Tax revenue for Somerset County: The Jacob France Institute at the University of Baltimore, estimates that Great Bay Wind will bring in more than $2.9 million in new tax revenue in the project’s first year of operation alone. Over 30 years, Great Bay Wind is projected to contribute over $44.4 million of new tax revenue to Somerset County. Altogether, the project will represent over $270 million of new investment in the area.
Job creation: Great Bay Wind will create new local jobs in Somerset County during the development and construction of the project. When construction is completed, there will be additional long term job opportunities related to the continuing operation of the wind farm.
Stable power prices: Because wind is a free fuel source, wind power pricing is not subject to volatile markets, which means consumers can count on more stable energy prices over the long term.
No emissions: No emissions means cleaner air for everyone. This includes not just people, but also the birds and animals around the country that are suffering from pollutants and the massive habitat change spurred by conventional energy production methods.
Saving water: It takes huge amounts of water to generate electricity using fossil fuels and nuclear fuels. By contrast, Great Bay Wind, and wind farms across the world, require practically no water to operate. Wind energy means more and cheaper water for homes, farms and businesses.
Minimal impact: Pioneer Green Energy has been working with environmental experts and the state and federal authorities in the region to ensure minimal environmental impact on birds and wildlife, and on wetlands and other critical areas.
Wind Makes Sense for Maryland
Plentiful wind resource: The wind resources that exists on- and off-shore in Maryland could provide 400% of the state’s total electricity needs, according to resource assessments from the National Renewable Energy Lab.1
Maryland’s clean energy commitment: The state of Maryland has already committed to acquiring 20% of its energy generation from renewable sources by 2022. That means Maryland needs 3,721 mega-watts of in-state renewable energy capacity by 2022, and only has 910 megawatts installed at the end of 2011. 2
Wind Energy in America
America is counting on wind: In the last five years, 35% of new U.S. electrical generating capacity came from wind energy facilities. 2
Affordable power: In wind-rich regions of the U.S., electricity generated by wind is significantly cheaper than new coal or nuclear energy. And even in less windy areas, wind-generated electricity is competitively priced. 3
Existing US wind generation: According to the American Wind Energy Association, it would take 210 million barrels of oil, or a 6,000-mile long coal train, to produce as much electricity as the nation’s existing wind turbines will generate this year alone. 3
1 Md. Public Utility Companies Codes §7-701 et seq.
2 Energy Information Administration,www.eia.gov, 2007 – 2010
3 American Wind Energy Association. Washington, DC: AWEA, 2012.