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 marks a significant step forward for renewable energy infrastructure in the region and supports New York's ambitious climate goals. The project's advancement through the development pipeline demonstrates the continued growth of the distributed energy sector and its critical role in meeting regional climate targets.
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. Designed as a community solar initiative, the project will allow renters, businesses, and homeowners to subscribe and receive bill credits without requiring on-site equipment installation. This approach makes solar energy accessible to a broader demographic, including those who cannot install panels on their own properties. The project directly contributes to New York's Climate Leadership and Community Protection Act target of achieving 6 GW of solar capacity by 2025.
By developing distributed energy resources like the Day Hollow project, PowerBank Corporation is helping the state move toward its renewable energy objectives while providing economic benefits to local communities through reduced electricity costs and job creation during construction and maintenance phases. The company develops solar and Battery Energy Storage System projects that sell electricity to utilities, commercial, industrial, municipal, and residential off-takers. Additional information about the company's operations and development pipeline can be found at https://www.powerbankcorp.com.
The advancement of the Day Hollow project represents the ongoing expansion of community solar initiatives in New York, which have become increasingly important as the state works to decarbonize its energy grid and provide equitable access to renewable energy benefits. This progression highlights how distributed solar projects can simultaneously address climate goals and energy equity concerns by enabling participation from diverse consumer groups who might otherwise be excluded from renewable energy adoption.
