Common use of Detailed Description of the Project Clause in Contracts

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. King Creek Wind Farm LLC (King Creek Wind) is requesting an appraised value limitation from Xxxxxxxxxxxx Collegiate Independent School District (TCISD) for the King Creek Wind Project (the “Project”), a proposed wind powered electric generating facility in Xxxxxxxxxxxx County. The proposed Throckmorton Collegiate ISD Project (this application) will be constructed within a Reinvestment Zone to be created by Xxxxxxxxxxxx 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 200 MW located in Xxxxxxxxxxxx Collegiate ISD. The exact number and location of wind turbines and size of each turbine will vary depending upon ongoing wind and siting analysis, turbine manufacturer’s availability, prices, and the megawatt generating capacity of the Project when completed. Current estimated plans are to install 62 of the 2.9 MW Siemens/Gamesa wind turbines and 8 of the 2.625 MW Siemens/Gamesa wind turbines with all turbines located in Xxxxxxxxxxxx Collegiate ISD. The Applicant requests a value limitation for all facilities and equipment installed for the Project, including; wind turbines, towers, foundations, roadways, an O&M building, electric substation, meteorological towers, collection system, communication system, electric switchyard, electric transformers, transmission line and associated towers, interconnection facilities and all eligible ancillary and necessary equipment. Full construction of the Project is anticipated to begin in the 4th Quarter of 2020 with completion by December 31, 2021. *NOTE: The map in TAB 11 shows the potential locations of 70 of the wind turbines, an O&M building within Xxxxxxxxxxxx Collegiate ISD boundaries; however, the final number of turbines and the location of each of these facilities is dependent upon ongoing negotiations with power purchasers and other factors. TAB 5 Documentation to assist in determining if limitation is a determining factor. With origins dating back to 1985, 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 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 (PPA). Therefore, the applicant 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) District Percentage Xxxxxxxxxxxx County 100% Xxxxxxxxxxxx ISD 100% TAB 7

Appears in 1 contract

Samples: assets.comptroller.texas.gov

AutoNDA by SimpleDocs

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. King Creek Wind Farm II, LLC (King Creek WindWind II) is requesting an appraised value limitation from Xxxxxxxxxxxx Collegiate Independent School District (TCISD) for the King Creek Wind II Project (the “Project”), a proposed wind powered electric generating facility in Xxxxxxxxxxxx County. The proposed Throckmorton Collegiate ISD Project (this application) will be constructed within a Reinvestment Zone to be created by Xxxxxxxxxxxx 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 200 275 MW located in Xxxxxxxxxxxx Collegiate ISD. The exact number and location of wind turbines and size of each turbine will vary depending upon ongoing wind and siting analysis, turbine manufacturer’s availability, prices, and the megawatt generating capacity of the Project when completed. Current estimated plans are to install 62 85 of the 2.9 MW Siemens/Gamesa wind Wind turbines and 8 11 of the 2.625 MW Siemens/Gamesa wind turbines with all turbines located in Xxxxxxxxxxxx Collegiate ISD. The Applicant requests a value limitation for all facilities and equipment installed for the Project, including; wind turbines, towers, foundations, roadways, an O&M building, electric substation, meteorological towers, collection system, communication system, electric switchyard, electric transformers, transmission line and associated towers, interconnection facilities and all eligible ancillary and necessary equipment. Full construction of the Project is anticipated to begin in the 4th Quarter of 2020 2021 with completion by December 31, 20212022. *NOTE: The map in TAB 11 shows the potential locations of 70 96 of the wind turbines, an O&M building within Xxxxxxxxxxxx Collegiate ISD boundaries; however, the final number of turbines and the location of each of these facilities is dependent upon ongoing negotiations with power purchasers and other factors. TAB 5 Documentation to assist in determining if limitation is a determining factor. With origins dating back to 1985, 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 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 (PPA). Therefore, the applicant 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) District Percentage Xxxxxxxxxxxx County 100% Xxxxxxxxxxxx ISD 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. King Creek Wind Farm 2 LLC (King Creek WindWind 2) is requesting an appraised value limitation from Xxxxxxxxxxxx Collegiate Independent School District (TCISD) for the King Creek Wind 2 Project (the “Project”), a proposed wind powered electric generating facility in Xxxxxxxxxxxx County. The proposed Throckmorton Collegiate ISD Project (this application) will be constructed within a Reinvestment Zone to be created by Xxxxxxxxxxxx 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 200 209 MW located in Xxxxxxxxxxxx Collegiate ISD. The exact number and location of wind turbines and size of each turbine will vary depending upon ongoing wind and siting analysis, turbine manufacturer’s availability, prices, and the megawatt generating capacity of the Project when completed. Current estimated plans are to install 62 49 turbines that will be sourced from the tier 1 providers of the 2.9 MW Siemens/Gamesa wind turbines and 8 of the 2.625 MW Siemens/Gamesa wind turbines GE and/or Vestas and/or Siemens with all turbines located in Xxxxxxxxxxxx Collegiate ISD. The Applicant requests a value limitation for all facilities and equipment installed for the Project, including; wind turbines, towers, foundations, roadways, an O&M building, electric substation, meteorological towers, collection system, communication system, electric switchyard, electric transformers, transmission line and associated towers, interconnection facilities and all eligible ancillary and necessary equipment. Full construction of the Project is anticipated to begin in the 4th Quarter of 2020 with completion by December 31, 2021. *NOTE: The map in TAB 11 shows the potential locations of 70 49 of the wind turbines, an O&M building within Xxxxxxxxxxxx Collegiate ISD boundaries; however, the final number of 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 KING CREEK WIND FARM 2 LLC TO XXXXXXXXXXXX COLLEGIATE ISD King Creek Wind Farm 2 LLC Chapter 313 Application Xxxxxxxxxxxx Collegiate ISD TAB 5 Documentation to assist in determining if limitation is a determining factor. With origins dating back to 198514 Schedules A1, 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 CoastA2, Mid-west B, C and Northeast portions of the US. EDF Renewables is a national wind D completed 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 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 (PPA). Therefore, the applicant 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 Economic Impact (if applicable) District Percentage 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) Date 9/30/2020 Applicant Name King Creek Wind Farm 2 LLC Form 50-296A ISD Name Xxxxxxxxxxxx County 100% Xxxxxxxxxxxx Collegiate ISD 100% TAB 7Revised May 2014 PROPERTY INVESTMENT AMOUNTS Enter amounts from TOTAL row above in Schedule A2 187,100,000 For All Columns: List amount invested each year, not cumulative totals.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

