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20 MW of Solar and BESS Power Purchase Agreements Secured by PowerBank with the New York State Division of Military and Naval Affairs (DMNA)
PowerBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") announces that it has executed lease and power purchase agreements with the New York State Division of Military and Naval Affairs (DMNA) for the development of a portfolio of ground mount, rooftop and parking canopy solar power projects and battery energy storage systems with a cumulative total of 20 MW DC (the "Projects"). PowerBank intends to develop, finance and construct the Projects, a combination
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[{"type":"list","items":[{"val":[{"type":"text","content":"50 installations and 20,000 military personnel and 50 installations across New York are under DMNA responsibility","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Long term power purchase agreements have an initial 20-25 year life","length":67,"tagName":"p"}]},{"val":[{"type":"text","content":"Eligible to participate in the NYSUN program to receive NYSERDA incentives","length":74,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":254,"olType":false},{"type":"text","content":"TORONTO, Oct. 14, 2025 /CNW/ - PowerBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") announces that it has executed lease and power purchase agreements with the New York State Division of Military and Naval Affairs (DMNA) for the development of a portfolio of ground mount, rooftop and parking canopy solar power projects and battery energy storage systems with a cumulative total of 20 MW DC (the "Projects"). PowerBank intends to develop, finance and construct the Projects, a combination of behind-the-meter systems and community solar projects on land owned by the DMNA. Once operational, the clean energy generated by the Projects will be sold to the DMNA under long term power purchase agreements that have an initial term of 20 years or will be sold to local residents through community solar subscriptions.","length":885,"tagName":"p"},{"type":"image","alt":"PowerBank Logo (CNW Group/PowerBank Corporation)","displaySize":"","headline":null,"caption":"PowerBank Logo (CNW Group/PowerBank Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":386,"height":78,"url":"https://media.zenfs.com/en/prnewswire.com/de6baa695245f8692fd92a510841e8ed"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8j86Ln3nXyG_rWEVIM4otA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/de6baa695245f8692fd92a510841e8ed","width":386,"height":78}},"href":"https://mma.prnewswire.com/media/2793738/PowerBank_Corporation_20_MW_of_Solar_and%C2%A0BESS_Power_Purchase_Agr.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"PowerBank, through its US subsidiary Abundant Solar Power, was selected in a competitive bidding process managed by the New York Power Authority (NYPA) for the d...