Tim Henderson writes in Fast Company about the economic benefits of wind farms in rural America.
- In the 10 counties with the largest GDP increases since 2019, seven had recent wind farm construction.
- A new study from the Conservative Texans for Energy Innovation found that the current fleet of utility-scale solar, wind, and battery projects in rural Texas will contribute $7.2-$8.8 billion to local tax revenues over the projects’ lifetimes.
- Renewable power plays a pivotal role in bolstering energy security and economic progress.
- Lawmakers should continue to unlock pathways for all energy sources, including renewables.
“Benefits to local areas from wind and solar power could generate $60 billion in annual revenue by 2030, according to a 2021 report by the Colorado-based Rocky Mountain Institute. Much of that money will flow to rural areas, rivaling the economic impact of the beef, corn, and soy industries. That $60 billion figure includes $2.7 billion in annual tax revenue, $2.2 billion in annual payments to landowners and $6 billion in annual wages for construction and maintenance jobs.”
Read the full article here.