SolarBank (SUUN)has received approval from the New York State Energy Research and Development Authority for $1,058,616 in incentives for the 3.26 MW Camillus Solar Project under the NY-Sun Program. The project has been sold to, and will now be constructed for, Solar Advocate Development in a transaction valued at $7.3M. The project is being constructed as a 3.26 MW DC ground-mount solar power project on a closed landfill site and will operate as a community solar project. These incentives do not increase the value of the transaction with the Owner. The award in the amount of $1,058,616 USD is contingent upon compliance with the terms and conditions of the NY-SUN Program Manual. The solar electric system installation must be completed within 30 months of the approval date.
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Read More on SUUN:
- SolarBank Secures $7.3 Million Deal for Camillus Solar Project
- SolarBank sells 3.26 MW Camillus Solar Project to Solar Advocate Development
- SolarBank to Develop 4.3 MW Community Solar Project in New York
- SolarBank to develop a 4.3 MW DC ground-mount solar power project in NY
- Strategic Growth and Partnerships Propel Solarbank Corp.’s Buy Rating
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