PowerBank Unveils New 1.76 MW Solar Power Project in Upstate New York Initiatives

PowerBank's New Solar Initiative in Upstate New York

PowerBank Corporation, a key player in North America's energy infrastructure sector, has made a significant move forward with the announcement of a new 1.76 megawatt (MW) solar power project in Upstate New York. Known as the NY-Hemlock Hill project, this endeavor is set to provide clean energy that can power approximately 200 homes, delivering a substantial boost to local renewable energy sources.

Project Overview

On October 16, 2025, PowerBank disclosed that it has finalized a lease agreement for the Hemlock Hill solar project. This initiative falls under the New York State Energy Research and Development Authority's (NYSERDA) NY-Sun Program, which aims to significantly expand the state's solar capacity. The Company is now working on submitting the necessary interconnection application and has already initiated the preliminary analysis as the first step in the interconnection process.

Once the interconnection is approved, PowerBank will move to secure permits and financing for the project's construction. The project is designed as a community solar program, which allows multiple residents and homeowners to benefit from solar energy without having to install panels on their properties. By subscribing to this project, local residents can earn monthly credits on their electricity bills based on their allocated share of the solar generation, thus lowering their energy costs compared to standard utility rates.

Benefits of Community Solar

Community solar projects like NY-Hemlock Hill are increasingly pivotal in promoting sustainable energy sources. As these solar panels generate electricity, they provide immediate access to clean energy through the local power grid. Such initiatives not only support the environment but also create economic savings for participants, fostering greater participation in renewable energy programs.

PowerBank's extensive experience in the solar energy domain, with over 100 MW of completed projects and a robust development pipeline exceeding 1 GW, ensures that this project is set for successful execution. By cultivating strategic partnerships and leveraging its institutional-grade development capabilities, PowerBank is poised to deliver impactful renewable energy solutions.

Impact on New York's Climate Goals

The Hemlock Hill project will significantly contribute towards New York's ambitious climate goals as outlined in the Climate Leadership and Community Protection Act, which targets 6 GW of solar power capacity by 2025. As a national leader in community solar, New York currently holds nearly one-third of the nation's installed solar capacity, emphasizing the importance of projects like Hemlock Hill in driving this transition towards greener energy.

Challenges and Risks Ahead

However, as with any project, several risks accompany the development of Hemlock Hill. To successfully complete this initiative, PowerBank must secure a community solar contract, obtain interconnection approval, and receive the required regulatory permits. Additionally, availability of external financing and potential changes in government policy regarding solar energy incentives could impact the project's economics.

The Company's reliance on healthy relationships with service providers and stakeholders is crucial, as evolving market dynamics and regulatory frameworks might pose obstacles. PowerBank's commitment to transparency regarding these risks underscores their dedication to making informed, strategic decisions throughout the project's lifecycle.

About PowerBank Corporation

PowerBank Corporation operates as an independent renewable and clean energy project developer, focusing on distributed and community solar installations across Canada and the USA. Their versatile portfolio includes solar projects interconnected with utilities, municipalities, and commercial entities, showcasing their commitment to maximizing returns while promoting sustainable energy practices. Currently, PowerBank is developing an impressive pipeline exceeding one gigawatt of renewable energy projects, reinforcing their position in the rapidly evolving energy landscape.

For additional information on PowerBank's initiatives and project updates, visit www.powerbankcorp.com.