PowerBank Secures Municipal Approvals for Skaneateles Community Solar Projects

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) has secured all necessary municipal approvals for two community solar projects located on industrial brownfield sites in Skaneateles, New York. The projects, situated in Onondaga County, have received variances, site plan approval, and a special use permit, marking a significant milestone in their development process. This achievement positions the projects to move forward with seeking approval from the New York Department of Environmental Conservation before construction can commence.

The significance of these projects extends beyond their immediate environmental benefits. Once operational, the solar installations will deliver clean energy directly to the local grid, enabling both renters and homeowners to subscribe to the service and receive bill credits without the need to install solar panels on their own properties. This model addresses a critical barrier to renewable energy adoption, particularly for those who cannot install solar due to rental status, unsuitable rooftops, or financial constraints. The community solar approach democratizes access to clean energy and promotes broader participation in the transition to renewable sources.

PowerBank's track record strengthens the importance of this development. The company has successfully completed projects totaling more than 100 megawatts and maintains a development pipeline of 1 gigawatt, demonstrating its capacity to execute large-scale renewable energy initiatives. The Skaneateles projects specifically support New York's ambitious Climate Leadership and Community Protection Act, which targets 6 gigawatts of solar capacity by 2025. This legislative framework underscores the state's commitment to reducing carbon emissions and promoting sustainable energy solutions.

The use of industrial brownfield sites for solar development represents an innovative approach to land utilization, repurposing previously contaminated or underused areas for productive renewable energy generation. This strategy minimizes environmental impact while maximizing the efficient use of available space. Additional information about PowerBank's corporate profile and project portfolio can be found at https://www.powerbankcorp.com. The company's forward-looking statements and detailed disclosures are available at https://ibn.fm/xDPgd, providing investors and stakeholders with comprehensive information about its operations and future plans.