Dakota Renewable Energy has received permission to develop a 50-MW solar project in Millville, New Jersey. The project, called Nabb Solar I, should be operational in the fall of 2022.
Over the 30-year expected life of the project, Nabb Solar I is estimated to generate a total of approximately $7.8 million in taxes. Dakota will pay estimated annual real estate taxes of approximately $102,295 to the city of Millville, $67,547 to Millville Public Schools, and $98,166 to Cumberland County, for a total of $268,008 in local taxes per year. That’s nearly 12-times the $22,443 currently generated by the combined 375 acres, since the land is taxed under the NJ Farmland Assessment program.
Nabb Solar I is one of a half-dozen similar projects being proposed in New Jersey by Dakota Power Partners, which has offices in Millville and Denver, Colorado. In total, Dakota is proposing a $1 billion utility-scale solar investment in New Jersey. Utilizing a portfolio of low-cost, utility-scale solar and solar + battery storage projects across the Garden State, the company intends to achieve generating capacity totaling more than 1,000 MW – enough energy to power 175,000 households, which equals the total number of households in Cumberland, Salem and Gloucester counties combined.
“We are witnessing the turning of the tide in the battle against the climate crisis,” said Joe Derella, Director of the Cumberland County Board of Commissioners. “With a massive $70 million investment in our region, the Nabb Solar project is creating hundreds of well-paying construction jobs and injecting our economy with a projected $7.8 million in much-needed long-term tax revenue, enabling Cumberland County and the City of Millville to provide the services that improve the quality of life for every citizen.”
News item from Dakota