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PowerBank Announces Safe Harbor of 15 Distributed Solar and Energy Storage Projects in New York State
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 the execution of equipment procurement agreements for 15 late-stage distributed solar and energy storage projects (the "Projects") across New York state through wholly owned subsidiaries. The projects are expected to bring approximately 67 MW DC of solar and 11 MWh of energy storage to the State. T
About this update from Powerbank Corporation
[{"type":"text","content":"US$168 Million Construction Value of Projects ","length":45,"tagName":"p","attribs":{}},{"type":"text","content":"US$65 Million Estimated Value of Potential Tax Credits","length":54,"tagName":"p","attribs":{}},{"type":"text","content":"Projects to Power Equivalent of 7,500 Homes","length":43,"tagName":"p","attribs":{}},{"type":"text","content":"Community Solar and Energy Storage Projects Remain Eligible for 30% Investment Tax Credit and Potential Bonus Adders","length":116,"tagName":"p","attribs":{}},{"type":"text","content":"This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated June 5, 2025 to its short form base shelf prospectus dated May 7, 2025","length":204,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Dec. 2, 2025 /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 the execution of equipment procurement agreements for 15 late-stage distributed solar and energy storage projects (the "Projects") across New York state through wholly owned subsidiaries. The projects are expected to bring approximately 67 MW DC of solar and 11 MWh of energy storage to the State. This procurement is expected to enable the Projects to remain eligible for United States federal Investment Tax Credits for energy projects under the One Big Beautiful Bill Act of 2025. Physical work on the procured equipment is expected to safe harbor the Projects by December 31, 2025. The Projects will have met the IRS Physical Work Test prior to the July 4, 2026 deadline under the United States One Big Beautiful Bill Act.","length":992,"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/cnwgroup.com/df4d6f32323e5ce4f093edb8bbc489a3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lDhMxE9DeoimYWqjL01QEQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0MjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/df4d6f32323e5ce4f093edb8bbc489a3","width"...