Gov. Beshear Gives Final Approval for Purchase of Land in 4 Star Industrial Park

- 06/16/2020

Gov. Beshear Gives Final Approval for Purchase of Land in 4 Star Industrial Park
 
Henderson Solar will use the land as part of a new solar facility

FRANKFORT, Ky. (June 16, 2020) – In collaboration with the Department for Local Government (DLG), Gov. Andy Beshear today announced final approval on the sale of 418 acres of land to Henderson Solar in the 4 Star Industrial Park. The land will be used to make Henderson Solar’s 1,700-acre solar facility viable.

“Today is a first step toward building a more modern and resilient economy,” said Gov. Beshear. “Thanks to Henderson Solar, we will see a more diverse energy profile, new tax revenue and good jobs in Henderson and the surrounding area.”

DLG Commissioner Dennis Keene explained the approval of the purchase agreement opens the door to more investment in the area.

“This project will not only generate new dollars for the local community, but it adds a new industry in the industrial park, which will generate benefits and growth for years to come,” Commissioner Keene said.

Construction of the solar facility is set to begin in 2022, with energy production slated for the end of 2023. The project is expected to create five full-time jobs, more than 100 construction jobs and will generate millions of dollars in tax revenue over the next two decades.

“This is a momentous day in the history of 4 Star, and it is truly a win-win deal,” said Henderson County Judge Executive Brad Schneider. “The company gained the acreage it needed to generate the power required to make its solar farm viable. The 4 Star board now has the financial resources to make significant improvements to the park.”

Doug Bell, chairman of the 4 Star Board of Directors, added that the project is a great opportunity for the Industrial Park.

“This is an exciting day for not only 4 Star Park, but for our region in general,” said Bell. “We are excited to have this company as a part of our park. With this partnership, our board will now have the financial capacity to further enhance the park. These enhancements, such as a shell or spec building, will give us a competitive advantage when attracting new industry to our area.”

In addition to creating jobs, the solar farm will allow Big Rivers Electric Corp. to purchase solar energy from the plant, offsetting carbon emissions equivalent to taking approximately 55,000 cars off the road.

More Information
Read about other key updates, actions and information from Gov. Beshear and his administration at governor.ky.gov and the state’s response to COVID-19 at kycovid19.ky.gov.

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