The Canadian-based energy company Boralex announced this Friday the acquisition by one of its subsidiaries of a 20 MW solar complex in New York, the Sky High solar farm from Delaware River Solar LLC.
The complex is located in the town of Tully, in the county of Onondaga; with 20 MW of capacity, the project is being developed in three separate parcels of land across 145 acres.
Its estimated output when completed is around 35 gigawatts, enough power to deliver electricity to 4,600 state homes, annually.
According to the company’s statement, construction of Sky High Solar Farm is expected to be completed by the third quarter of 2022.
Sky High Solar Farm is a project that supports New York in its quest for decarbonization; and a 100% reliance in renewable energy sources by 2030.
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In 2018, the New York State Energy Research Development Authority selected Sky High, among 26 other projects, as part of its 2017 Renewable Energy Standard Solicitation for the purchase of renewable energy certificates.
In this program, each renewable energy certificates accounted for one megawatts of renewable power, as the company explains.
“The acquisition of this mature development project marks our continual progress to achieving the growth and diversification orientations of our strategic plan,” said Patrick Decostre, Boralex’s CEO.
“Sky High aligns well with Boralex current New York portfolio, and will help to advance New York’s clean energy transformation,” he concluded.
As we have reported previously, New York is in the middle of a renewable energy expansion. Major companies like BP and Equinor have been awarded with substantial amounts of renewable energy capacity in the state.,
Just recently, the New York State Common Retirement Fund (NYSCRF) approved $650 million for three infrastructure funds focused on renewable energy, an emerging manager program, and mortgages and loans.