Major solar project gets city funding

May 11, 2012 • Local News

A major area solar project received approval for the issuance of the city’s industrial revenue bonds in the maximum principal amount of $11 million, pending approval of area schools that are affected by property taxes. The Roswell City Council approved the authorizing of the issuance of the IRBs in its regular business meeting Thursday evening.

A solar energy developer, Sunrise Energy Ventures New Mexico, LLC, has asked the city to issue its IRBs to finance all or part of the costs of solar electricity generation facilities and all necessary and useful equipment, which will be constructed and installed in Login to read more

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