PowerBank announces 1.76 MW solar project in Upstate New York

PowerBank (SUUN) has executed a lease agreement on a 1.76 MW DC ground-mount solar power project known as the NY-Hemlock Hill project in Upstate New York. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority NY-Sun Program. The company is in the process of submitting the interconnection application and has initiated the preliminary screening analysis as part of the initial interconnection steps. Assuming receipt of interconnection approval, the company will work to complete the permitting process and secure the necessary financing for the construction of the Project. Once completed, the Project will be operated as a community solar project.