We are proud to announce that our client, National Solar Power Partners, LLC has entered into a development agreement with Hardee County, Florida to construct a $700 million utility-scale solar farm complex in that county, creating over 50 new jobs for engineers, maintenance works, groundskeepers and security crews, among others. The complex will, when fully constructed, consist of ten 20-megawatt solar farms, each generating enough electricity to supply 2,000 homes. Under the development agreement, Hardee County has granted a property tax abatement over the first ten years of operation of each solar farm. This abatement will not affect taxes due to the Hardee County School District.

Construction is expected to begin in the second quarter of 2012, and take six months for each 20-megawatt solar farm. The company will utilize about 140 acres per solar farm. The project site is known as the Holly Hill Grove property, just east of Jersey Lane and a dairy farm bordering on State Road 64 West. We celebrate our client, National Solar Power Partners LLC.