Deals Counterparts

PowerBank secures nearly $2 million in NY-Sun funding for 7 MW Jordan Rd 1 community solar project in New York

Financing Solar announced Skaneateles, United States Mar 10, 2026
USD2.0M
Deal Value
7 MW
Capacity
development
Stage
Jordan Rd 1
Project

Toronto-based Solar project developer PowerBank secured nearly $1.97 million in incentive funding through the NYSERDA NY-Sun Program for its 7 MW Jordan Rd 1 brownfield community solar project. The project, located in Skaneateles, New York, is expected to earn an additional nearly $1.6 million for service income-qualified subscribers and will deliver enough clean energy to power approximately 875 homes annually.

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Source Intelligence

KEY DETAILS

The project has cleared both municipal approval and brownfield-specific environmental approval from the New York State Department of Environmental Conservation (DEC). The project is located on a privately-owned brownfield site that was previously the site of a chemical plant owned by the Stauffer Chemical Company. The site underwent significant environmental remediation after ceasing operations in 1985. PowerBank says the project is expected to qualify for an additional incentive of up to $1,576,520 from the NY-Sun program through the Inclusive Community Solar Adder. In order to qualify for the adder, the project owner must dedicate no less than 40% of the total project capacity to eligible subscribers, which includes LMI households, affordable housing properties and non-profits serving disadvantaged communities. The installation will deliver enough clean energy to power approximately 875 homes annually.

Deal Size
received approval for nearly $1.97 million in incentive funding through the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program.
Capacity
its 7 MW Jordan Rd 1 brownfield community solar project
Location
The Jordan Rd 1 project... located on a privately-owned brownfield site... in the Town of Skaneateles, in the Finger Lakes Region of New York’s Onondaga County.
Financials
received approval for nearly $1.97 million in incentive funding through the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program.
Announcement
March 10, 2026 Ben Zientara Community Finance Installations Markets & Policy New York Solar module installaiton Image - Kaylee Nelson via U.S. Department of Energy SunShot Share --> Toronto-based Solar project developer PowerBank has announced its 7 MW Jordan Rd 1 brownfield community solar project received approval
PARTIES MENTIONED IN SOURCE
P
PowerBank developer

"Toronto-based Solar project developer PowerBank has announced its 7 MW Jordan Rd 1 brownfield community solar project received approval for nearly $1.97 million in incentive funding"

P
PowerBank borrower

"Toronto-based Solar project developer PowerBank has announced its 7 MW Jordan Rd 1 brownfield community solar project received approval for nearly $1.97 million in incentive funding"

N
New York State Energy Research and Development Authority (NYSERDA) lender

"received approval for nearly $1.97 million in incentive funding through the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program."

high quality Enriched Mar 10, 2026

Timeline

Announced
Mar 10, 2026
Signed
Closed

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