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A total of 1,000 large wind turbines in Saskatchewan would generate 20 percent of our province's electricity. Over an operational life of 25 years, and with 500 of those turbines being community owned, the following financial and economic benefits would be achieved


 

FINANCIAL AND ECONOMIC


DURING CONSTRUCTION

INVESTMENT: $4-billion

 

Of which: $1.7-billion will be spent with local and/or Saskatchewan companies on such things as wind tower manufacturing, haulage, construction, civil engineering/foundations, consulting and legal services.

EMPLOYMENT:  19,000 PYEs 

 

(Person Year of Employment): the equivalent of 19,000 people having a job for a full year. Almost all of this employment will be in such activities as foundation construction, haulage, wind turbine tower manufacturing, planning, consultancy, legal and grid connections. 

DURING OPERATIONS (25 years)

EMPLOYMENT: 6,500 PYEs 

 

The bulk of employment during operations will be in wind farm maintenance. This involves regular and unforeseen, maintenance on the turbines themselves as well general site upkeep + related management and administration.

PAYMENTS TO SASKATCHEWAN INVESTORS: $4.2-billion

 

A large proportion of total project cash flows (typically 60 percent) are paid to providers of project capital (debt and equity). By ensuring that half of all turbines are community-owned, it will be possible to retain $4.2-billion in Saskatchewan.

PAYMENTS TO SASKPOWER: $2.2-billion

 

SaskPower levies a one-off connection fee as well as various ongoing connection charges, to any generator connected to Saskatchewan's electricity network. The total amount paid out will be $2.2-billion.

OPERATIONS & MAINTENANCE (0&M): $1.5-billion

 

These funds will be spent on labour, parts and equipment during the operational life. As noted above, this will involve maintenance on the turbines themselves as well general site upkeep + related management and administration.

TAXES: $900-million

 

This figure is an estimate since local and provincial taxes will vary depending on site specific data. 

LEASE PAYMENTS TO LANDOWNERS: $350-million

 

These funds will be paid to landowners who are hosting wind turbines on their land. The actual amount depends on site specific negotiations.

CARBON CHARGING: $1-billion (avoided!)

 

It is looking ever more likely that carbon charging will be introduced and it seems reasonable to expect a price of $10 per tonne of emitted carbon. In this situation $1-billion will be saved in avoided carbon charges (see below for details on avoided carbon).

 

..and there's more! Check out the Health and Environmental benefits too..