PowerBank Corporation acquires two New York community solar projects (Gainesville and Highway 28)
Type: Acquisition · Technology: Solar, Storage, Other · Country: United States · Capacity: 13.9 MW · Announced: 2026-08-18
PowerBank Corporation, through its US subsidiary Abundant Solar Power Inc., executed repurchase agreements to acquire the Gainesville (7 MW) and Highway 28 (6.9 MW) community solar projects in New York, with combined construction value of US$32.5 million and expected US federal investment tax credits of around US$13 million.
Counterparties
- Abundant Solar Power Inc (Buyer)
- PowerBank Corporation (Buyer)
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