Disseminated on behalf of PowerBank Corporation
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is moving forward with two new community solar projects in Skaneateles, New York, totaling 14.4 megawatts of capacity (https://ibn.fm/yLdyR). The company announced that it has obtained all municipal approvals, including variances, site plan approval, and a special use permit. The projects are now pursuing approval from the New York Department of Environmental Conservation (“DEC”) before construction can begin.
The two solar projects will be built on industrial brownfield sites in Onondaga County, within the Finger Lakes region. This approach provides an environmentally beneficial reuse of sites that have otherwise limited economic potential. By installing panels on these brownfields, PowerBank is also addressing one of the common challenges to scaling solar: land availability. Industrial land often comes with fewer community concerns than farmland or residential developments.
The projects will contribute to New York State’s Climate Leadership and Community Protection Act, which set a target of 6 GW of solar capacity by 2025. New York has emerged as the U.S. leader in community solar, accounting for nearly one-third of the country’s 6.2 GW of installed capacity.
Once operational, the Skaneateles projects will function as community solar facilities. Under this model, clean energy generated by the solar arrays will flow into the local grid, and households or renters can subscribe to the project. Subscribers then receive credits on their monthly utility bills tied to the energy their portion of the project generates (https://ibn.fm/VHeKt).
This allows participants to lower their electricity costs without the expense of installing rooftop panels. Community solar has become an important driver of renewable adoption in New York, where many homes are not suitable for rooftop systems.
Additionally, the regulatory framework in New York has provided strong incentives for community solar development, creating an attractive environment for developers and investors. PowerBank views these projects as part of its broader role in helping the state achieve its climate and energy goals.
PowerBank has completed over 100 MW of renewable energy projects to date and maintains a pipeline of more than 1 GW across North America. Its portfolio spans solar and battery energy storage system (“BESS”) projects, with a diverse set of offtake arrangements including utilities, commercial and industrial customers, municipalities, and community solar subscribers.
By focusing on distributed energy and community solar, PowerBank is building recurring revenue streams in a market segment with high growth potential. The Skaneateles projects, at 14.4 MW, highlight the company’s ability to execute on multiple fronts, from regulatory approvals to construction readiness.
Construction on the projects is expected to begin once DEC approval and financing are finalized. For PowerBank, these two projects represent another step in its strategy of delivering distributed renewable energy while capturing financial value through ownership and operation.
For more information, visit the company’s website at https://PowerBankCorp.com.
This report contains forward looking information. Please refer to the press releases entitled “PowerBank Advances 14.4 MW Projects in Skaneateles, New York” and dated September 9, 2025, and “PowerBank (SUUN) Updates on Skaneateles Community Solar Projects” and dated September 11, 2025, for additional details on the information, risks and assumptions.
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN
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