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World’s largest fuel cell park heads toward regulatory decision
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February 8, 2016

Beacon Falls approves fuel cell tax deal

CT developers pitch world's largest fuel cell park Contributed Rendering CONTRIBUTED RENDERING A rendering of the proposed 63.3-megawatt fuel cell system in Beacon Falls.

Soon to be home to the world’s largest fuel cell park, Beacon Falls town officials voted last week to approve a tax stabilization deal with the park’s developer.

Beacon Falls Energy Park LLC, a subsidiary of Torrington’s O&G Industries, said the deal provides it with certainty on the amount of taxes it will pay to the town, allowing it to submit a more competitive bid for a multi-state renewable energy request-for-proposals. The RFP includes Connecticut, Rhode Island and Massachusetts. The deal will also help facilitate financing, the developer said.

The 23-year deal will mean nearly $50 million in taxes for the town of Beacon Falls. That makes the 63.3-megawatt park the town’s largest taxpayer.

Construction is slated to begin this year and conclude in 2019.


by: HartfordBusiness.com