Key Takeaways
- Boralex Inc. has signed a contract with NYSERDA to procure Tier-1 Renewable Energy Certificates from two solar projects totaling 450 MW.
- The projects, located in Franklin and St. Lawrence Counties, are expected to create hundreds of construction jobs and provide power for approximately 105,000 homes.
- Construction is set to begin in 2026, with commissioning anticipated in 2028, contributing to New York’s clean energy targets and local economic development.
Boralex’s Commitment to Renewable Energy
Boralex Inc., a leader in renewable energy, has entered into a Renewable Energy Standard Agreement with the New York State Energy Research and Development Authority (NYSERDA). This agreement enables Boralex to procure Tier-1 Renewable Energy Certificates (RECs) from its Fort Covington Solar Project and Two Rivers Solar Project, collectively generating 450 megawatts of solar energy.
The contracts were awarded through NYSERDA’s 2024 Renewable Energy Standard Competitive Solicitation, highlighting Boralex’s significant role in advancing renewable energy in New York. Each REC signifies the environmental attributes associated with generating one megawatt-hour of electricity from renewable sources like solar.
Patrick Decostre, President and CEO of Boralex, expressed pride in contributing to New York’s clean energy goals and emphasized the strategic importance of the state for Boralex’s U.S. expansion. The projects are expected to deliver economic advantages for the local community, including construction jobs and sustainable energy for residents.
Local officials have praised the projects for their potential economic impact. The Town Supervisors from Brasher, Massena, and Fort Covington noted the projects would foster community growth through job creation, increased tax revenues, and sustainable economic development. Community engagement has been a priority for Boralex, which has actively communicated with residents and addressed concerns throughout the development process.
Construction of the Fort Covington and Two Rivers projects is slated to begin in 2026, with completion expected in 2028. Once operational, these projects will provide electricity to about 105,000 homes and support approximately 300 to 400 construction jobs, along with long-term operational positions.
The move aligns with New York’s broader clean energy transition strategy, integrating public-private partnerships to drive economic investments and deliver affordable energy. NYSERDA President Doreen M. Harris emphasized the importance of renewable projects like these in achieving the state’s climate objectives.
Boralex has established itself as a significant player in the renewable energy sector, with over 30 years of experience and a growing portfolio of projects in North America and Europe. The company aims to continue contributing to the fight against global warming through sustainable growth and innovation.
As construction advances, Boralex remains committed to its values of transparency and community partnership, ensuring that benefits extend beyond immediate economic gains to foster long-term sustainability in the regions where it operates.
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