PowerBank Corporation Secures Municipal Approvals for 14.4 MW Community Solar Projects in Skaneateles, New York

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) has secured all required municipal approvals for two 14.4 megawatt solar projects in the community of Skaneateles in upstate New York, marking a significant step forward in the state's renewable energy expansion. The company, a developer and owner of renewable and clean energy projects specializing in distributed and community solar initiatives throughout Canada and the U.S., announced that it has obtained variances, site plan approval, and a special use permit for the projects (https://ibn.fm/yLdyR).

The two solar projects will be constructed on industrial brownfield sites in Onondaga County within the Finger Lakes region, repurposing unused land with limited economic potential. This approach provides an environmentally beneficial reuse of these sites while supporting New York's Climate Leadership and Community Protection Act goal of achieving 6 gigawatts of solar capacity by 2025. The brownfield redevelopment strategy aligns with sustainable land use practices and demonstrates how renewable energy infrastructure can be integrated into existing industrial areas without consuming additional green space.

PowerBank Corporation is now awaiting approval from the New York Department of Environmental Conservation before construction can commence. The company intends to begin building the projects once both regulatory approval and necessary financing are secured. This development represents part of PowerBank's broader portfolio, which includes more than 100 megawatts of completed projects and a 1 gigawatt pipeline across North America, positioning the company as a significant player in the renewable energy sector.

Once operational, the Skaneateles solar projects will provide clean energy to the local grid, with subscribers earning credits on their electricity bills every month through New York's community solar program. This model allows residents and businesses to benefit from solar energy without installing panels on their own properties, making renewable energy more accessible to a wider range of consumers. The projects contribute to New York's ambitious climate goals while providing economic benefits to the local community through job creation during construction and ongoing maintenance.