AutoNDA by SimpleDocs

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. King Creek Wind Farm Brazos Fork Solar, LLC (King Creek WindBrazos Fork) is requesting an appraised value limitation from Xxxxxxxxxxxx Collegiate Xxxxxxx Consolidated Independent School District (TCISDCISD) for the King Creek Wind Brazos Fork Project (the “Project”), a proposed wind solar powered electric generating facility in Xxxxxxxxxxxx Xxxxxxx County. The proposed Throckmorton Collegiate ISD Xxxxxxx CISD Project (this application) will be constructed within a the Brazos Fork Reinvestment Zone Zone, estimated to be approximately 12,260 acres, that was created by Xxxxxxxxxxxx CountyXxxxxxx 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 200 300 MW located in Xxxxxxxxxxxx Collegiate ISDXxxxxxx CISD. The exact number and location of wind turbines panels and size of each turbine inverters 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 62 of the 2.9 MW Siemens/Gamesa wind turbines approximately 850,164 PV modules and 8 of the 2.625 MW Siemens/Gamesa wind turbines 87 inverters with all turbines improvements located in Xxxxxxxxxxxx Collegiate ISDXxxxxxx CISD. The Applicant requests a value limitation for all facilities and equipment installed for the Project, including; wind turbinessolar modules/panels, towerstracking equipment, racking and mounting structures, O&M building, substation, inverters boxes, combiner boxes, meteorological equipment, foundations, roadways, an O&M buildingpaving, electric substation, meteorological towersfencing, collection system, communication system, electric switchyard, electric transformers, generation transmission line and associated towerslines, interconnection facilities and all eligible ancillary and necessary equipmentequipment for commercial generation of electricity. Full construction of the Project is anticipated to begin in the 4th Quarter June of 2020 2022 with completion by December 31, 20212023. *NOTE: The map in TAB 11 shows the potential locations of 70 of the wind turbines, an O&M building improvements within Xxxxxxxxxxxx Collegiate ISD Xxxxxxx CISD boundaries; however, the final number of turbines panels and inverters and the location of each of these facilities is dependent upon ongoing negotiations with power purchasers and other factors. TAB 5 Documentation to assist 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 determining if limitation is a determining factor. With origins dating back to 1985Schedule A2 255,000,000 For All Columns: List amount invested each year, 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 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 (PPA). Therefore, the applicant 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) District Percentage Xxxxxxxxxxxx County 100% Xxxxxxxxxxxx ISD 100% TAB 7cumulative totals.

Appears in 1 contract

Samples: assets.comptroller.texas.gov

Time is Money Join Law Insider Premium to draft better contracts faster.