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Shasta Power asks Crawford County to lift moratorium so $400 million solar project can move forward
Summary
Representatives of Shasta Power asked the Crawford County Commission to lift the county’s moratorium or grant an exemption so a proposed roughly $400 million solar project can meet looming financing deadlines; residents and landowners offered mixed reactions and commissioners pressed developers on decommissioning bonds, tax treatment and project transferability.
John Copyak and Boris Feldman, representatives of Shasta Power, told the Crawford County Board of Commissioners on March 27 that their proposed large-scale solar project faces near-term financing deadlines and asked the board to lift the county moratorium or grant an exemption so the project can proceed to Planning and Zoning review.
Copyak said the company has put down nonrefundable financing commitments and that, if built, the project “would likely be the largest taxpayer” in the county. Feldman described project financing and said a decommissioning bond will be required. He said the site would sell power into a regional market and that the project could enable utilities to lock in energy prices for roughly 20 years.
The developers provided several figures during the meeting. Feldman said the project’s value is…
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