Lend Lease announces two solar projects in fort Bend County. LendLease, based in Australia, is an international, fully integrated property and infrastructure group.
The first of two mega-sized solar panel generation facilities LendLease developed in Fort Bend County, Fort Bend Solar, sits on a 1,800 acre Reinvestment Zone on Tavener Road and US Highway 90 in West Fort Bend County.
The solar panel farm is a $250 million capital investment, with power output of approximately 200 MW, enough to power 40,000 homes. Solar energy is cheaper, clean energy source that supports the county’s commercial and residential communities alike.
The second Lend Lease Project, Cutlas Solar, is in south central Fort Bend near FM 361 and Fm 1994. This project sits in a Reinvestment Zone of almost 3,700 acres. This is a massive project, one of the largest in the nation.
The project is expected to total more than $307 million in capital investment, adding significant value to the county tax rolls. The power generated from Cutlas Solar is expected to reach almost 360 MW.
Both projects are located on land that was designated Agriculture Exempt, bringing the tax value up to market value.
Both projects are in unincorporated Fort Bend County. The county incentivized these projects. For Cutlas Solar, the area school district agreed to a value limitation incentive as well.