SolarBank Corporation is expanding its reach in the renewable energy sector with the announcement of a new 7 MW ground-mount solar power project in Middletown, New York. This follows the company’s recent announcement of a 5.4 MW project in Broome County, New York. The new project, aptly named the Hwy 28 project, will be developed on a 45-acre site and is expected to be eligible for incentives under the New York State Energy Research and Development Authority’s (NYSERDA) NY-Sun Program.
SolarBank has secured a lease for the project site and received interconnection approval. The company is now moving forward with the permitting process and securing necessary financing for construction. The Hwy 28 project marks another significant addition to SolarBank’s expanding community solar portfolio, contributing to its overall development pipeline, which now exceeds one gigawatt.
Once operational, the Hwy 28 project will operate as a community solar site, providing clean energy to over 800 homes. Community solar projects offer a unique advantage to residents, allowing them to access the benefits of renewable energy without installing panels on their own property. Subscribers to the project will earn credits on their electric bills, leading to savings on their energy costs.
This strategic move by SolarBank aligns with its commitment to powering thousands of homes with clean and affordable energy. By focusing on community solar projects, the company is providing access to renewable energy to a wider range of residents, contributing to a more sustainable future.
While the development of the project is subject to factors such as obtaining necessary permits, securing financing, and navigating the construction process, SolarBank is confident in its ability to bring this project to fruition. The company’s extensive experience in the renewable energy sector and its commitment to sustainability position it for continued success in the growing community solar market.
