TERRE HAUTE, Ind. (AP) – Western Indiana officials have given initial approval to tax breaks a California company is seeking for a solar farm that would generate enough power to light more than 1,000 homes.
The Vigo County Council gave preliminary approval Tuesday for the 10-year abatement sought by Cypress Creek Renewables. A public hearing will be held before a final council vote June 9.
The Tribune-Star reports (http://bit.ly/1PHbKyh ) the company's $8 million solar farm would be built along U.S. 150 near the town of New Goshen and generate 5 megawatts of power. The company has entered into a 20-year purchase agreement with Duke Energy.
Cypress Creek attorney Mary Solidary says that over the 10-year tax abatement period, Vigo County would receive more than $189,000 in tax revenue.