Boralex Inc.’s wholly owned subsidiary has completed a transaction with Delaware River Solar LLC to acquire Sky High solar farm, located in New York, USA. The 20 MW Sky High Solar Farm is located in the town of Tully, Onondaga. The project is ground-mounted and is being developed on three separate parcels of land across 145 acres. The forecasted electric output is estimated at 35 GWh annually, which is enough to power 4,600 homes annually. The construction of the Sky High Solar Farm is expected to be completed by the third quarter of 2022.
“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 New York portfolio, and will help to advance New York’s clean energy transformation,” he added. In 2018, Sky High Solar Farm was one of 26 projects to be selected by the New York State Energy Research Development Authority 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 MWh of electricity generated from an eligible renewable source like solar. The project supports New York’s goal to obtain 70 per cent of its electricity from renewable sources by 2030.