Business
PowerBank Advances 3.1 MW Hybrid Solar and BESS project on a Closed Landfill in NY
PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, is pleased to announce an update on the development of the NY-South Park project (the "Project"), located on a closed landfill site in Buffalo, New York. The Project was first announced here, with a progress update shared here. The Project has now secured all discretionary municipal approvals to enable the project to mov
About this update from Powerbank Corporation
[{"type":"text","content":"388 Homes Expected to be Powered by the Community Solar Project","length":63,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, March 24, 2026 /CNW/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, is pleased to announce an update on the development of the NY-South Park project (the "Project"), located on a closed landfill site in Buffalo, New York. The Project was first announced here, with a progress update shared here. The Project has now secured all discretionary municipal approvals to enable the project to move forward, including a negative declaration under SEQRA, area and use variances and a zoning map amendment. The Company is currently pursuing NYS Department of Environmental Conservation approval to enter construction on the Project.","length":795,"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":400,"height":62,"url":"https://media.zenfs.com/en/prnewswire.com/aec6d2f0f12e96da4a22114044ab370f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Z0qOyYehlL6MRSrus0rGsQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwOQ--/https://media.zenfs.com/en/prnewswire.com/aec6d2f0f12e96da4a22114044ab370f","width":400,"height":62}},"href":"https://mma.prnewswire.com/media/2940557/PowerBank_Corporation_PowerBank_Advances_3_1_MW_Hybrid_Solar_and.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Following receipt of the final construction approval and financing, the Company intends to commence the construction of the Project. Once completed, the Project will be operated as a community solar project. Community solar is a group of solar panels with access to the local electricity grid. Once the panels are turned on and generating electricity, clean energy from the site feeds into the local power grid. Depending on the size and number of panels the project has, dozens or even hundreds of renters and homeowners can save money from the electricity that is generated by the project. By subscribing to a project, a homeowner earns credits on their electric bill ev...