JOINT BASE SAN ANTONIO-LACKLAND, Texas – The Air Force has signed an agreement to lease with New Generation Power to lease real property at Robins AFB, GA, for a renewable energy-focused Enhanced Use Lease, or EUL.
The agreement is a major step in securing land for a photovoltaic facility that would be owned and operated by New Generation Power. In turn, New Generation Power has signed a power purchase agreement with Georgia Power for the energy produced by the ten megawatt facility.
Under the proposed agreement, Robins AFB can expect to receive cash consideration to fund reinvestment in renewable facility energy or energy conservation measures from lease payments throughout the duration of the 20 year lease.
Managed by the Air Force Civil Engineer Center (AFCEC) Installations Directorate’s Strategic Asset Utilization Division, EULs are long-term agreements between the Air Force and public or private developers to lease non-excess Air Force property in exchange for cash or in-kind consideration. EUL projects cover a broad range, from renewable energy development to commercial use of real estate.
The AFCEC Installations Directorate acquires, manages and disposes of Air Force-controlled real property worldwide. To date, AFCEC has closed eight EUL projects with considerations worth more than $250 million.