Silicon Ranch Corp. completed the sale of all or a portion of the 55-MW Hazlehurst III solar project to the Joint Development Authority of Jeff Davis County, Hazlehurst and Denton, Ga., known as JDA.
Once the planned solar farm in Jeff Davis County, Ga., enters operation, it will be connected to Southern Co.'s balancing authority area. Its output will be sold to Green Power EMC under a 30-year power purchase agreement, according to filings with the Federal Energy Regulatory Commission.
The deal also includes a 17-year leaseback agreement between a Silicon Ranch affiliate, SR Hazlehurst III LLC, and JDA as part of a bond transaction to provide a personal property tax abatement for the project.
FERC cleared the transaction Oct. 28, 2019. (FERC docket EC19-133)