Pinal officials see green in renewable energy companies
Solar panels line the Pinal Central Solar Energy Center near Coolidge./Salt River Project
Pinal County is working to become greener through renewable energy operations that can fuel broader economic development, officials say.
Wednesday the Pinal County Board of Supervisors approved allowing the county’s Industrial Development Authority to issue $60 million in bonds for a methane plant outside of Stanfield. The plant is to capture methane gas from manure and send the gas to Los Angeles; the manure would then be processed and converted into fertilizer at the Stanfield plant.
After the meeting, Pinal County Economic Development Manager Tim Kanavel told PinalCentral that the project doesn’t cost the county any money. Rather, the bonding authority needs to be approved by the supervisors per state statute. It results in a tax break for bond buyers and a lower interest rate for borrowers.
