Detailed Description of the Project. Provide a detailed description of the scope of the proposed project, including, at a minimum, the type and planned use of real and tangible personal property, the nature of the business, a timeline for property construction or installation, and any other relevant information. Brazos Fork Solar, LLC (Brazos Fork) is requesting an appraised value limitation from Xxxxxxx Consolidated Independent School District (CISD) for the Brazos Fork Project (the “Project”), a proposed solar powered electric generating facility in Xxxxxxx County. The proposed Xxxxxxx CISD Project (this application) will be constructed within the Brazos Fork Reinvestment Zone, estimated to be approximately 12,260 acres, that was created by Xxxxxxx County on November 24th, 2020. A map showing the location of the project is included in TAB 11. The proposed Project is anticipated to have a capacity of approximately 300 MW located in Xxxxxxx CISD. The exact number and location of panels and inverters will vary depending upon ongoing siting analysis, manufacturer’s availability, prices, and the final megawatt generating capacity of the Project when completed. Current estimated plans are to install approximately 850,164 PV modules and 87 inverters with all improvements located in Xxxxxxx CISD. The Applicant requests a value limitation for all facilities and equipment installed for the Project, including; solar modules/panels, tracking equipment, racking and mounting structures, O&M building, substation, inverters boxes, combiner boxes, meteorological equipment, foundations, roadways, paving, fencing, collection system, generation transmission lines, interconnection facilities and all necessary equipment for commercial generation of electricity. Full construction of the Project is anticipated to begin in June of 2022 with completion by December 31, 2023. *NOTE: The map in TAB 11 shows the potential locations of improvements within Xxxxxxx CISD boundaries; however, the final number of panels and inverters and the location of each of these facilities is dependent upon ongoing negotiations with power purchasers and other factors. ATTACHMENT TO APPLICATION FOR APPRAISED VALUE LIMITATION ON QUALIFIED PROPERTY BY BRAZOS FORK SOLAR, LLC TO XXXXXXX CISD Schedule A1: Total Investment for Economic Impact (through the Qualifying Time Period) 1510-haskellcisd-brazosforksolar-amendment002 Date 4/1/2021 Applicant Name Brazos Fork Solar, LLC Form 50-296A ISD Name Xxxxxxx CISD Revised February 2020 PROPERTY INVESTMENT AMOUNTS Enter amounts from TOTAL row above in Schedule A2 255,000,000 For All Columns: List amount invested each year, not cumulative totals.
Appears in 1 contract
Samples: assets.comptroller.texas.gov
Detailed Description of the Project. Provide a detailed description of the scope of the proposed project, including, at a minimum, the type and planned use of real and tangible personal property, the nature of the business, a timeline for property construction or installation, and any other relevant information. Brazos Fork Solar, King Creek Wind Farm LLC (Brazos ForkKing Creek Wind) is requesting an appraised value limitation from Xxxxxxx Consolidated Xxxxxxxxxxxx Collegiate Independent School District (CISDTCISD) for the Brazos Fork King Creek Wind Project (the “Project”), a proposed solar wind powered electric generating facility in Xxxxxxx Xxxxxxxxxxxx County. The proposed Xxxxxxx CISD Throckmorton Collegiate ISD Project (this application) will be constructed within the Brazos Fork a Reinvestment Zone, estimated Zone to be approximately 12,260 acres, that was created by Xxxxxxx County on November 24th, 2020Xxxxxxxxxxxx County. A map showing the location of the project is included in TAB 11. The proposed Project is anticipated to have a capacity of approximately 300 200 MW located in Xxxxxxx CISDXxxxxxxxxxxx Collegiate ISD. The exact number and location of panels wind turbines and inverters size of each turbine will vary depending upon ongoing wind and siting analysis, turbine manufacturer’s availability, prices, and the final megawatt generating capacity of the Project when completed. Current estimated plans are to install approximately 850,164 PV modules 