FAQ: PowerBank's 20 MW Solar and Storage Project with New York State DMNA
Summary
PowerBank Corporation has secured agreements to develop a 20 MW portfolio of solar and battery storage projects across multiple New York Army National Guard facilities. This project supports the 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 press release?
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 and 1 MW/2 MWh of battery storage, featuring ground mount, rooftop, and parking canopy systems across multiple facilities.
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 energy storage capabilities to Army National Guard facilities.
When is construction expected to begin on these projects?
Construction is expected to begin by the end of 2025, with PowerBank’s U.S. subsidiary, Abundant Solar Power, leading development and financing efforts.
How was PowerBank selected for this project?
PowerBank was selected through a competitive process led by the New York Power Authority to develop the solar and storage portfolio for the DMNA facilities.
What is PowerBank Corporation’s business focus?
PowerBank 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 that sell electricity to various off-takers.
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?
To learn more about PowerBank, visit www.powerbankcorp.com or view the full press release at https://ibn.fm/Rl6Ka.
What types of solar installations are included in this project?
The portfolio includes ground mount, rooftop, and parking canopy solar systems to be installed across multiple Army National Guard facilities in New York State.
What should investors know about the forward-looking statements in this announcement?
The article contains forward-looking statements subject to risks and uncertainties that may cause actual results to differ materially, and investors should refer to the Company’s SEC filings for detailed risk factors and not place undue reliance on these statements.
This story is based on an article that was registered on the blockchain. The original source content used for this article is located at NewMediaWire
Article Control ID: 252408