By John L. Braese
VALE – A national solar company missed a local tax deadline that could cost it $1 million.
Cyprus Creek Renewables owns and manages six solar farms in Malheur County. The farms generate power sold to Idaho Power. The company bought the assets of from the Coronal Group in late 2015.
Cyprus Creek, a national company with offices in North Carolina, California and Arizona and assets of $2 billion, states it is the largest and fastest-growing dedicated provider of local solar farms and currently supplies over 5 gigawatts of local solar farms deployed or in development.
The company is eligible to have property taxes on its Malheur County projects forgiven for five years if its win designation for the property as part of a rural renewable energy development zone. The Malheur County Court approves such requests.
Coronal Group had not sought the designation and Cyprus . . .