62 of the 2.9 MW Siemens/Gamesa wind turbines and 87 inverters 8 of the 2.625 MW Siemens/Gamesa wind turbines with all improvements turbines located in Xxxxxxx CISDXxxxxxxxxxxx Collegiate ISD. The Applicant requests a value limitation for all facilities and equipment installed for the Project, including; solar modules/panelswind turbines, tracking equipment, racking and mounting structures, O&M building, substation, inverters boxes, combiner boxes, meteorological equipmenttowers, foundations, roadways, pavingan O&M building, fencingelectric substation, meteorological towers, collection system, generation communication system, electric switchyard, electric transformers, transmission linesline and associated towers, interconnection facilities and all eligible ancillary and necessary equipment for commercial generation of electricityequipment. Full construction of the Project is anticipated to begin in June the 4th Quarter of 2022 2020 with completion by December 31, 20232021. *NOTE: The map in TAB 11 shows the potential locations of improvements 70 of the wind turbines, an O&M building within Xxxxxxx CISD Xxxxxxxxxxxx Collegiate ISD boundaries; however, the final number of panels and inverters turbines and the location of each of these facilities is dependent upon ongoing negotiations with power purchasers and other factors. ATTACHMENT TO APPLICATION FOR APPRAISED VALUE LIMITATION ON QUALIFIED PROPERTY BY BRAZOS FORK SOLARTAB 5 Documentation to assist in determining if limitation is a determining factor. With origins dating back to 1985, LLC TO XXXXXXX CISD Schedule A1: Total Investment EDF Renewables has a presence worldwide having built 16 GW of operating projects with an additional 1,000MW of renewable energy projects currently under construction. EDF Renewables has developed operating power projects supplying power on the West Coast, Mid-west and Northeast portions of the US. EDF Renewables is a national wind and solar developer currently evaluating a large project pipeline of approximately 24GW of wind and solar project opportunities in Washington, Oregon, California, Nevada, Utah, Arizona, Colorado Wyoming, New Mexico, Texas, Oklahoma, Kansas, Nebraska North Dakota Minnesota, Iowa, Missouri, Arkansas, Louisiana Michigan, Illinois, Indiana, Ohio Kentucky North Carolina Alabama, Georgia, Florida, New York, Maine and new Jersey as well as locations in Canada and Mexico. With both domestic U.S and international opportunities, the company has the ability to locate projects of this type in any of these states and countries where favorable wind and solar conditions exist. The Applicant is actively assessing the financial viability and potential development of this project against other projects in the development pipeline that are competing for Economic Impact limited investment funds. With Texas wholesale electricity prices already below the international average, it is necessary to limit the property tax liabilities for a solar project in order to be able to offer electricity at prices that are marketable to Texas customers at competitive rates. Markets in other areas of the country that have statewide available subsidies for renewable energy projects, and which have higher average contracted power rates, offer an attractive incentive for developers to build projects in those markets over Texas. The property tax liability of a project without tax incentives in Texas would reduce the return to investors and financiers to an unacceptable level at todays contracted power rates under a power purchase agreement (through PPA). Therefore, the Qualifying Time Periodapplicant would not be able to finance and build the project in Texas even with a signed PPA because of the low price in the PPA. Without the 313 Value Limitation, the applicant would be forced to walk away from this project and spend the potential investment in other states where the rate of return is higher. TAB 6 Description of how project is located in more than one district, including list of percentage in each district and, if determined to be a single unified project, documentation from the Office of the Governor (if applicable) 1510-haskellcisd-brazosforksolar-amendment002 Date 4/1/2021 Applicant Name Brazos Fork Solar, LLC Form 50-296A District Percentage Xxxxxxxxxxxx County 100% Xxxxxxxxxxxx ISD Name Xxxxxxx CISD Revised February 2020 PROPERTY INVESTMENT AMOUNTS Enter amounts from TOTAL row above in Schedule A2 255,000,000 For All Columns: List amount invested each year, not cumulative totals.100% TAB 7
