Will Andy Cuomo force you to subsidize a giant solar panel scheme planned for the former Seneca Army Depot, home to some of the nation's cloudiest skies?
ENTECCO LLC and its team are proposing a renewable power generation project that will be a “Renewable Energy Delivery Hub,” dedicated to the generation of photo voltaic (PV) or concentrated photo voltaic (CPV) solar energy at a size of up to 2,000 MW, to be located in Seneca County, N.Y.
A proposal from ENTECCO was one of dozens offered recently as part of New York Gov. Andrew Cuomo’s Energy Highway initiative, which is being handled administratively by the New York Power Authority. Comments are being taken on the proposals until July 31, with the Energy Highway task force to then prepare a report for the governor.
While the Rochester-based developers reference a "public private partnership," they forgot to mention how much this venture will cost you, the Finger Lakes taxpayer.
The proposal said about finances: “ENTECCO and its financial partners have done extensive research into a Public Private Partnership (PPP) for CSC. We propose to create a Special Purpose Entity (SPE) to build, own, and operate the facility over a 20 year period. We have also developed mechanisms to share the risk and rewards associated with a project of this type such as specialized and alternative Power Purchase Agreements (PPA).”