newsfilter
← Latest News
PR Newswire·

PowerBank Announces $841,555 USD NYSERDA Incentive for 3.1 MW Community Solar Project in Buffalo, New York

PBK
  • PowerBank Corporation announced that its 3.1 MW NY-South Park community solar project in Buffalo, New York, has been approved for $841,555 USD in incentives through the NYSERDA NY-Sun Program.
  • The project is eligible for an additional $730,234 USD in incentives via the NY-Sun Inclusive Community Solar Adder & Retail Energy Storage Incentive Program, bringing total potential funding to $1,571,789 USD.
  • Once operational, the project located on a closed landfill site is expected to provide clean energy equivalent to powering approximately 388 homes annually.
  • PowerBank's strategic evolution includes positioning AI compute infrastructure & modular data center development as a core growth vertical alongside its solar & battery storage business.
  • The company leverages its portfolio of permitted, incentive-backed renewable energy sites to serve the digital economy amid unprecedented electricity demand.
  • New York has already achieved its 6 GW solar goal under the Climate Act in fall 2024 & aims to reach 10 GW by 2030.
  • The project award is contingent on continued qualification under SSFA or ICSA, with NYSERDA reserving the right to rescind funding if eligibility is lost.
  • Development risks include securing community solar contracts, obtaining required permits, securing third-party financing, & potential government policy changes regarding solar incentives.