Canada-based SolarBank Corporation announced that Qcells will acquire four solar projects in upstate New York, totaling 25.577 MW. SolarBank will develop these projects under $49.5 million EPC agreements and may retain operations and maintenance contracts post-construction. The projects, designed as community solar initiatives, will use Qcells modules made in the US and qualify for NYSERDA NY-Sun incentives. Risks include permit approvals, financing availability, construction challenges, and potential policy changes. Payments will be made in the stages, with SolarBank required to reacquire the projects if Qcells fails to secure financing.
SolarBank and Qcells partner on 25.77 MW PV projects in New York
SolarBank to develop $49.5 million solar projects for Qcells with staged payments. (Image Credit/Source: LeoPatrizi/Pixabay)
Purvah Green Power secures CESC’s bid to enhance renewable energy with a 150 MW Wind-Solar Hybrid Project in India. (Image Credit/Source:Hrui/Pixabay)
The 50 MW solar plant in Almeria supplies clean energy to 25,000 households and operates under a secured PPA. (Image Source: X-ELIO)
Huasun completed its HJT solar chain in six months, producing the first silicon rod at its 20 GW Smart Factory (Phase 1). (Image Source: Huasun)
The Fox Squirrel Solar project, completed in three phases—150 MW (AC), 250 MW (AC), and 177 MW (AC)—now delivers a total of 577 MW (AC) of clean energy to Ohio. (Image source: edf Renewables)