Cayce City Council approves execution of MOU for solar energy project
Cayce City Council unanimously voted to approve the execution of a Memorandum of Understanding (MOU) which will allow for collaboration between regional utilities on a 15-acre municipal solar energy project during its regular meeting on June 18. The vote came following a presentation on the project by the Central Midlands Council of Governments (CMCOG).
According to information included in the June 18th meeting packet, revenues would be generated for approximately 30 years from the project which is leveraging grant funds to improve the project economics.
In addition, the City of Cayce would not be required to make any financial commitment and would be entitled to withdraw at any time during the MOU stage.
The project could serve as a renewable energy source for the Metro Wastewater Treatment Plant in Columbia, which handles wastewater from approximately 63,000 connections within the city limits of Columbia as well as portions of Richland and Lexington Counties.
The project has already secured $8.7 million in grant funding and received approval from the City of Columbia and Richland County, as well as other regional partners.