Disclosure: Rose Law Group represents Saint Holdings
Scottsdale landowner has also sold huge chunks of property in the area to auto manufacturers
By Hayley Ringle | Rose Law Group Reporter
A Florida energy company paid close to $15 million for over 1,000 acres in Pinal County for a new solar power project.
The 100-megawatt project will be the largest solar farm in Pinal County and one of the largest in the state, said Coolidge City Manager Rick Miller.
“This is a desirable location for solar,” Miller said. “We are also working with two other companies looking to do large-scale solar projects in the area.”
Scottsdale-based Saint Holdings sold 1,027 acres to a company called Saint Solar, an entity controlled by Florida Power & Light Co., the principal subsidiary of NextEra Energy Inc., according to real estate database Vizzda. The land sold May 15 for $14.8 million, according to Vizzda.