6.41 MW Solar Project Under Development by SolarBank in Bloomfield

Source: www.gulfoilandgas.com 6/12/2024, Location: North America

SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") announces that it intends to develop a 6.41 MW DC ground-mount solar power project known as the Rice Road project (the "Project") on a 16.98 acre site located in Bloomfield, New York. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority ("NYSERDA") NY-Sun Program.

The Company has secured a lease over the Project site and received interconnection approval for the Project. As it has received interconnection approval, the Company will work to complete the permitting process and secure the necessary financing for the construction of the Project.

Once completed, the Project will be operated as a community solar project. Community solar is a group of solar panels with access to the local electricity grid. Once the panels are turned on and generating electricity, clean energy from the site feeds into the local power grid. Depending on the size and number of panels the project has, dozens or even hundreds of renters and homeowners can save money from the electricity that is generated by the project. By subscribing to a project, a homeowner earns credits on their electric bill every month from their portion of the solar that's generated by the project, accessing the benefits of solar without installing panels on their home.

There are several risks associated with the development of the Project. The development of any project is subject to receipt of interconnection approval, required permits, the continued availability of third-party financing arrangements for the Company and the risks associated with the construction of a solar power project. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar power, which could result in future projects no longer being economic. Please refer to "Forward-Looking Statements" for additional discussion of the assumptions and risk factors associated with the statements in this press release.


India >>  7/12/2024 - India is set to host the first-ever International Solar Festival in September, 2024 in New Delhi, as announced by the International Solar Alliance (IS...
Lithuania >>  7/12/2024 - AB “Ignitis grupe” (hereinafter – the Group) informs that Taurage solar farm, controlled by the Group’s subsidiary UAB “Ignitis renewables” (hereinaft...

United Kingdom >>  7/11/2024 - A row of solar panels in a green field, with blue sky above
EDF Renewables and Nature Positive have today announced a new long-term academic par...

United States >>  7/11/2024 - Mass Megawatts (OTC Pink: MMMW) announces a patent pending new solar photovoltaic concentration innovation that improves output for stationary solar p...

United States >>  7/11/2024 - Unirac is proud to announce that its domestic solutions are available now and shipping today. These solutions can help solar installers across the cou...
United States >>  7/11/2024 - Iberdrola, through its US subsidiary Avangrid, has begun the installation of its Powell Creek solar project in the state of Ohio. The new plant will h...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.