$13 million investment proposed by GSPP Route 262 LLC
Press release
BATAVIA, NY – The Genesee County Economic Development Center (GCEDC) board of directors will consider a final resolution for GSPP Route 262, LLC’s 5-MW community solar project at its board meeting on Thursday, June 1, 2023. The project’s total capital investment is estimated at $13 million and will be located in the town of Byron.
GSPP Route 262, LLC’s project is aligned with New York’s goals for renewable energy, energy efficiency and greenhouse gas reductions, and will offer customers a 10% discount vs. average market rates for the generated power.
Agreements negotiated for GSPP Route 262, LLC’s project PILOT would generate $4,000/MWAC + a 2% annual escalator of revenues with Genesee County, the Town of Byron, and Byron-Bergen Central School District. This project is estimated to generate a $627,303 increase in property-tax type revenues to host municipalities.
A public hearing on the proposed project agreement was held on April 19 in the town of Byron.
The June 1, 2023, GCEDC board meeting will be held at 4 p.m. at the MedTech Center’s Innovation Zone, 99 MedTech Drive, Batavia. Meeting materials and links to a live stream/on-demand recording of the meeting is available at www.gcedc.com.