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

PowerBank Corporation won a competitive RFP administered by the New York Power Authority to develop, build, own and operate a 1.628 MW DC ground-mount solar project at SUNY Oneonta, the campus's first MW-scale on-site solar array. The estimated construction value is $3.58 million, and once operational the project is expected to generate recurring energy revenue and qualify for approximately $1.4 million in U.S. federal Investment Tax Credits; the contract sits with PowerBank's wholly owned U.S. subsidiary Abundant Solar Power.

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