SolarBank to develop a 4.3 MW DC ground-mount solar power project in NY

SolarBank (SUUN)is pleased to announce its plans to develop a 4.3 MW DC ground-mount solar power project known as the Glen Rd project on a site located in upstate New York. With a secured site lease and interconnection study underway, the Project is another key addition to SolarBank’s expanding development pipeline-which exceeds one gigawatt-as well as the company’s commitment to advancing community solar. Assuming the Project’s interconnection study is successful, the Company will continue to work to complete the permitting process and secure the necessary financing for the construction of the Project. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority NY-Sun Program. 500 homes are expected to be powered by this community solar project