#Clean Energy #Solar Project #PowerBank Corporation

PowerBank's Solar Initiative in New York

PowerBank Corporation, a recognized leader in renewable energy development in North America, is making significant strides with its latest project: a 3.15 MW hybrid solar and energy storage initiative located in Buffalo, New York. This ambitious endeavor is designed not only to contribute to the clean energy landscape but also to empower the local community by providing an innovative solar farming solution that will directly benefit residents, businesses, and renters.

Project Overview

Recently, PowerBank announced that its solar project has successfully navigated crucial permitting stages, including a Waterfront Consistency Review and Zoning Map Amendment. This progress enables the project to move forward to the Zoning Board of Appeals, where it will seek an Area Variance necessary for construction. The project, which includes an impressive 1.2 MWh of energy storage, is set to transition into full construction once final permits and financing are secured.

The community solar initiative is particularly noteworthy. It allows participants—whether renters, local businesses, or homeowners—to subscribe to the solar farm and receive bill credits for energy generated without needing to install solar panels on their properties. By connecting directly to the local grid, this model eliminates barriers to entry for those traditionally unable to invest in solar solutions.

Contribution to Energy Goals

Aiming to facilitate New York's target of achieving 10 GW of distributed solar capacity and 6 GW of energy storage by 2030, the PowerBank project plays a pivotal role in the state's clean energy ambitions. New York has already stood out as a leader in community solar capacity and reached a major milestone by fulfilling its 6 GW solar goal set by the New York State Climate Act, accomplished in the fall of 2024.

PowerBank has the resources and expertise to execute this project successfully, having already completed over 100 MW of renewable energy projects and maintaining a development pipeline exceeding 1 GW. The firm is strategically positioned to deliver high-impact energy solutions, backed by strong institutional partnerships and a commitment to sustainable practices.

Financial Incentives and Community Impact

The project is anticipated to qualify for financial incentives under the New York State Energy Research and Development Authority's (NYSERDA) NY-Sun and Retail Energy Storage Incentive Programs. Additionally, it stands to gain benefits from federal investment tax credits available through the