PowerBank secures nearly $2 million in NY-Sun funding for 7 MW Jordan Rd 1 community solar project in New York
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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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.
"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"
"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"
"received approval for nearly $1.97 million in incentive funding through the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program."
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