PowerBank Agrees to Sell Solar Power Projects to Solar Advocate Development in $41 Million Deal

MT Newswires Live

2025/12/22

PowerBank (SUUN) said Monday it will construct and sell three solar power projects in New York state to Solar Advocate Development in a $41 million deal.

The three solar projects, named Elmira, Jordan Road 1, and Jordan Road 2, represent a combined generation capacity of 16.87 megawatts, PowerBank said.

The net proceeds from the sale will support PowerBank's expansion of its Independent Power Producer portfolio, the company said.

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