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PowerBank Awarded Contract by New York Power Authority for 1.6 MW Ground-Mount Solar Project at SUNY Oneonta

PBK
  • PowerBank Corporation subsidiary Abundant Solar Power Inc. secured a contract to develop and construct a 1.628 MW DC ground-mount solar project at SUNY Oneonta.
  • The project was awarded through a competitive solicitation administered by the New York Power Authority (NYPA) based on price, technical competency, & financial strength.
  • This installation represents the first MW-scale on-site solar array at SUNY Oneonta & supports the university's Clean Energy Master Plan to reduce carbon emissions & peak electrical demand.
  • The facility will connect behind the meter to power campus facilities, with an estimated construction value of $3.58 million USD.
  • Upon completion, the project is expected to generate enough energy to power approximately 205 homes annually & qualify for roughly $1.4 million in federal investment tax credits.
  • PowerBank will own & operate the project after construction, building on its portfolio of over 100 MW of completed projects.
  • The initiative aligns with New York State's goals to reduce greenhouse gas emissions by 60% by 2040 & achieve a net-zero economy by 2050.
  • The project's next milestone is obtaining a building permit before construction can begin.