SolarBank’s 3.25 MW Solar Project in Camillus, NY Secures Development Permit

SolarBank Corporation announced an update on its 3.25 MW DC ground-mount solar power project in the Town of Camillus, New York, located on a closed landfill (the “Project”). The Project has now received plan approval and a special use permit from the Town of Camillus and is expected to qualify for incentives under the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program.

With the special use permit secured, the Company’s final step is to obtain the necessary financing for the Project’s construction. The Project is anticipated to reach the notice-to-proceed stage in Q3 2024. SolarBank is developing this Project as part of its independent power producer portfolio.

Once completed, the Project will operate as a community solar project. Community solar consists of a group of solar panels connected to the local electricity grid. Once operational, the site will feed clean energy into the local power grid. Depending on the size and number of panels, dozens or even hundreds of renters and homeowners can save money on their electricity bills by subscribing to the project. Subscribers earn credits on their electric bills from their portion of the solar energy generated by the project, enjoying the benefits of solar power without needing to install panels on their homes.