PowerBank Corporation Secures Site Control for 2.8 MW Day Hollow Solar Project in Upstate New York

Strategic Insights -

PowerBank Corporation has made a significant step forward in the development of its 2.8 MW Day Hollow ground-mount solar project in upstate New York, securing site control after a lengthy process. This crucial milestone enables the company to progress to the interconnection study phase, a critical step towards commencing construction. The project is poised to benefit from New York's Value of Distributed Energy Resources (VDER) compensation mechanism, guaranteeing fair compensation for the clean energy delivered to the grid. With an estimated first-year average rate of US$0.0971/kWh, the project's financial and environmental viability are bolstered.

Key Takeaways:

  • PowerBank Corporation has acquired site control for its 2.8 MW Day Hollow ground-mount solar project in upstate New York, marking a significant milestone in the project's development.
  • The project will qualify for New York's Value of Distributed Energy Resources (VDER) compensation mechanism, ensuring fair compensation for the clean energy delivered to the grid.
  • The estimated first-year average rate for the project is US$0.0971/kWh, providing financial and environmental viability.
  • The project will operate as a community solar initiative, enabling renters, businesses, and homeowners to subscribe to the solar farm and receive bill credits and savings without installing on-site equipment.
  • PowerBank Corporation has a proven track record, having completed over 100 MW of projects and having a development pipeline exceeding 1 GW.
  • The company's expertise and strategic partnerships position it to deliver reliable and high-impact renewable energy solutions.
  • The Day Hollow project contributes to New York's ambitious Climate Leadership and Community Protection Act goal of 6 GW of solar capacity by 2025.
  • PowerBank Corporation is a leader in community solar, contributing to nearly one-third of the United States' 6.2 GW of installed solar capacity.

Statistics:

  • The 2.8 MW Day Hollow ground-mount solar project is poised to benefit from New York's Value of Distributed Energy Resources (VDER) compensation mechanism, with an estimated first-year average rate of US$0.0971/kWh.
  • PowerBank Corporation has completed over 100 MW of solar projects and has a development pipeline exceeding 1 GW.
  • New York accounts for nearly one-third of the United States' 6.2 GW of installed solar capacity.
  • The Day Hollow project will contribute to New York's ambitious Climate Leadership and Community Protection Act goal of 6 GW of solar capacity by 2025.

Sources:

  • PowerBank Corporation - /PRNewswire/ - Press Release, September 2, 2025
  • 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.