Appears in 1 contract
Samples: assets.comptroller.texas.gov
Detailed Description of the Project. Provide a detailed description of the scope of the proposed project, including, at a minimum, the type and planned use of real and tangible personal property, the nature of the business, a timeline for property construction or installation, and any other relevant information. Brazos Fork Solar, King Creek Wind Farm 2 LLC (Brazos ForkKing Creek Wind 2) is requesting an appraised value limitation from Xxxxxxx Consolidated Xxxxxxxxxxxx Collegiate Independent School District (CISDTCISD) for the Brazos Fork King Creek Wind 2 Project (the “Project”), a proposed solar wind powered electric generating facility in Xxxxxxx Xxxxxxxxxxxx County. The proposed Xxxxxxx CISD Throckmorton Collegiate ISD Project (this application) will be constructed within the Brazos Fork a Reinvestment Zone, estimated Zone to be approximately 12,260 acres, that was created by Xxxxxxx County on November 24th, 2020Xxxxxxxxxxxx County. A map showing the location of the project is included in TAB 11. The proposed Project is anticipated to have a capacity of approximately 300 209 MW located in Xxxxxxx CISDXxxxxxxxxxxx Collegiate ISD. The exact number and location of panels wind turbines and inverters size of each turbine will vary depending upon ongoing wind and siting analysis, turbine manufacturer’s availability, prices, and the final megawatt generating capacity of the Project when completed. Current estimated plans are to install approximately 850,164 PV modules and 87 inverters 49 turbines that will be sourced from the tier 1 providers of GE and/or Vestas and/or Siemens with all improvements turbines located in Xxxxxxx CISDXxxxxxxxxxxx Collegiate ISD. The Applicant requests a value limitation for all facilities and equipment installed for the Project, including; solar modules/panelswind turbines, tracking equipment, racking and mounting structures, O&M building, substation, inverters boxes, combiner boxes, meteorological equipmenttowers, foundations, roadways, pavingan O&M building, fencingelectric substation, meteorological towers, collection system, generation communication system, electric switchyard, electric transformers, transmission linesline and associated towers, interconnection facilities and all eligible ancillary and necessary equipment for commercial generation of electricityequipment. Full construction of the Project is anticipated to begin in June the 4th Quarter of 2022 2020 with completion by December 31, 20232021. *NOTE: The map in TAB 11 shows the potential locations of improvements 49 of the wind turbines, an O&M building within Xxxxxxx CISD Xxxxxxxxxxxx Collegiate ISD boundaries; however, the final number of panels and inverters turbines and the location of each of these facilities is dependent upon ongoing negotiations with power purchasers and other factors. ATTACHMENT TO APPLICATION FOR APPRAISED VALUE LIMITATION ON QUALIFIED PROPERTY BY BRAZOS FORK SOLAR, KING CREEK WIND FARM 2 LLC TO XXXXXXX CISD XXXXXXXXXXXX COLLEGIATE ISD King Creek Wind Farm 2 LLC Chapter 313 Application Xxxxxxxxxxxx Collegiate ISD TAB 14 Schedules A1, A2, B, C and D completed and signed Economic Impact (if applicable) See attached Schedules A1, A2, B, C and D ATTACHMENT TO APPLICATION FOR APPRAISED VALUE LIMITATION ON QUALIFIED PROPERTY BY KING CREEK WIND FARM 2 LLC TO XXXXXXXXXXXX COLLEGIATE ISD Schedule A1: Total Investment for Economic Impact (through the Qualifying Time Period) 1510-haskellcisd-brazosforksolar-amendment002 Date 4/1/2021 9/30/2020 Applicant Name Brazos Fork Solar, King Creek Wind Farm 2 LLC Form 50-296A ISD Name Xxxxxxx CISD Xxxxxxxxxxxx Collegiate ISD Revised February 2020 May 2014 PROPERTY INVESTMENT AMOUNTS Enter amounts from TOTAL row above in Schedule A2 255,000,000 187,100,000 For All Columns: List amount invested each year, not cumulative totals.
