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Boralex Announces Closing of the Acquisition of 20 MW "Sky High" Solar Farm in New York State
Boralex Announces Closing of the Acquisition of 20 MW "Sky High" Solar Farm in New York S...
About this update from Boralex Inc. Class A
[{"type":"text","content":"\n \n \n \n Boralex Announces Closing of the Acquisition of 20 MW \"Sky High\" Solar Farm in New York State\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n MONTRÉAL,\n \n Jan. 25, 2021\n \n /CNW Telbec/ - Boralex Inc. (TSX: BLX) (\"Boralex\" or the \"Corporation\") announces that a wholly owned subsidiary of the Corporation has completed a transaction with Delaware River Solar, LLC to acquire Sky High Solar Farm, located in\n \n New York State\n \n .\n \n \n Sky High Solar Farm is a 20MWac project located in the\n \n Town of Tully\n \n , in the County of\n \n Onondaga\n \n . The project is ground-mounted and being developed on three separate parcels of land across 145 acres. The forecasted electric output is estimated at 35 gigawatt-hours annually, enough electricity to power 4,600 homes annually. Construction of the Sky High Solar Farm is expected to be completed by Q3 2022.\n \n \n \"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, President and CEO of Boralex. \"Sky High aligns well with our current\n \n New York\n \n portfolio, and will help to advance\n \n New York's\n \n clean energy transformation.\"\n \n \n In 2018, Sky High Solar Farm was one of 26 projects to be selected by the\n \n New York State\n \n Energy Research Development Authority (\"NYSERDA\") as part of its 2017 Renewable Energy Standard Solicitation for the purchase of Tier-1 Eligible Renewable Energy Certificates (RECs). Each REC represents the environmental attributes of one megawatt hour of electricity generated from an eligible renewable source like solar. The project supports\n \n New York's\n \n goal to obtain 70 percent of its electricity from renewable sources by 2030.\n \n \n \n About Boralex\n \n \n Boralex develops, builds and operates renewable energy power facilities in\n \n Canada\n \n ,\n \n France\n \n , the\n \n United Kingdom\n \n and\n \n the United States\n \n . A leader in the Canadian market a...