Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind...

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Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy

Transcript of Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind...

Page 1: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

Roosevelt Institution University of Wisconsin-Madison

October 19, 2007

John Dunlop American Wind Energy Association

Roosevelt Energy

Page 2: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

Who is AWEA ?• American Wind Energy Association

– Established 1974– www.awea.org

• National Trade Association for Wind Industry– Legislative / Lobbying– Education & Outreach– Member Services

• Currently 1100 business, utility, academic, and non-profit members

Page 3: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

Wind Growing Worldwide

Source: AWEA Global Market Report

1. Germany: 20,622 MW

2. Spain: 11,615 MW

3. U.S.: 11,603 MW

4. India: 6,270 MW

5. Denmark: 3,136 MWAs of December 31, 2006

United States

Europe

Rest of World

0

10000

20000

30000

40000

50000

60000

70000

80000

1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

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Wind Power Taking Off in U.S.

Page 5: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

$0.00

$0.10

$0.20

$0.30

$0.40

1980 1984 1988 1991 1995 2000 2005

Reduced Cost Driving Wind’s Success

4 - 7 cents/kWh

Levelized cost at good wind sites in nominal dollars, including production tax credit

38 cents/kWh

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Page 7: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

State Goal

☼ PA: 18%¹ by 2020

☼ NJ: 22.5% by 2021

CT: 23% by 2020

MA: 4% by 2009 + 1% annual increase

WI: requirement varies by utility; 10% by 2015 goal

IA: 105 MW

MN: 25% by 2025(Xcel: 30% by 2020)

TX: 5,880 MW by 2015

☼ AZ: 15% by 2025

CA: 20% by 2010

☼ *NV: 20% by 2015

ME: 30% by 200010% by 2017 - new RE

State RES

HI: 20% by 2020

RI: 16% by 2020

☼ CO: 20% by 2020 (IOUs)

*10% by 2020 (co-ops & large munis)

☼ DC: 11% by 2022

☼ NY: 24% by 2013

MT: 15% by 2015

IL: 25% by 2025

VT: RE meets load growth by 2012

Solar water heating eligible

*WA: 15% by 2020

☼ MD: 9.5% in 2022

☼ NH: 23.8% in 2025

*VA: 12% by 2022

MO: 11% by 2020

☼ *DE: 20% by 2019

☼ NM: 20% by 2020 (IOUs) 10% by 2020 (co-ops)

☼ NC: 12.5% by 2021 (IOUs)10% by 2018 (co-ops & munis)

ND: 10% by 2015

State RES Requirements

OR: 25% by 2025 (large utilities)5% - 10% by 2025 (smaller utilities)

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Alaska2

California2376

Colorado291

Iowa931

Minnesota895

New Mexico496

North Dakota

178Oregon438

Pennsylvania179

Texas2749

Wyoming288

Washington 818

South Dakota

44

Oklahoma595

Illinois107

Ohio7

Kansas364

Nebraska20

Wisconsin53

Michigan3

Hawaii63

WV66

New York370

VT 6

Tennessee29

Nebraska73

MA4

Montana146

Idaho

75

New Jersey8Utah

1

Rhode Island1

NH 1

> 1,000 MW

100 MW-1,000 MW

< 100 MW

Wind farm currently under construction (not necessarily comprehensive)

ME 42

U.S. Wind Power InstallationsTotal: 12,634 MW as of 06/30/07

Page 9: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

2006 State of the Union Address“…We will invest more in … revolutionary and…wind

technologies”

Advanced Energy Initiative“Areas with good wind resources have the potential to supply up to 20% of the electricity consumption of the United States.”

US Wind 20% Scenario

Page 10: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

What does 20% wind look like?• Would require a total of 305 GW installed by 2030.

• Compared to the 14 GW that will be installed by end of 2007.

Page 11: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

20% Wind RPS Picture

Page 12: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

• Over half trillion dollars investment in wind• Just $43 billion for 20% wind over no-wind scenario• $128 billion in reduced natural gas prices from

reduced demand (11% reduction in demand)• Nearly 180,000 jobs direct (+120,000 indirect) in 2030• Saves 4 trillion gallons of water use (8%)• 825 million tons of CO2 avoided in 2030

Monetary values in present values, discounted at 7% per OMB guidance

National Results: 20% Wind in 2030

Page 13: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

20% Wind Vision Employment

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

200,000

2007

2009

2011

2013

2015

2017

2019

2021

2023

2025

2027

2029

Job

s

Operations

Construction

Manufacturing

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Page 15: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.
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How Does Wind Energy Create Jobs

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20% Wind Vision Economic Impacts by Sector

25.0%

23.3%

32.3%

4.0%

9.6%

0.2%

0.1%

5.6%5.9%

Direct Construction ImpactsIndirect Construction ImpactsInduced Construction Impacts

Indirect Operation ImpactsInduced Operation Impacts

Property Taxes Land Lease

Other Direct Operation Impacts

Construction Impacts

Operations Impacts

Direct Operations

Page 18: Roosevelt Institution University of Wisconsin-Madison October 19, 2007 John Dunlop American Wind Energy Association Roosevelt Energy.

Contact AWEAwww.AWEA.org

202.383.2500

[email protected]

612.377.3270