PowerBank Announces 15 New York Solar and Energy Storage Projects Worth $168M

PowerBank Corporation, a leader in North American energy infrastructure development, has executed equipment procurement agreements for 15 late-stage distributed solar and energy storage projects in New York state. The projects are expected to bring approximately 67 MW DC of solar and 11 MWh of energy storage, with a construction value of US$168 million and estimated potential tax credits of US$65 million. These community solar and energy storage projects remain eligible for a 30% investment tax credit and potential bonus adders.