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Thursday, June 11, 2009

Wind Energy = Wisconsin Investment

SB 185/AB 256 as drafted will signal the growing wind industry that Wisconsin is open for business, making our state more competitive in attracting investment capital. Please support SB 185/AB 256 to help secure Wisconsin’s economic future.

• 1,000 MW of new wind development in Wisconsin would create over 3,000 new jobs and provide $1.1 billion in economic benefit.1
• Wisconsin ranks fourth among states in terms of potential job gain, and fifth nationally for potential investment.2 The 396 MW of wind energy installed in Wisconsin in 2008-09 will contribute nearly $3 million a year to local economies.
• Municipalities and counties hosting wind facilities can receive $2,000 per megawatt of capacity per year under the state utility credit (subject to per capita limits) and an additional $2,000 per megawatt of capacity per year because wind facilities produce renewable energy (not subject to per capita limits).3 A 100 megawatt wind facility would contribute up to $400,000 per year in property tax relief.
• The New North, Inc. is a regional collaboration effort focused on promoting regional cooperation and economic development in an 18-county region in Northeast Wisconsin.

“This [American Wind Energy Association] report illustrates the economic growth opportunities that exist in the wind energy industry for the New North…this emerging industry is developing rapidly and we’re well-positioned as a region to take advantage of it.”4

“We’re excited about the growth potential this industry has, as well as the potential impact it has on job growth and expansion in our region.”5
-Jerry Murphy, Executive Director of New North


References
1 U.S. Department of Energy. “Economic Benefits, Carbon Dioxide Emissions Reductions, and Water Conservation Benefits from 1,000 MW of New Wind Power in Wisconsin” October 2008
2 Renewable Energy Policy Project. “Component Manufacturing: Wisconsin’s Future in the Renewable Energy Industry.” January 2006.
3 WISCONSIN LEGISLATIVE FISCAL BUREAU, SHARED REVENUE PROGRAM (COUNTY AND MUNICIPAL AID AND UTILITY AID) (2007), available at http://www.legis.state.wi.us/lfb/Informationalpapers/18.pdf.
4 http://www.thenewnorth.com/resources/995.pdf
5 http://www.thenewnorth.com/resources/993.pdf

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