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Energy Transition Lab

Wind and solar energy projects could bring 5,000 new jobs to rural Minnesota: Energy Transition Lab report measures the impact of federal and state policies to expand renewable energy

November 15, 2016Megan ButlerFeatured1
renewable-work

Source: Centre for Alternative Technology. (CC BY 2.0)

Minnesota has undergone a remarkable transformation in its energy landscape over the past decade. Coal, once the dominant fuel source for Minnesota’s electric utilities, has given way to new types of energy resources — wind and solar among them. While Minnesota’s state energy policies have been a large driver in the shift from fossil fuels to renewables, the federal Production Tax Credit and Investment Tax Credit have played a major role in shaping the state’s clean energy economy while keeping rates affordable for utility customers, according to a new report from the Energy Transition Lab.

The report “analyzes real proposed projects, not theoretical ones,” says Ellen Anderson, ETL’s executive director. “Extension of federal policies for wind and solar development are helping Minnesota residents, businesses and schools save on their energy bills and procure locally-produced wind and solar energy,” says Anderson.

Among the report’s highlights:

  • The clean energy economy is continuing to expand in Minnesota, providing low-cost energy, creating jobs and economic impact.
  • Federal and state policies, especially extension of the Investment Tax Credit and Production Tax Credit, are helping Minnesota see significant new renewable energy projects, jobs, ratepayer savings and economic benefits.
  • Modeling shows that planned additions of wind and solar projects in the state will result in approximately $7.09 billion in direct investment, over 5,000 jobs related to construction alone and 3,987 megawatts of newly installed energy capacity.
  • Distributed generation of solar energy has almost doubled in the past two years, with businesses citing the ITC as a major driver in their success.

“These projects will not only expand renewable energy in Minnesota, they will create more than 5,000 jobs and over $7 billion in direct economic impact in 18 mostly rural Minnesota counties,” says Anderson.

Read the Report

One Comment

  1. CarolynNovember 25, 2016 at 11:44 am

    It is a tremendous plan which will expand the Economic Development and also will help in expanding the use of Renewable Resource thereby helping in the reduction of our dependence on the fuels providing with the clean and healthy environment.

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Administration
The Energy Transition Lab is a strategic initiative of the University of Minnesota's Institute on the Environment in partnership with the Law School.
Funding
Funding for the Energy Transition Lab is primarily provided by the Institute on the Environment. Other funders include McKnight Foundation, Energy Foundation, Carolyn Foundation, US Department of Energy, Wind Energy Foundation and the University of California Berkeley Energy and Climate Institute. Support for energy storage work is provided by the Minneapolis Foundation, Great River Energy, Mortenson Construction, AES Corporation, Next Era Energy Resources, and General Electric. Funders have no role in study design, data collection and analysis, decision to publish, or preparation of any manuscript.