporation announces that its 7.2 MW Hoadley Hill Road ground-mount solar project in upstate New York has officially cleared a key milestone: the Coordinated Electric System Interconnection Review, CESIR. This critical regulatory green light paves the way for the next major steps -securing full site permits, financing and preparing for construction. The Project is slated to deliver enough power to serve approximately 850 homes and will feed directly into the local grid. Backed by New York’s VDER compensation mechanism, the Project is currently projected to receive US$0.0971/kWh in year-one average compensation.
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