SolarBank's Hoadley Hill Road Project Clears Key Regulatory Hurdle, Advancing New York's Community Solar Goals
TL;DR
SolarBank's 7.2 MW project in New York, cleared for interconnection, offers investors a stake in renewable energy with potential NYSERDA incentives up to US$0.395/W DC.
SolarBank's Hoadley Hill Road project, a 7.2 MW community solar initiative, will power 850 homes via New York's grid, leveraging VDER compensation and NY-Sun incentives.
SolarBank's community solar project in New York advances clean energy, reducing carbon footprints and supporting the state's goal of 6 GW solar capacity by 2025.
Discover how SolarBank's innovative 7.2 MW solar project in New York is set to power 850 homes, marking a leap towards sustainable community energy solutions.
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SolarBank Corporation has achieved a critical milestone for its 7.2 MW Hoadley Hill Road ground-mount solar project in upstate New York with the successful clearance of the Coordinated Electric System Interconnection Review. This regulatory approval enables the project to move forward, designed to power approximately 850 homes through New York's grid. The project leverages the state's VDER compensation mechanism and may qualify for up to US$0.395/W DC in incentives through the NYSERDA NY-Sun program at https://www.nyserda.ny.gov/All-Programs/NY-Sun.
As a community solar initiative, Hoadley Hill Road allows residents and businesses to benefit from solar energy without requiring on-site installations, instead providing bill credits. This model democratizes access to renewable energy and supports New York's goal of installing 6 GW of solar power by 2025. SolarBank, with over 100 MW of projects already built and a pipeline exceeding 1 GW, is positioned to contribute significantly to this target as it accelerates permitting and financing to begin construction.
The project's advancement highlights the growing role of community solar in the renewable energy transition. By expanding clean energy access to a broader population, such initiatives help reduce carbon footprints and promote sustainable development. SolarBank's progress in New York demonstrates the viability of solar energy as a key component of the state's and nation's energy future, aligning with broader environmental objectives. More information on SolarBank can be found at https://solarbankcorp.com.
Curated from InvestorBrandNetwork (IBN)
