Boralex Inc. Expands U.S. Renewable Energy with New York Solar Projects
- Boralex Inc. partners with NYSERDA to advance renewable energy through two major solar projects in New York.
- The Fort Covington and Two Rivers projects will collectively generate 450 MW of clean energy by 2028.
- Construction will create 300-400 jobs and support local economies, benefiting approximately 105,000 homes.
Boralex Inc. Expands Renewable Energy Footprint in New York
Boralex Inc. announces a pivotal advancement in its renewable energy strategy through a Renewable Energy Standard Agreement with the New York State Energy Research and Development Authority (NYSERDA). This agreement facilitates the procurement of Tier-1 Renewable Energy Certificates (RECs) stemming from two substantial solar projects: the Fort Covington Solar Project, boasting a capacity of 250 MW, and the Two Rivers Solar Project, which will contribute an additional 200 MW. Collectively, these initiatives will provide a notable total capacity of 450 MW, supporting New York's ambitious clean energy objectives as part of NYSERDA's 2024 Renewable Energy Standard Competitive Solicitation.
The Fort Covington project, situated in Franklin County, and the Two Rivers project, located in St. Lawrence County, signify Boralex's growing commitment to renewable energy in the U.S. According to Boralex's CEO, Patrick Decostre, the company is dedicated to aligning its operations with New York's renewable energy targets. Furthermore, Executive Vice President Hugues Girardin highlights the strategic intent to enhance Boralex's renewable energy platform across the United States. The projects are set to commence construction in 2026, with an anticipated commissioning in 2028, marking a significant leap forward in Boralex's operational capacity and contributions to the region's energy landscape.
Beyond merely generating power, these projects are projected to serve approximately 105,000 homes, bringing substantial economic benefits to local communities. The construction phase is expected to create between 300 to 400 jobs, alongside long-term operational roles that will further bolster the local economy. Local officials, including Town Supervisors from Brasher, Massena, and Fort Covington, express enthusiasm for the positive impact these projects will have on their communities, illustrating a shared commitment to advancing renewable energy initiatives in New York.
In summary, Boralex Inc.'s collaboration with NYSERDA marks a critical step in enhancing the company’s renewable energy capabilities while supporting state-wide clean energy goals. The planned solar projects not only promise to deliver significant energy output but also foster job creation and economic growth, aligning with broader environmental and sustainability objectives.