01/25/2022
This morning, after more than a year of negotiations, the County of Chautauqua IDA approved a Payment in Lieu of Taxes (PILOT) agreement with the South Ripley Solar Project. Through the PILOT and Host Community Agreements, the Project is expected to contribute over $60 million in increased revenue to local taxing jurisdictions including the Town of Ripley, Chautauqua County, the Sherman Central School District, the Ripley Central School District, and the Ripley Volunteer Fire Department over its 30-plus-year lifespan. In addition to the local tax benefits, local landowners are expected to receive more than $30 million in long-term revenue in the form of solar leases, easement agreements, and good neighbor agreements. We want to thank the County of Chautauqua Industrial Development Agency staff and board members, who put a tremendous amount of effort into our PILOT agreement discussions.
Mark Geise, deputy county executive for Economic Development/chief executive officer of the county IDA, said: “This is a project that ConnectGen and the community have been working on for a couple of years. The built-in certainty of guaranteed revenue made possible by the PILOT and Host Community Agreements will allow Ripley and Chautauqua County to make long-term financial plans, and I’m glad that the CCIDA could assist the Town and ConnectGen in making it a reality.”
PJ Wendel, County Executive, said: “This project is a win for the town of Ripley, Chautauqua County and the state of New York. We are thrilled that we have the land and infrastructure to attract this clean energy project to our area.”
The Chautauqua County Industrial Development Agency on Tuesday approved incentives for ConnectGen Chautauqua County LLC’s South Ripley solar project, a 270-megawatt, large-scale solar project located in the town of Ripley. The project will include a 20 MW battery energy storage component. “This ...