#United States #New York #Community Solar #SolarBank Corporation #Hoadley Hill

SolarBank to Develop 7.2 MW Hoadley Hill Road Solar Project

SolarBank Corporation has announced an exciting development in the renewable energy sector with its plans to construct a 7.2 MW solar power project located on Hoadley Hill Road in upstate New York. The project aims to significantly contribute to the growth of solar energy in the region and is expected to power approximately 850 homes, showcasing SolarBank's commitment to community solar initiatives.

Project Overview

The proposed Hoadley Hill solar project will feature DC ground-mounted solar panels, strategically designed to harness sunlight and generate sustainable energy. SolarBank has already secured a site lease and has submitted a request for interconnection approval, which are critical steps in bringing this project to life.

This development is part of SolarBank's larger commitment to expanding its portfolio, which currently includes over one gigawatt of projects under development. With this project, the company emphasizes its dedication to advancing community solar, allowing residents to benefit from renewable energy without the constraints of installing panels on their own properties.

Benefits of Community Solar

Community solar projects provide an innovative solution to solar energy access. Once operational, the Hoadley Hill project will serve as a point from which the generated electricity will feed into the local power grid. Residents can subscribe to the project, gaining credits on their monthly electric bills based on their portion of the solar energy produced. This model democratizes access to clean energy, giving renters and homeowners alike the opportunity to benefit from solar energy while actively participating in the renewable energy transition.

In collaboration with Solar Simplified, SolarBank will ensure that all customer-facing activities related to the community solar project are managed efficiently. Solar Simplified specializes in subscription management, ensuring full project enrollment from the outset, thus maximizing revenue and driving sustainable growth for the project.

The Path Forward

While the project holds significant potential, several risks and considerations must be navigated for successful completion. Key factors include obtaining necessary interconnection approvals, securing community solar contracts, and acquiring regulatory permits. Additionally, the ongoing availability of financing and support frameworks is essential to the project's financial viability.

SolarBank is optimistic about receiving incentives from the New York State Energy Research and Development Authority's NY-Sun Program, which would further bolster the project's feasibility. However, it is crucial to remain proactive about potential changes to government policies that could affect the financial landscape for solar projects.

About SolarBank Corporation

SolarBank Corporation stands as an independent project developer in the renewable energy sector, specializing in community and distributed solar projects across Canada and the United States. The company is dedicated to creating efficient energy solutions, including solar, battery energy storage systems, and electric vehicle charging stations. By maintaining a diverse portfolio and developing renewable energy assets, SolarBank aims to provide clean, sustainable energy while achieving favorable returns for its stakeholders.

With its forward-looking approach and commitment to innovation in renewable energy development, SolarBank is poised to become a significant player in the transition towards a cleaner and more sustainable energy future.

In conclusion, the Hoadley Hill Road solar project not only represents a substantial step forward for SolarBank, but also reinforces the importance of community solar initiatives in the broader aim of achieving a sustainable energy landscape in New York and beyond.

For more information about SolarBank Corporation and its renewable energy projects, visit www.solarbankcorp.com.