Property shall qualify for exemption under ORS § 285C.362 if the property meets all of the following requirements:

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(1) The property constitutes all or a part of a facility used to generate renewable energy or is used to support or maintain a renewable energy facility;

(2) The property is newly constructed or installed in the rural renewable energy development zone; and

(3) The property meets all other requirements for qualification under ORS § 285C.180. [2003 c.662 § 72]