Proposed Vinton County 125-MW solar project could generate revenue for area

Officials in Vinton County “are laying out the welcome mat” for a proposed solar farm that would generate tax revenue in addition to electricity, The Columbus Dispatch reports. Invenergy, a renewable energy company based in Chicago, “plans to build the 125-megawatt solar farm” on privately owned “reclaimed strip-mined land just outside McArthur,” according to the article. County Commissioners said the “value to Vinton County lies in the tax revenue the project would generate.” They “anticipate negotiating a payment-in-lieu-of-taxes agreement” that would “generate $827,822 for county and local governments and the countywide school district, which would receive $389,902 of the annual total.” The proposed site of the project currently generates $11,717 in annual property taxes. For more, read the full article.

Renewable Energy, Solar