04:08 AM EDT, 10/04/2024 (MT Newswires) -- SolarBank ( SUUN ) said Friday it plans to develop a 2.9-megawatt ground-mount solar power project in Gainesville, New York.

The community-solar development, known as the Silver Springs project, is expected to be eligible for incentives from the New York State Energy Research and Development Authority's NY-Sun program, according to the company.

SolarBank ( SUUN ) is seeking to secure the permits and necessary financing for the construction of the project, which is expected to serve more than 340 homes upon completion.

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