Appears in 1 contract
Samples: assets.comptroller.texas.gov
Detailed Description of the Project. Provide a detailed description of the scope of the proposed project, including, at a minimum, the type and planned use of real and tangible personal property, the nature of the business, a timeline for property construction or installation, and any other relevant information. Brazos Fork SolarKing Creek Wind Farm II, LLC (Brazos ForkKing Creek Wind II) is requesting an appraised value limitation from Xxxxxxx Consolidated Xxxxxxxxxxxx Collegiate Independent School District (CISDTCISD) for the Brazos Fork King Creek Wind II Project (the “Project”), a proposed solar wind powered electric generating facility in Xxxxxxx Xxxxxxxxxxxx County. The proposed Xxxxxxx CISD Throckmorton Collegiate ISD Project (this application) will be constructed within the Brazos Fork a Reinvestment Zone, estimated Zone to be approximately 12,260 acres, that was created by Xxxxxxx County on November 24th, 2020Xxxxxxxxxxxx County. A map showing the location of the project is included in TAB 11. The proposed Project is anticipated to have a capacity of approximately 300 275 MW located in Xxxxxxx CISDXxxxxxxxxxxx Collegiate ISD. The exact number and location of panels wind turbines and inverters size of each turbine will vary depending upon ongoing wind and siting analysis, turbine manufacturer’s availability, prices, and the final megawatt generating capacity of the Project when completed. Current estimated plans are to install approximately 850,164 PV modules 85 of the 2.9 MW Siemens/Gamesa Wind turbines and 87 inverters 11 of the 2.625 MW Siemens/Gamesa with all improvements turbines located in Xxxxxxx CISDXxxxxxxxxxxx Collegiate ISD. The Applicant requests a value limitation for all facilities and equipment installed for the Project, including; solar modules/panelswind turbines, tracking equipment, racking and mounting structures, O&M building, substation, inverters boxes, combiner boxes, meteorological equipmenttowers, foundations, roadways, pavingan O&M building, fencingelectric substation, meteorological towers, collection system, generation communication system, electric switchyard, electric transformers, transmission linesline and associated towers, interconnection facilities and all eligible ancillary and necessary equipment for commercial generation of electricityequipment. Full construction of the Project is anticipated to begin in June the 4th Quarter of 2022 2021 with completion by December 31, 20232022. *NOTE: The map in TAB 11 shows the potential locations of improvements 96 of the wind turbines, an O&M building within Xxxxxxx CISD Xxxxxxxxxxxx Collegiate ISD boundaries; however, the final number of panels and inverters turbines and the location of each of these facilities is dependent upon ongoing negotiations with power purchasers and other factors. ATTACHMENT TO APPLICATION FOR APPRAISED VALUE LIMITATION ON QUALIFIED PROPERTY BY BRAZOS FORK SOLARTAB 5 Documentation to assist in determining if limitation is a determining factor. With origins dating back to 1985, LLC TO XXXXXXX CISD Schedule A1: Total Investment EDF Renewables has a presence worldwide having built 16 GW of operating projects with an additional 1,000MW of renewable energy projects currently under construction. EDF Renewables has developed operating power projects supplying power on the West Coast, Mid-west and Northeast portions of the US. EDF Renewables is a national wind and solar developer currently evaluating a large project pipeline of approximately 24GW of wind and solar project opportunities in Washington, Oregon, California, Nevada, Utah, Arizona, Colorado Wyoming, New Mexico, Texas, Oklahoma, Kansas, Nebraska North Dakota Minnesota, Iowa, Missouri, Arkansas, Louisiana Michigan, Illinois, Indiana, Ohio Kentucky North Carolina Alabama, Georgia, Florida, New York, Maine and new Jersey as well as locations in Canada and Mexico. With both domestic U.S and international opportunities, the company has the ability to locate projects of this type in any of these states and countries where favorable wind and solar conditions exist. The Applicant is actively assessing the financial viability and potential development of this project against other projects in the development pipeline that are competing for Economic Impact limited investment funds. With Texas wholesale electricity prices already below the international average, it is necessary to limit the property tax liabilities for a solar project in order to be able to offer electricity at prices that are marketable to Texas customers at competitive rates. Markets in other areas of the country that have statewide available subsidies for renewable energy projects, and which have higher average contracted power rates, offer an attractive incentive for developers to build projects in those markets over Texas. The property tax liability of a project without tax incentives in Texas would reduce the return to investors and financiers to an unacceptable level at todays contracted power rates under a power purchase agreement (through PPA). Therefore, the Qualifying Time Periodapplicant would not be able to finance and build the project in Texas even with a signed PPA because of the low price in the PPA. Without the 313 Value Limitation, the applicant would be forced to walk away from this project and spend the potential investment in other states where the rate of return is higher. TAB 6 Description of how project is located in more than one district, including list of percentage in each district and, if determined to be a single unified project, documentation from the Office of the Governor (if applicable) 1510-haskellcisd-brazosforksolar-amendment002 Date 4/1/2021 Applicant Name Brazos Fork Solar, LLC Form 50-296A District Percentage Xxxxxxxxxxxx County 100% Xxxxxxxxxxxx ISD Name Xxxxxxx CISD Revised February 2020 PROPERTY INVESTMENT AMOUNTS Enter amounts from TOTAL row above in Schedule A2 255,000,000 For All Columns: List amount invested each year, not cumulative totals.100% TAB 7
Appears in 1 contract
Samples: assets.comptroller.texas.gov
