Wind Power Project Could Bring $259 Million Investment to Shelby County

by

6 comments

A Clean Line wind farm in Oklahoma
  • Clean Line Energy Partners LLC
  • A Clean Line wind farm in Oklahoma

Plains and Eastern Clean Line LLC wants to invest $259 million in an area around Millington for a hub that would bring wind energy from Oklahoma to Tennessee.

The company has asked for an 11-year tax break from the Memphis Economic Development Growth Engine for Memphis & Shelby County. The request will come before that board during its meeting Wednesday, according to an updated agenda released Monday morning.

The proposed Shelby County project includes $9.6 million for transmission lines, $1.2 million for the the purchase of 208 acres of land, the $10 million construction of a 30,000-square-foot converter facility, and the $239 million purchase of converter equipment, according to EGDE documents.

The local converter station would be part of a overall project by Plains and Eastern Clean Line to purchase wind energy from Oklahoma, and run it along a 700-mile, 600-kilovolt electric transmission line to tie in to the Tennessee Valley Authority electricity grid.

clean-line-logo.png

The project would create 16 new jobs with an average salary of $56,875, according to EDGE.

The facility would deliver more than 3,500 megawatts of electricity.

The company's application says they are looking at the Shelby County site as well as a site in Tipton County.

The 11-year payment-in-lieu-of-taxes deal would abate 41 percent of the taxes on the facility, according to EDGE. The site now brings $2,975 in annual property taxes for the county. If approved, the new project would yield about $36.2 million in new tax revenue for Shelby County during the 11-year term of the deal.

If approved by federal regulators the project is expected to begin construction in 2016 and
take two years to complete.

Keep the Flyer Free!

Always independent, always free (never a paywall),
the Memphis Flyer is your source for the best in local news and information.

Now we want to expand and enhance our work.
That's why we're asking you to join us as a Frequent Flyer member.

You'll get membership perks (find out more about those here) and help us continue to deliver the independent journalism you've come to expect.


Comments (6)

Showing 1-6 of 6

Add a comment
 

Add a comment