OPPORTUNITY
10.38¢/kWh
The average residential electricity rate in Coos Bay is 10.38¢/kWh. This average (residential) electricity rate in Coos Bay is 5.92% greater than the Oregon average rate of 9.8¢/kWh.
By 2030, Statoil says, it hopes to bring the cost of floating offshore wind down to $50-74 per MWh.
7.4¢/kWh
A Major Transformation is taking place Globally.
Floating offshore wind has been deployed in UK and Germany creating 50,000 new jobs for local economies.
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Industrial Scale Floating Offshore Wind Farms
are coming to the west coasts of Oregon and California.
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All of Oregon's coastal ports can benefit from opportunities to stage turbines and components, accommodate the assembly and the fabrication of parts, and maintaining these structures. These operations will allow coastal Oregonians to reap the benefits of this new industry, diversifying the economy and providing thousands of sustainable family-wage jobs.
There is a window of opportunity
to leverage the ports of coastal Oregon.
With a focused effort Oregon can become a major hub on the Pacific coast for this promising new industry.
OCEAN
Winds
There are 47,000 megawatts of wind energy capacity installed in the U.S. The authors of a new study say that for each megawatt of wind capacity, a county gains half a job and just over $11,000 in total personal income.
November 2012
https://www.sciencedirect.com/science/article/pii/S0140988312001466
Economic Impacts from Wind Energy in Colorado Case Study: Rush Creek Wind Farm
Researchers engaged with communities near the Rush Creek Wind Farm to collect empirical economic data.
Researchers interviewed 39 local community members including business owners, managers, employees, county commissioners, and economic development office representatives. Interviews provided insight into on the ground effects on the local people and the economy.
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Approximately 67% of responding businesses experienced increases in revenue from the previous year, with 11% seeing significant additional revenue. Of these businesses, 58% selected Rush Creek as one of the factors contributing to revenue growth.
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Around 28% of respondents hired new people in the past year. Of these businesses, 80% attributed Rush Creek construction as one of the factors contributing to the need for new hiring.
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Approximately 56% of employees worked more hours than last year. Of these businesses, 60% attributed increased hours worked to Rush Creek construction.
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September 2019
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