PowerBank Corporation has announced that its 7.01-megawatt (MW) DC community solar project known as SB 13-2 in upstate New York has achieved commercial operation.
The project was developed and constructed by PowerBank for Honeywell International Inc. as part of a $41 million transaction covering a portfolio of three community solar projects totaling 21 MW DC.
The ground-mount solar facility is built on an industrial brownfield regulated by the New York State Department of Environmental Conservation and is expected to power approximately 875 homes with clean energy annually.
The project will operate as a community solar site, selling credits to subscribers under the NYSERDA NY-Sun Program, allowing residents to access the financial and environmental benefits of solar without installing panels on their own homes.
“The commercial operation of SB 13-2 marks another important milestone in PowerBank’s execution of the Honeywell portfolio and demonstrates our full-cycle capability, from site origination and development through EPC construction and commercial operation,” said Andrew van Doorn, President and COO of PowerBank, in a statement.
SB 13-2 is one of three projects in the Honeywell portfolio, alongside SB 13-1 and SB-14. PowerBank completed the sale of all three projects to Honeywell in September 2023 and entered into an engineering, procurement, and construction (EPC) agreement to build them through to commercial operation.
Doorn continued, “Delivering a 5 MW AC-class community solar project that is now actively supplying clean energy to New York residents reflects the strength of our project execution platform, and we look forward to the remaining projects in this portfolio reaching operation.”
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