Boralex Inc. is set to significantly boost clean energy development in New York with two major solar energy projects totaling 450 megawatts (MW). The company has signed a Renewable Energy Standard Agreement (RESA) with the New York State Energy Research and Development Authority (NYSERDA) to procure Tier-1 Renewable Energy Certificates (RECs) from its planned solar facilities.
These New York solar projects totaling 450MW are a vital part of the state’s transition toward clean, renewable energy.
Fort Covington and Two Rivers Solar Projects Announced
The new solar developments, named the Fort Covington Solar Project and the Two Rivers Solar Project, will be located in Franklin and St. Lawrence Counties, respectively. Together, they represent a significant step forward in Boralex’s expansion into the U.S. renewable energy market.
- Fort Covington Solar Project (250 MW)
Located in the Town of Fort Covington, Franklin County. - Two Rivers Solar Project (200 MW)
Situated in the Towns of Brasher and Massena, St. Lawrence County.
Both projects are currently undergoing the permitting process with New York’s Office of Renewable Energy Siting and Electric Transmission.
What is a Renewable Energy Standard Agreement (RESA)?
A Renewable Energy Standard Agreement is a long-term contract between NYSERDA and renewable energy developers to purchase Tier-1 Renewable Energy Certificates (RECs). Each REC represents one megawatt-hour of renewable electricity delivered to the grid.
These agreements provide:
- Stable revenue streams for developers like Boralex, supporting financing and construction.
- Support for New York’s clean energy goals, including 70% renewable electricity by 2030 and 100% zero-emissions electricity by 2040.
By entering into a RESA, Boralex’s New York solar projects totaling 450MW are financially backed and integrated into the state’s official clean energy framework.
Greenbacker Begins Construction on New York’s Largest Solar Farm
Construction Timeline and Job Creation
Construction of both projects is expected to begin in 2026, with commercial operation slated for 2028.
The projects will:
- Generate electricity for approximately 105,000 homes annually.
- Create 300 to 400 construction jobs.
- Offer long-term operations and maintenance roles.
This will strengthen local economies in upstate New York while contributing to the state’s climate resilience.
Environmental Benefits and Climate Impact
These solar projects directly support New York’s Climate Leadership and Community Protection Act (CLCPA), reducing the state’s dependence on fossil fuels and cutting greenhouse gas emissions. They also help diversify New York’s renewable energy portfolio with large-scale, utility-grade solar installations.
A Milestone for Boralex and New York
The RESA agreement is a key milestone for Boralex as it expands its footprint in the U.S. renewable energy sector. It also underscores New York’s leadership in clean energy innovation, policy, and investment.
With the development of these New York solar projects totaling 450MW, the state is well-positioned to reach its ambitious renewable energy targets.
Stay tuned for updates from Boralex on project milestones, permitting progress, and community engagement opportunities as these transformative solar projects move forward.
