The Ohio Air Quality Development Authority (OAQDA) has issued $275 million in air quality revenue bonds to finance the Madison Fields Solar Project in Madison County, Ohio.
“We are excited to partner with local leaders and the Madison Fields Solar Project to develop this solar facility, which brings additional investment to the community,” said OAQDA Executive Director Christina O’Keefe. “In addition to air quality and economic benefits, the project includes an innovative approach known as ‘agrovoltaics’, providing ongoing income opportunities to local farmers.”
The project is scheduled for completion in December 2023 and is expected to operate for at least 30 years. The company is working with the Ohio State University Extension Service to combine agriculture with solar.
Agrivoltaics allows PV solar projects to replace agriculture and farming practices with land cover and mechanical maintenance. By combining solar projects with livestock (sheep, goats or chickens) or growing crops on solar energy sites, energy production can coexist with agriculture and farming practices. This can improve soil health, conserve farmland and increase biodiversity.
The 180 MW solar plant is expected to generate enough power for up to about 35,000 households. The project creates two full-time permanent jobs and 596 full-time temporary positions during the construction phase.
Local revenue generated by this project will go to the local taxing district and Madison County. Pike Township will also receive $3 million over the course of the project.
The company received community support for the project, including from Madison County, the Madison County Soil and Water Conservation District, Pike Township and the Fairbanks Local School District Board of Commissioners.
News from the Ohio Air Quality Development Authority