Solar power deal is recipe for disaster
Within my 50-year career in business, I have never observed a recipe for disaster as great as the one which is brewing in Spotsylvania right now. The fate of the county is in the process of being tied to the performance of an outside entity—sPower—with no safety net in place.
If sPower goes down within its 40-year contract, Spotsylvania goes down with it.
It would be up to the county to raise countless millions to decommission, encapsulate and find a suitable junkyard for 1.8 million panels of cadmium, metal and glass. This is because it appears that neither a surety bond nor adequate collateral will be required of sPower.
This is reckless and unacceptable.
As a limited liability corporation, sPower can walk away at any time, write off the loss, and leave the county with the cleanup bill. The result would be catastrophic.
As it stands, this possibility is a negative incentive for county growth. What business or home-seeker would want to settle here with that looming powder keg?
Who will want to remain here, for that matter? Approval by the Spotsylvania Board of Supervisors would kick this and other valid problems into the realm of future boards—but by that time, it will be too late to do anything viable.
Spotsylvanians: Urge your supervisors to send sPower packing and vote “No, never!” before it’s too late.