SolarBank Corporation announced the acquisition of a development stage solar project in Camillus, New York, from Storke Renewables, LLC, planning to develop a 3.15 MW DC ground-mount solar power project. This community solar project, expected to receive incentives under the NYSERDA NY-Sun Program, has cleared interconnection approval and is nearing the end of its permitting phase. Construction is slated to begin in Q3 2024, with operational status anticipated by Q2 2025. The project aims to provide local grid-connected solar energy, allowing renters and homeowners to earn electric bill credits through subscription, benefiting from solar power without onsite installations. The venture's success hinges on acquiring permits, securing NYSERDA incentives, maintaining third-party financing, and navigating construction risks, alongside the potential for changes in governmental solar policy support.