SolarBank Corporation has achieved a significant milestone with the successful navigation of the Coordinated Electric System Interconnection Review (CESIR) for its 7.2-megawatt Hoadley Hill Road solar project in upstate New York. This development is crucial for the project's interconnection with the local grid, facilitating the advancement of renewable energy sources in the region.
The Hoadley Hill project, a community solar initiative, is set to generate enough electricity to power approximately 850 homes. It offers local residents the chance to subscribe and receive utility bill credits, thereby enhancing access to affordable renewable energy. The project is poised to benefit from New York's Value of Distributed Energy Resources (VDER) compensation system, with an anticipated first-year compensation rate of US$0.0971 per kWh.
Completing the CESIR process enables SolarBank to move forward with final permitting and financing, marking a significant step towards realizing the Hoadley Hill solar project. This initiative not only supports New York's renewable energy objectives but also highlights the increasing role of community solar projects in fostering a sustainable energy future. For further details, visit https://ibn.fm/9Oe8o.
