Solar

SBD Plans Solar Farm on Property in Florida

SBD International Inc., a solar power systems integrator, has announced that it will seek at least a partial rezoning of the property in which it has a joint venture interest in Chiefland, Florida to allow construction of a small solar farm with a capacity of up to 20 megawatts (MW).

Terms of the agreement for SBD to develop the property were executed last year and indicate that the property owner, Owen Baynard will contribute the property to a joint venture and SBD LLC will manage the design, construction and marketing for the project.

“The 49 acre property has been approved for subdivision into approximately 247 lots. However, given the current housing market we think a better use of the land may be to place a small solar farm on the property,” said C. Michael Nurse, CEO of SBD. “Given the state initiative to encourage solar power and Florida light and Power’s commitment to purchase power from independent power producers, we believe that if we can secure a change in zoning to allow even a portion of the land to be used as a solar farm, the immediate revenue stream even at 7 cents a watt would be tremendous for our income.”