Canada-based SolarBank Corporation planned a 7.2 MW DC solar project, Jordan Rd, Gainesville, in upstate New York. The site lease was secured, and an interconnection study was in progress. If approved, the company aims to complete permits and secure financing. The project was expected to qualify for incentives under the New York State Energy Research and Development Authority ("NYSERDA") NY-Sun Program. Once built, it would operate as a community solar project, supplying energy to the local grid and powering approximately 850 homes. Subscribers would receive credit on their electricity bills. Solar Simplified handled customer activities, ensuring full subscription. Risks included permit approvals, financing, construction challenges, and possible policy changes affecting solar incentives. The company noted these uncertainties in its forward-looking statements. Recently,The Silver Springs solar project by SolarBank in Gainesville, New York, cleared interconnection.