FAQ: PowerBank Corporation's 5.7 MW North Main St Solar Project in New York

What is the main topic of this announcement?

PowerBank Corporation is advancing its 5.7 MW North Main St ground-mount solar project in upstate New York after completing the Coordinated Electric System Interconnection Review (CESIR), moving it to site permitting.

Where is this solar project located?

The project is located on North Main St in upstate New York.

What is the capacity of this solar project?

The project has a capacity of 5.7 megawatts (MW).

What stage has the project completed and what is the next step?

The project has completed its Coordinated Electric System Interconnection Review (CESIR) and will now advance to site permitting.

What compensation mechanism is this project expected to qualify for?

The project is expected to qualify for New York’s Value of Distributed Energy Resources compensation mechanism with an estimated first-year average rate of US$0.0971/kWh.

Who will benefit from this community solar initiative?

The project will deliver clean energy to the local grid while enabling renters, businesses, and homeowners to subscribe for bill credits and savings.

How does this project support New York’s climate goals?

The project supports New York’s Climate Leadership and Community Protection Act goal of achieving 6 GW of solar by 2025.

What is PowerBank Corporation’s experience in renewable energy projects?

PowerBank has over 100 MW of completed projects and a development pipeline exceeding 1 GW, focusing on distributed and community solar projects in Canada and the USA.

Where can I find more information about PowerBank Corporation?

More information is available at www.powerbankcorp.com and the latest news is available at https://ibn.fm/SUUN.

What types of projects does PowerBank develop beyond solar?

PowerBank develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers.