Kansas renewable energy agreement promises $40M to Seward County and landowners

Seward County is set to receive a significant financial boost from a new renewable energy project, with an anticipated $40 million in contributions over the project's lifespan. During the recent County Commission meeting, officials discussed a contribution agreement tied to a renewable energy tax exemption from the state of Kansas, which will provide annual payments for the first ten years following the project's completion, expected in 2029.

The agreement outlines a payment structure starting at $6,100 per megawatt, escalating at 3% annually. This financial influx is not only beneficial for the county but also for local landowners, who will receive approximately $30 million in annual payments based on the facilities located on their properties. With around 40 landowners involved across 12,000 acres, the project promises to deliver substantial economic support to the community.

The meeting also included procedural discussions, with the commission approving the agenda and consent items without any objections. As Seward County prepares for this renewable energy initiative, the anticipated contributions signal a positive step towards economic growth and sustainability in the region.