PowerBank Corporation has announced that its 2.8 MW Day Hollow ground-mount solar project in upstate New York has secured site control, enabling the project to progress to the interconnection study phase. This development represents a critical advancement for renewable energy infrastructure in the region and directly supports New York's ambitious climate objectives under the Climate Leadership and Community Protection Act, which targets achieving 6 GW of solar capacity by 2025.
The Day Hollow project is expected to qualify under New York's Value of Distributed Energy Resources program at an estimated first-year average rate of US$0.0971/kWh. As a community solar initiative, the project will enable renters, businesses, and homeowners to subscribe and receive bill credits without requiring on-site equipment installation. This model significantly expands solar energy accessibility to demographics traditionally excluded from renewable energy benefits, particularly those unable to install panels on their own properties.
The project's progression through the development pipeline demonstrates the growing importance of distributed energy resources in meeting regional climate targets. By developing projects like Day Hollow, PowerBank Corporation contributes to New York's decarbonization efforts while providing economic benefits to local communities through reduced electricity costs and job creation during construction and maintenance phases. Additional information about the company's operations and development pipeline can be found at https://www.powerbankcorp.com.
The advancement of community solar initiatives in New York has become increasingly crucial as the state works to transform its energy grid and ensure equitable access to renewable energy benefits. The Day Hollow project exemplifies how distributed energy projects can simultaneously address climate goals, economic development, and energy equity, making it a model for future renewable energy development in the region and beyond.
