PowerBank announces safe-harbor of 15 distributed solar and storage projects

PowerBank Corporation announced safe harbor for 15 late-stage distributed solar and battery storage projects in New York State on December 4, 2025 (press release from Toronto, Ontario).

• Project announcement: PowerBank secured safe harbor status for 15 projects totaling ~67 MW DC of solar and 11 MWh of energy storage, with combined sites ranging from 500 kW DC to 7 MW DC for solar and 1.2 to 8 MWh for BESS; the Projects could power ~7,500 homes and are reported as eligible for $65 million USD of Investment Tax Credit eligibility and remain eligible for a 30% Investment Tax Credit plus potential bonus adders.
• Background and execution details: For 14 of the 15 Projects PowerBank secured positive interconnection studies; the Company intends to complete permitting and obtain third-party financing and may retain ownership or deliver full EPC scope; projects will operate as community solar or net-metered under New York’s VDER framework and advance NY’s targets toward 10 GW distributed solar and 6 GW storage by 2030.