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Commission approves industrial revenue bond for Curacao Energy storage project despite limited permanent jobs
Summary
Bernalillo County commissioners gave final approval to an industrial revenue bond (IRB) for the Curacao Energy battery-storage project, a tax-exemption tool county staff said is necessary to secure $225 million in private equipment investment. Commissioners debated the project’s limited long-term job creation before adopting the ordinance 3–1.
Bernalillo County commissioners voted to adopt an industrial revenue bond for the Curacao Energy storage project, a battery energy storage facility that staff said will store renewable generation from the Western Spirit line and begin operations in 2026. Director Marcos Gonzales said the project could “pretty much power half of Bernalillo County for four hours when deployed.”
The county’s action provides a personal property tax exemption for the equipment portion of the project; staff said the exemption was necessary for the developer to secure private…
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