Huge acreage assembled for renewable projects in Pinal County; Court Rich, director of Rose Law Group’s energy & utility infrastructure department, comments in PBJ on the state of energy in Arizona

By Angela Gonzales | Phoenix Business Journal

A Scottsdale-based land investor has assembled more than 4,000 acres of land for renewable energy projects in Pinal County.

Genus LP sold 2,004 acres in Eloy to EDF Renewables Development Inc. for $22.6 million cash, closing on Dec. 5, then paid $9.5 million to Linmark LLC for another 2,115.22 acres in Eloy, closing on Dec. 18, according to Tempe-based Vizzda LLC real estate database.

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The impact already is starting to be felt across the industry, said Court Rich, head of the energy and utility infrastructure department at Rose Law Group — who represents energy developers throughout Arizona.

“We need so much energy in Arizona, these projects are going to happen with or without the tax credits,” Rich said. “It’s going to end up driving up costs for rate payers in Arizona. But we still need so much power, we can’t develop energy projects fast enough in our state.”