FAQ: PowerBank Corporation's 20 MW Solar and Storage Project with New York State DMNA
Summary
PowerBank Corporation has secured agreements with the New York State Division of Military and Naval Affairs to develop a 20 MW portfolio of solar and battery storage projects across multiple Army National Guard facilities. This project supports DMNA's resiliency, climate, and cost-saving goals, with construction expected to begin by the end of 2025.
What is the main announcement in this content?
PowerBank Corporation has executed lease and power purchase agreements with the New York State Division of Military and Naval Affairs to develop a 20 MW DC portfolio of solar and battery storage projects across multiple Army National Guard facilities.
What is the breakdown of the 20 MW project portfolio?
The portfolio includes approximately 19 MW of solar power and 1 MW/2 MWh of battery storage, featuring ground mount, rooftop, and parking canopy systems.
Why is this project significant for the New York State DMNA?
The project supports DMNA’s resiliency, climate, and cost-saving goals by providing renewable energy and storage capabilities for Army National Guard facilities.
When is construction expected to begin on these projects?
Construction is expected to begin by the end of 2025.
Who will be leading the development and financing of these projects?
PowerBank’s U.S. subsidiary, Abundant Solar Power, will lead the development and financing efforts for these projects.
How was PowerBank selected for this project?
PowerBank was selected through a competitive process led by the New York Power Authority.
What type of company is PowerBank Corporation?
PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA, developing solar and Battery Energy Storage System projects.
What is PowerBank’s track record in renewable energy development?
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 learn more about PowerBank by visiting www.powerbankcorp.com or view the latest news and updates at https://ibn.fm/SUUN.
What types of customers does PowerBank typically serve with its energy projects?
PowerBank develops projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers across multiple North American markets.
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