SolarBank Corporation announced on March 20, 2025, that it has received approval from the New York State Energy Research and Development Authority (NYSERDA) for $1,058,616 USD in incentives for its 3.26 MW Camillus Solar Project under the NY-Sun Program.
The Camillus Project was sold to Solar Advocate Development LLC in a transaction valued at $7.3 million USD on March 19, 2025, with SolarBank responsible for its construction. The project is a 3.26 MW DC ground-mount solar power facility on a closed landfill site, operating as a community solar project.
CEO Richard Lu highlighted SolarBank's successful track record in obtaining government support and incentives for its clean energy projects in the United States and Canada. The incentive award is contingent upon compliance with program terms and conditions, with installation expected to be completed within 30 months of the approval date.
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