PDA Agrees to Energy Plant Sub-Lease on Procter & Gamble Campus
Tuesday, June 17th, 2014
The Albany-Dougherty Payroll Development Authority agreed Monday morning to a resolution giving consent to a sub-lease on Procter & Gamble-Albany campus property that would allow Albany Green Energy to build a renewable energy facility on the property.
The resolution was needed, PDA Chairman Jeff Sinyard said, because the authority had in 2009 taken ownership of the P&G property as a method of providing tax abatement to the home products maker. As owner of the property, the PDA must agree to a sub-lease that would allow Albany Green Energy, which is a projected spin-off of a north Georgia company, to build a facility north of the P&G campus that would provide steam and energy to the Albany plant. The energy would help P&G in its efforts to become more “green.”
Tim Swanson of Albany Green Energy told the Payroll Development Authority his company would use “residual forest products” to create steam and energy that would be used solely by the Procter & Gamble plant.
