-+ 0.00%
-+ 0.00%
-+ 0.00%

PowerBank reacquires New York solar portfolio for US$2.4 million

PUBT·08/18/2026 12:04:12
Listen to the news
PowerBank reacquires New York solar portfolio for US$2.4 million
  • PowerBank executed repurchase agreements to reacquire two New York community solar projects, Gainesville and Highway 28, via Abundant Solar Power.
  • Portfolio totals 13.9 MW, targeting construction-ready status in 2026–2027; total construction value pegged at about USD 32.5 million.
  • Highway 28, a 6.9 MW project, was bought for USD 1.25 million in milestone payments; construction-ready expected in Q3 2026.
  • Gainesville, a 7 MW project, was bought for USD 1.15 million in milestone payments; construction-ready expected in 2027.
  • Assets were previously sold in a larger 2025 transaction, then reacquired as PowerBank shifts toward owning operating assets for recurring revenue.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powerbank Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: TO28109) on August 18, 2026, and is solely responsible for the information contained therein.