Boralex closes on Sky Excessive Solar Farm
According to Boralex Inc., a company that develops, builds and operates renewable energy power plants in Canada, France, the UK and the US, a wholly owned subsidiary of the company has completed a transaction with Delaware River Solar LLC to acquire Sky High Solar Farm, is located in New York.
The Sky High Solar Farm is a 20 MW AC project in Tully. The project is ground mounted and is being developed on three separate plots of 145 hectares. The forecast electrical output is estimated at 35 GWh per year. The construction of the solar park is expected to be completed in the third quarter of 2022.
"The acquisition of this mature development project marks our continued progress in achieving the growth and diversification orientations of our strategic plan," said Patrick Decostre, President and CEO of Boralex. "Sky High fits well with our current New York portfolio and will help drive the state's clean energy transformation."
In 2018, the Sky High Solar Farm was one of 26 projects approved by the New York State Energy Research Development Authority (NYSERDA) as part of their 2017 standard renewable energy request for the purchase of Tier 1 Renewable Energy Certificates (RECs) were selected. . Each REC represents the environmental attributes of one MWh of electricity generated from a suitable renewable source such as solar. The project supports New York's goal of getting 70% of its electricity from renewable sources by 2030.