SolarBank Corporation announced on January 6, 2025, that Qcells, through an affiliate, will acquire four ground-mount solar power projects in upstate New York totaling 25.577 MW. The projects, known as Gainesville, Hardie, Rice Road, and Hwy 28, were originated by SolarBank and have received positive interconnection results.
SolarBank will continue to build these projects to commercial operation under engineering, procurement, and construction (EPC) agreements. The total value of the sale and EPC agreement is approximately US$49.5 million. SolarBank also expects to retain an operations and maintenance contract for the projects after construction completion.
The projects will utilize Qcells modules manufactured in the USA, aligning with Qcells' investment of nearly $2.8 billion to boost U.S. domestic solar manufacturing. These projects are designed as community solar initiatives and are expected to be eligible for incentives under the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program.
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