Boralex bags 540 MW of solar awards in New York solicitation

Canadian power company Boralex Inc (TSE:BLX) has secured 540 MW of solar projects, one of which with co-located storage, in a solicitation for utility-scale renewable energy certificates (RECs) in New York.

The company’s awards will support the construction of five photovoltaic (PV) parks in upstate New York that are expected to produce more than 1 TWh of electricity per year. Their future output is estimated to be enough to supply more than 140,200 homes annually, Boralex said on Thursday.

The largest one of the five is the 250-MW Fort Covington solar park that Boralex will build in Franklin County to produce 473,000 MWh of power a year. Under a partnership with Savion LLC, the PV park will be coupled with 77 MW/308-MWh of battery storage capacity, which will be sited in Suffolk County.

An additional 244,800 MWh of electricity annually is set to be produced from the 130-MW Newport solar park in Oneida and Herkimer counties, while the 40-MW Foothills park in Fulton County will bring over 75,300 MWh annually. Boralex will also install the 100-MW Fort Edward and 20-mW Easton solar parks in New York’s Washington County, which will collectively generate around 231,000 MWh of power per year.

A total of 22 projects will be awarded 20-year Renewable Energy Standard agreements for the purchase of RECs associated with their power output. The procurement round has awarded 2.4 GW of solar and roughly 160 MW of battery storage capacity.

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