NewEnergyNews: TODAY’S STUDY: The Big Benefits In Wind

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  • TODAY’S STUDY: The Private Sector Gets Into The New Energy Biz
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  • TODAY AT NewEnergyNews, September 19:

  • TODAY’S STUDY: The Truth About The Transmission New Energy Needs
  • QUICK NEWS, September 19: All About Climate Change In 17 Short Answers; New Energy Ready To Step Up; How Old Energy Attacks Solar

    Tuesday, May 16, 2017

    TODAY’S STUDY: The Big Benefits In Wind

    Economic Development Impacts Of Wind Projects; Jobs And Economic Impacts Resulting From U.S. Wind Projects 2017-2020

    March 2017 (Navigant)

    Executive Summary

    The U.S. wind market will be in the 8-10 GW/year range through 2020.

    Total U.S. wind employment will reach 248,000 jobs in 2020. Total new wind economic impact will peak at $24 billion in the same year.

    The U.S. wind market will continue to grow through 2020, largely due to the extension of the Production Tax Credit…

    Conclusions

    Wind MW Forecast

    »There will be 35 GW of new wind installations in 2017-2020.

    »Annual U.S. wind installations will reach 10 GW in 2020.

    Wind Employment and Economic Impact

    »In 2017-2020, there will be 865,000 wind-related job-years of total employment.

     Manufacturing: 116,000 job-years of direct and indirect employment; 215,000 job-years of total employment.

     Construction and O&M: 396,000 job-years of direct and indirect employment; 650,000 job-years of total employment.

    »In 2017-2020, there will be $85 billion in total U.S. wind-related economic impact.

     Manufacturing accounts for $40 billion

     Construction and O&M account for $37 billion

     Sales, Income and Property taxes account for $8 billion.

    »TX, CO, & IA will experience highest employment. TX, IA, & CO will receive the most economic impact

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