PowerBank Corp Secures Site Control for Pennsylvania Solar Project

PowerBank Corporation has secured site control for its 3.16 MW Honesdale ground-mount solar project in Pennsylvania, allowing it to progress to the interconnection study phase. The project is expected to feed solar energy into the grid, leveraging House Bill 1842 that enables expansion in the region. With over 100MW of completed projects and a pipeline of over 1 GW of clean energy, PowerBank is well-positioned to deliver reliable renewable energy solutions.

PowerBank Corporation (NASDAQ: SUUN) has secured site control for its 3.16 MW Honesdale ground-mount solar project in Pennsylvania, allowing it to proceed to the interconnection study phase. This significant milestone follows the company's announcement of the project's advancement to the interconnection study phase [1]. The project is set to operate as a community solar initiative, subject to the final approval of Pennsylvania House Bill 1842. This legislation aims to expand access to clean, affordable energy for residents across various income levels.

The Honesdale project aligns with PowerBank's broader strategy of delivering clean and affordable energy through a diverse portfolio of projects. With over 100 MW of completed projects and a development pipeline exceeding 1 GW, PowerBank is well-positioned to contribute to the growing demand for renewable energy solutions [2]. The company's expertise in community solar projects and its ability to secure site control for multiple projects underscore its commitment to sustainable energy development.

PowerBank's track record and strategic partnerships have enabled it to maximize returns and execute its growth strategy effectively. By leveraging House Bill 1842, the Honesdale project is expected to feed solar energy into the grid, fostering a cleaner and more sustainable energy future for Pennsylvania residents. The project's success will not only benefit local communities but also contribute to the state's broader goal of expanding renewable energy capacity.

References:
[1] https://finance.yahoo.com/news/powerbank-nasdaq-suun-cboe-ca-173000584.html
[2] https://www.prnewswire.com/news-releases/powerbank-advances-2-8-mw-day-hollow-solar-project-in-new-york-with-capacity-to-power-374-homes-302542562.html