A project to put a massive biomass facility at a Procter & Gamble facility in Georgia is moving forward. This article from the Albany (GA) Herald says the $230 million biomass facility has received the go-ahead from local officials and some tax incentives that will ensure the project comes to fruition.
The resolution gives the principles of the agreement, who will be united in the project as Albany Green Energy LLC, two years in which they will not be required to pay local taxes. After that, over the next 21 years, Albany Green Energy will pay $375,000 annually in taxes.[P&G Global Business Development Manager Bob] Bourbon, who develops business partnerships for P&G Corporate, called the agreement on the biomass project “a partnership on steroids.” He noted that each of seven partners — Georgia Power, the Georgia Public Service Commission, Sterling Energy Assets, Procter & Gamble Corporate, Constellation New Energy, the federal government and the Payroll Development Authority — is vital to the project reaching the end zone.
“Take any one of these partners out of the equation, and it wouldn’t work,” Bourbon said. “Using my football analogy, yes, we’re at first-and-goal, but everyone who gets that close to the goal line doesn’t score. Everyone involved in this project is doing everything possible to make it work. If it doesn’t, there will be a very good reason.”
The 20-year partnership deal is seen as giving the local community a very steady economic anchor, while bringing more clean energy to the region.
The plant is expected to go online in the summer of 2017.