FAQ: PowerBank Corporation's Day Hollow Solar Project in New York

What is the main announcement from PowerBank Corporation?

PowerBank has secured site control for its 2.8 MW Day Hollow ground-mount solar project in upstate New York, enabling progression to the interconnection study phase.

Where is the Day Hollow solar project located?

The project is located in upstate New York.

What is the capacity of the Day Hollow solar project?

The project has a capacity of 2.8 megawatts (MW).

How will this solar project benefit local residents and businesses?

As a community solar initiative, Day Hollow will allow renters, businesses, and homeowners to subscribe and receive bill credits without requiring on-site equipment.

What program is this project expected to qualify under and what rate is anticipated?

The project is expected to qualify under New York’s Value of Distributed Energy Resources (VDER) program at an estimated first-year average rate of US$0.0971/kWh.

How does this project contribute to New York’s renewable energy goals?

The project contributes to New York’s Climate Leadership and Community Protection Act target of 6 GW of solar capacity by 2025.

What type of company is PowerBank Corporation?

PowerBank is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA, including solar and Battery Energy Storage System (BESS) projects.

What is PowerBank’s development experience and pipeline?

The company has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built and has a potential development pipeline of over one gigawatt.

Where can I find more information about PowerBank Corporation?

You can visit www.powerbankcorp.com or access the latest news and updates at https://ibn.fm/SUUN.

What is GreenEnergyStocks and its role in this announcement?

GreenEnergyStocks is a specialized communications platform focused on green economy companies that disseminated this press release on behalf of PowerBank Corporation.