Nav: Home

Wind and solar energy projects could bring 5,000 new jobs to rural Minnesota

November 14, 2016

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 University of Minnesota Energy Transition Lab. ETL is a strategic initiative of Institute on the Environment, supported by the Law School and the Office of the Vice President for Research.

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.
-end-
The University of Minnesota Institute on the Environment is leading the way toward a future in which people and the environment prosper together. For more information, visit environment.umn.edu.

University of Minnesota

Related Solar Energy Articles:

Physicists develop approach to increase performance of solar energy
Experimental condensed matter physicists in the Department of Physics at the University of Oklahoma have developed an approach to circumvent a major loss process that currently limits the efficiency of commercial solar cells.
Lasers etch a 'perfect' solar energy absorber
In Light: Science and Applications, University of Rochester researchers demonstrate how laser etching of metallic surfaces creates the ''perfect solar energy absorber.'' This not only enhances energy absorption from sunlight, but also reduces heat dissipation at other wavelengths.
Mapping the energy transport mechanism of chalcogenide perovskite for solar energy use
Researchers from Lehigh University have, for the first time, revealed first-hand knowledge about the fundamental energy carrier properties of chalcogenide perovskite CaZrSe3, important for potential solar energy use.
New hybrid device can both capture and store solar energy
Researchers have reported a new device that can both efficiently capture solar energy and store it until it is needed, offering promise for applications ranging from power generation to distillation and desalination.
Materials that can revolutionize how light is harnessed for solar energy
Columbia scientists designed organic molecules capable of generating two excitons per photon of light, a process called singlet fission.
Solar energy becomes biofuel without solar cells
Soon we will be able to replace fossil fuels with a carbon-neutral product created from solar energy, carbon dioxide and water.
20 overlooked benefits of distributed solar energy
A study released today provides the most complete list yet of the advantages of solar energy -- from carbon sequestration to improvements for pollinator habitat.
Window film could even out the indoor temperature using solar energy
A window film with a specially designed molecule could be capable of taking the edge off the worst midday heat and instead distributing it evenly from morning to evening.
Danish researchers create worldwide solar energy model
For any future sustainable energy system, it is crucial to know the performance of photovoltaic (solar cell) systems at local, regional and global levels.
Novel thermoelectric nanoantenna design for use in solar energy harvesting
In an article published in the SPIE Journal of Nanophotonics (JNP), researchers from a collaboration of three labs in Mexico demonstrate an innovative nanodevice for harvesting solar energy.
More Solar Energy News and Solar Energy Current Events

Trending Science News

Current Coronavirus (COVID-19) News

Top Science Podcasts

We have hand picked the top science podcasts of 2020.
Now Playing: TED Radio Hour

Listen Again: Reinvention
Change is hard, but it's also an opportunity to discover and reimagine what you thought you knew. From our economy, to music, to even ourselves–this hour TED speakers explore the power of reinvention. Guests include OK Go lead singer Damian Kulash Jr., former college gymnastics coach Valorie Kondos Field, Stockton Mayor Michael Tubbs, and entrepreneur Nick Hanauer.
Now Playing: Science for the People

#562 Superbug to Bedside
By now we're all good and scared about antibiotic resistance, one of the many things coming to get us all. But there's good news, sort of. News antibiotics are coming out! How do they get tested? What does that kind of a trial look like and how does it happen? Host Bethany Brookeshire talks with Matt McCarthy, author of "Superbugs: The Race to Stop an Epidemic", about the ins and outs of testing a new antibiotic in the hospital.
Now Playing: Radiolab

Dispatch 6: Strange Times
Covid has disrupted the most basic routines of our days and nights. But in the middle of a conversation about how to fight the virus, we find a place impervious to the stalled plans and frenetic demands of the outside world. It's a very different kind of front line, where urgent work means moving slow, and time is marked out in tiny pre-planned steps. Then, on a walk through the woods, we consider how the tempo of our lives affects our minds and discover how the beats of biology shape our bodies. This episode was produced with help from Molly Webster and Tracie Hunte. Support Radiolab today at Radiolab.org/donate.