AES Seeks $12.5 Million in IDA Incentives for 125 MW Somerset Solar Project
AES is seeking $12.5 million in incentives from the Niagara County Industrial Development Agency for its 125 MW Somerset Solar project, which has an estimated cost of $276.6 million. The incentives include $3.5 million in property tax exemptions and $8.6 million in sales tax exemptions.
The project is expected to generate $14.6 million in tax revenue and create 98 construction jobs. Construction is targeted to begin by the end of 2026, with completion anticipated in two years. The facility will connect to the 345 kV Kintigh Substation and is projected to reduce carbon emissions by 177,068 tons annually, providing power for over 25,000 homes. AES has secured a contract with NYSERDA to sell the generated power.
