Acciona outlines $230M–$250M Fleming County solar proposal and potential tax implications
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Summary
Acciona/AEUG representatives presented a proposed Fleming Solar project estimated at $230 million–$250 million, discussed conversion of farmland assessments to non-farm status, estimated $13M–$15M in tangible equipment, and outlined PILOT and IRB options for tax abatements; no decision was made by the court.
Representatives Mark Franklin and David Cockey of Acciona/AEUG presented the proposed Fleming Solar project to the Fleming County Fiscal Court on Aug. 10, 2021, describing an estimated total project cost between $230,000,000 and $250,000,000 and an allocation of roughly $13,000,000 to $15,000,000 for tangible equipment and machinery.
The representatives distributed informational materials showing current PVA (property valuation administrator) values for agricultural parcels that would participate in the solar project and explained that, if parcels convert from farmland to non-farmland, their tax classification and resulting local tax revenue could change. They also outlined a proposed Payment In Lieu of Taxes (PILOT) arrangement and described the Industrial Revenue Bond (IRB) issuance process as the mechanism that could be used to seek state and local abatements on eligible portions of the project.
Court members asked for clarification on valuation and tax treatment; Acciona/AEUG provided the high-level estimates but the court did not vote on any agreement, PILOT or IRB action at the meeting. No formal commitments or approvals were recorded; the presentation was informational and intended to start local discussions about potential tax revenue, valuation changes, and incentives.
The Fleming Solar presentation is expected to return to future court agendas if Acciona/AEUG or county staff forward formal PILOT terms or IRB documentation for review. The court record shows only the presentation and informational materials at this meeting.