SolarBank Corporation (NASDAQ: SUUN) is set to enhance renewable energy infrastructure in upstate New York with its latest community solar project. The Glor Rd project, a 7.2 MW DC ground-mount solar installation, is designed to increase clean energy accessibility through a community solar model. This model enables local residents to benefit from solar energy without the necessity of installing personal solar panels, a significant step toward democratizing clean energy adoption.
The project is in its preliminary phases, having already secured a site lease and commenced an interconnection study. It will operate under New York's Value of Distributed Energy Resources (VDER) rate mechanism and is expected to qualify for incentives from the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program. Solar Simplified will oversee customer-facing operations to ensure the project's full subscription and to optimize revenue generation.
This initiative is part of SolarBank's broader strategy to develop distributed and community solar projects across North America. With a potential pipeline exceeding one gigawatt and previous projects totaling over 100 megawatts, SolarBank is making significant strides in renewable energy development. The Glor Rd project exemplifies how community solar can remove barriers to clean energy access, supporting sustainable infrastructure development at the local level.
For more information on SolarBank's projects, visit https://www.solarbankcorp.com. Details on the NYSERDA NY-Sun Program can be found at https://www.nyserda.ny.gov.
