Solar projects have proposed investments generating over $127.4 million in municipal revenues since 2019
Press release
BATAVIA, NY – The Genesee County Economic Development Center (GCEDC) board of directors accepted an initial resolution for Oak Orchard Solar 3 LLC’s community solar farm project in the town of Batavia at the board’s Thursday, August 3 meeting.
The $9 million investment will include the installation of ground-mounted solar panels in order to generate up to 5 megawatts of power.
Since 2019, the GCEDC has reviewed over $1 billion of solar energy projects. These projects have proposed 860 megawatts of renewable energy and property tax-type revenues of $127.4 million to municipalities.
Under the proposed project agreement, Oak Orchard Solar 3 LLC’s project would generate $4,000/megawatts (AC) annually + a 2% annual escalator of revenues to Genesee County and the Elba Central School District. Including a host agreement with the Town of Batavia, this project is estimated to generate a $319,088 increase in property-tax type revenues to host municipalities over the life of the agreements.
A public hearing on the proposed project agreement will be scheduled in the town of Batavia.