Commissioners to vote on wind farm agreement
Credit: By CARL E. FEATHER, Star Beacon, starbeacon.com 24 May 2011 ~~
Translate: FROM English | TO English
Translate: FROM English | TO English
JEFFERSON – An agreeement that will give the county a cut of the submerged land lease rent for a demonstration wind farm in Cuyahoga County comes up for a vote in Ashtabula County today.
Commissioners have the option of participating in a revenue-sharing agreement that will give the county an annual payment of $5,500 for the next five years. The agreement is with the Lake Erie Economic Development Corp., LEEDCo, which was created to spearhead the development of the offshore wind energy industry in Lake Erie and Northeast Ohio.
LEEDCo is building an initial wind project in Lake Erie about seven miles offshore downtown Clevleand. One of the steps in bringing the project to fruition is obtaining the submerged land leases from the Ohio Department of Natural Resources, which has jurisdiction over the natural resources and installations in Lake Erie.
Typically, the lease fee for an SSL is split 50/50 between the state and the shoreline community where the leased land is located. However, when the leased land is more than two miles from shore, the county participates in the revenue sharing.
In the case of the LEEDCo agreement, the organization is offering a share of the local portion of the lease payments to the participating entities: the Cleveland-Cuyahoga County Port Authority, which will get 40 percent; and Lorain, Lake and Ashtabula counites, each to get 20 percent.
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Funding |
 |
 |
Share:
[ Short URL: https://wind-watch.org/news/?p=49093 ]
