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TORONTO, April 29, 2025 /PRNewswire/ - SolarBank Corporation    is pleased to announce its plans to develop a 7.2 MW DC ground-mount solar power project known as the Glor Rd project  on a site located in upstate New York. With a secured site lease and interconnection study underway, the Project is another key addition to SolarBank's expanding development pipeline—which exceeds one gigawatt—as well as the Company's commitment to advancing community solar.Assuming the Project's interconnection study is successful, the Company will continue to work to complete the permitting process and secure the necessary financing for the construction of the Project. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority  NY-Sun Program. The Company is targeting incentives of up to $0.245/W DC for the Project. 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With a secured site lease and interconnection study underway, the project is another key addition to SolarBank’s expanding development pipeline, which exceeds one gigawatt.The project will be eligible for the VDER rate compensation mechanism under NY Public Utility Commission case 15-E-0751.Also Read: SolarBank CEO Comments On Tariffs Impact, Unveils 4.584 MW Solar Project In New York. The year-one average compensation is currently projected at $0.0971/kWh.The VDER  rate for solar projects in New York is the rate payable to the project owner in return for the energy supplied to the grid.The project will likely be eligible for incentives under the New York State Energy Research and Development Authority  NY-Sun Program.Meta Boosts Green Energy With New Solar Deal, Supports AI Data Center Growth. This article EXCLUSIVE: SolarBank To Deve","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/exclusive-solarbank-develop-7-2-123339775.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4129","SUUN"],"gpt_icon":0},{"id":"2530636561","title":"IBN Coverage: Zacks Initiates Coverage on SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2)","url":"https://stock-news.laohu8.com/highlight/detail?id=2530636561","media":"NewMediaWire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2530636561?lang=en_us&edition=fundamental","pubTime":"2025-04-26 01:30","pubTimestamp":1745602200,"startTime":"0","endTime":"0","summary":"This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community.LOS ANGELES, CA - April 25, 2025  - Disseminated on behalf of SolarBank Corporation. 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