SolarBank to develop 7.2 MW DC solar power project in upstate New York

SolarBank (SUUN)plans to develop a 7.2 MW DC ground-mount solar power project known as the Hoadley Hill Rd project on a site in upstate New York, with a secured site lease and interconnection approval requested. Assuming the Project’s requested interconnection approval is received, the Company will continue to work to complete the permitting process and secure the necessary financing for the construction of the Project. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority NY-Sun Program. Once completed, the Project will be operated as a community solar project.