SolarBank Corp. is making significant strides in the renewable energy sector with the development of a new solar project located on Forest Hill Rd in upstate New York. This 4.584 megawatt DC ground-mount solar installation is poised to generate clean energy for around 540 homes in the area, marking a notable contribution to the state's renewable energy objectives. The project operates within New York's community solar framework, utilizing the Value of Distributed Energy Resources (VDER) compensation mechanism and supported by incentives from the New York State Energy Research and Development Authority (NYSERDA).
The initiative not only aligns with New York's ambitious renewable energy targets but also offers local residents the opportunity to benefit from solar energy without the need for individual installations. SolarBank has already secured the site lease and is in the process of conducting an interconnection study. Following the study's successful completion, the company will move forward with the necessary permitting and financing steps to bring the project to fruition.
This project is a key component of SolarBank's strategy to expand its renewable energy portfolio across North America. To ensure efficient project management, Solar Simplified has been enlisted to manage subscriber services, enabling SolarBank to focus on development and expansion efforts. Additionally, SolarBank has clarified that its operations are not impacted by the upcoming U.S. Department of Commerce Tariff announcement, as it does not import solar panels from the affected countries.
The Forest Hill Rd solar project exemplifies the growing shift towards distributed and community-based renewable energy solutions. By providing accessible and sustainable power generation, SolarBank is playing a pivotal role in the transition to cleaner energy sources, benefiting both the environment and local communities. For more information on New York's renewable energy initiatives, visit https://www.nyserda.ny.gov.
