Thursday, December 10, 2009

Eco-nomics: $1.4 Billion GE investment in Wind Power Coming to Oregon

From General Electric themselves:

NEW YORK, NY -December 10, 2009-GE announced today it has received a $1.4 billion contract from independent power producer Caithness Energy to supply wind turbines and provide services for an 845-megawatt (MW) wind farm project to be located in Oregon. The wind farm, called Shepherds Flat, has received the majority of the necessary government permits to operate and is ready to be built. When completed it will be larger than any wind farm currently in operation around the globe.

The biggest wind farm in the world, wow, I hope the bats will be safe!

Now, of course, the question: would this have happened in the absence of tax credits? And for bonus points, if not, how much is the appropriate credit amount? Tricky questions, which is why the whole tax credit game is hard.

And, hey green wonk types, is it the proximity to hydro, which can more easily adjust to the vagaries of wind power supply, that makes Oregon so attractive?

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