Business
PowerBank Advances 2.8 MW Day Hollow Solar Project in New York, With Capacity to Power 374 Homes
PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a leader in North American energy infrastructure development and asset ownership, proudly announces that its 2.8 MW Day Hollow ground-mount solar project in upstate New York has secured site control, enabling progression to the interconnection study phase.
About this update from Powerbank Corporation
[{"type":"text","content":"TORONTO, Sept. 2, 2025 /CNW/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a leader in North American energy infrastructure development and asset ownership, proudly announces that its 2.8 MW Day Hollow ground-mount solar project in upstate New York has secured site control, enabling progression to the interconnection study phase.","length":352,"tagName":"p"},{"type":"text","content":"The Day Hollow project is poised to qualify for New York's Value of Distributed Energy Resources (VDER) compensation mechanism under Case 15-E-0751, with an estimated first-year average rate of US$0.0971/kWh. This VDER rate ensures fair compensation for clean energy delivered to the grid, reinforcing the project's financial and environmental viability.","length":362,"tagName":"p"},{"type":"text","content":"Upon securing permits and financing, PowerBank will commence construction, with the project set to operate as a community solar initiative. This innovative model enables renters, businesses, and homeowners to subscribe to the solar farm, receiving bill credits and savings without installing on-site equipment. By feeding clean energy directly into the local grid, Day Hollow offers an accessible pathway for New Yorkers to embrace the clean energy transition.","length":460,"tagName":"p"},{"type":"text","content":"PowerBank's proven expertise, with over 100 MW of completed projects and a development pipeline exceeding 1 GW, underpins the project's execution. Strategic partnerships and institutional-grade development capabilities position PowerBank to deliver reliable, high-impact renewable energy solutions.","length":306,"tagName":"p"},{"type":"text","content":"The Day Hollow project advances New York's ambitious Climate Leadership and Community Protection Act goal of 6 GW of solar capacity by 2025. As a national leader in community solar, New York accounts for nearly one-third of the United States' 6.2 GW of installed solar capacity, and PowerBank is honored to contribute to this transformative milestone.","length":359,"tagName":"p"},{"type":"text","content":"There are several risks associated with the development of the Project. The development of any project is subject to receipt of a community solar contract, receipt of interconnection approval and required permits, the availability of third-party finan...