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How wind farms are supercharging the economies of rural America

Tim Henderson writes in Fast Company about the economic benefits of wind farms in rural America.

The C3 Take
  • 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.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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