- The 21MW solar project will be developed as three separate 7 MW DC solar power projects.
- The projects’ sale and EPC agreement have a total value of approximately US$41 million.
SolarBank Corporation has announced that Honeywell International has acquired its proposed 21 MW DC ground-mount solar power projects under development in New York. SolarBank originated the sites in upstate New York. The projects have received positive interconnection results via a completed Coordinated Electric System Interconnection Review (CESIR).
The SB 13-1, SB 13-2 and SB-14 projects would be developed as three separate 7 MW DC solar power projects. The company would continue building the Projects for Honeywell to commercial operation via an engineering, procurement, and construction (EPC) agreement. The projects’ sale and EPC agreement have a total value of approximately $41 million. The company also expects to retain an operations and maintenance contract for the projects following the completion of construction.
The Chief Executive Officer of SolarBank, Richard Lu, said, “We look forward to partnering and supporting the transition away from fossil fuels while reducing impacts to the electrical grid and lowering greenhouse gas emissions.” Once completed, the projects will be operated as community solar projects. Community solar is a group of solar panels with access to the local electricity grid.