SolarBank Corporation, a leading developer and owner of renewable energy projects, is excited to announce the development of a 5.4 MW DC ground-mount solar power project in Broome County, New York. This project, known as the Boyle Project, will contribute significantly to SolarBank’s expanding portfolio of community solar initiatives, which currently exceed one gigawatt.
The Boyle Project is designed to provide clean energy to over 640 homes in the area once operational. It is expected to be eligible for incentives under the New York State Energy Research and Development Authority’s (NYSERDA) NY-Sun Program, a crucial factor in making the project economically viable.
One of the unique aspects of the Boyle Project is its incorporation of agrivoltaics. This innovative approach combines solar energy production with agricultural practices, in this case, sheep grazing. The project will partner with a local farmer to manage sheep grazing on the solar farm. This symbiotic relationship offers numerous benefits:
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Improved Soil Health:
Sheep grazing helps to improve soil health, which is crucial for sustainable agricultural practices.*
Natural Vegetation Management:
The sheep naturally manage vegetation around the solar panels, reducing the need for manual maintenance and minimizing environmental impact.*
Local Farm Economy:
The sheep grazing provides a reliable source of income for local farmers, contributing to the sustainability of the regional agricultural market.Beyond the environmental and economic benefits, the Boyle Project also serves as a testament to SolarBank’s commitment to empowering communities with clean and affordable energy. Once completed, the project will operate as a community solar project, allowing residents to subscribe and earn credits on their electric bills. By subscribing to a community solar project, individuals can access the benefits of renewable energy without the need for installing panels on their own property.
The development of the Boyle Project is subject to certain risks, including securing interconnection approval, obtaining necessary permits, and continued availability of third-party financing. There are also potential risks associated with the construction of the project and potential changes in government incentives and policies for solar power.
SolarBank Corporation remains dedicated to its mission of powering homes and businesses with clean and affordable energy. The Boyle Project embodies this commitment, showcasing SolarBank’s innovative approach to sustainable energy solutions. The project’s integration of agrivoltaics not only reduces the environmental footprint but also creates economic opportunities for local communities. SolarBank is committed to expanding its community solar portfolio, contributing to a cleaner and more sustainable future for all.
