Genesee County Financial Improvement Heart
The board of administrators of the Genesee County Financial Improvement Heart (GCEDC) superior closing resolutions for photo voltaic tasks that might generate $576.5 million in capital funding at its board assembly on Thursday, December 1, 2022. The board additionally has accepted an software for a $6.5 million photo voltaic neighborhood challenge within the metropolis of Pavilion.
Together with the 5 tasks thought-about Thursday, GCEDC has elevated greater than 850 megawatts of photo voltaic vitality technology from 21 tasks with a complete funding of 999 million {dollars}. Led by the PILOT and host neighborhood agreements proposed by Hecate Power Cider Photo voltaic LLC, these tasks are estimated to generate $126.4 million in future revenues for Genesee County communities and colleges.
Hecate Power Cider Photo voltaic LLC will construct a 500-megawatt utility-scale photo voltaic facility that can create roughly 500 full-time development jobs with the capability to produce 920,000 hours of renewable electrical energy yearly and supply energy as much as 120,000 properties.
The agreements negotiated with the Hecate Power Cider Photo voltaic LLC challenge will generate roughly $73.5 million via PILOTs and host neighborhood agreements with the Metropolis of Elba, the Metropolis of Oakfield, the Elba Central College District, and within the Oakfield-Alabama Central College District, together with:
- $13.18 million in Genesee County
- $19.38 million to the Metropolis of Elba
- $12.92 million to the City of Oakfield
- $16.85 million to the Elba Central College District
- $11.24 million to the Oakfield-Alabama College District
The GCEDC Board accepted closing resolutions for 3 neighborhood photo voltaic tasks totaling 10.5 megawatts of vitality, which embrace roughly $2 million in compensation for varied host communities.
- A 5-megawatt neighborhood photo voltaic challenge on West Foremost Highway in Le Roy by AES Rt 5 Storage LLC. The $11.01 million challenge will generate $597,180 in compensation to Genesee County, the city of Le Roy, and Le Roy Central Faculties.
- A 3-megawatt neighborhood photo voltaic challenge on Alexander Highway in Batavia by RPNY Photo voltaic 6 LLC. The $5.97 million challenge will generate $447,748 in reimbursements to Genesee County, town of Batavia, and Alexander Central Faculties.
- A 2.5-megawatt neighborhood photo voltaic challenge on Alexander Highway in Batavia RPNY Photo voltaic 7 LLC. The $3.55 million challenge will generate $373,124 in funds to Genesee County, town of Batavia, and Batavia Metropolis Faculties.
Lastly, the board accepted an preliminary decision from NY CDG Genesee 4 LLC for a 4.275 MW photo voltaic farm within the Pavilion township neighborhood on Shepard Highway. The $6.5 million challenge will generate roughly $500,000 in PILOT, host neighborhood, and actual property tax funds to Genesee County, town of Pavilion and the Pavilion Central Faculties. A public listening to on the challenge settlement is scheduled within the city of Pavilion.
