paid more than $12 million statewide in Wind Energy Production Taxes in 2016
AUSTIN, MINN., (June 23, 2017) - Today,
representatives from the wind industry and Xcel Energy presented a ceremonial
check to Tim Gabrielson, Chairman of the Mower County Board of Commissioners,
representing $2,373,932 in wind energy production tax revenue for 2016. This
check represents the largest wind energy production tax payment made to any
one county in the state, and is a 26.5% increase over last year's payment.
MN Dept. of Revenue, Property Tax Division. April 2017
Statewide, revenue from the wind energy
production tax exceeds $12 million. More than one-quarter of the
counties in the state benefit from this source of revenue.
"Minnesota is truly a leader in renewable
energy in the Midwest and Mower County is reaping the benefits of that
leadership. The county has received over $14.8 million in wind
energy production tax payments since 2007," said Senator Dan
Sparks. "That revenue helps our entire community because it
helps keep the lid on property taxes, helps pay for road improvements, and
supports community projects. We need to continue supporting wind energy
development in Minnesota."
Mower County welcomes wind. "More wind
energy is produced in our county than anywhere else in the state, and that
has been a good thing for Mower County," said Commission Board
Chairman Tim Gabrielson. "Not only does this economic
development benefit local landowners and businesses who have partnered in the
wind projects, our entire community benefits from the production tax revenue
received by our County. This last year, the county board committed $400,000
of the county portion of revenue from the wind energy production tax toward
improving roads and bridges. We've used the remainder as a tax relief for
citizens. Having this new revenue source from wind power reduces the amount
of tax dollars that would be needed to be raised from taxpayers to pay for
our county operations."
Currently, Minnesota ranks in the Top 10 in
the nation for installed wind capacity, and percent of total state electric
generation from wind. Representative Jeanne Poppe added,
"Wind energy is an important industry in Minnesota that will create many
new jobs producing low-cost, clean energy right here at home. By 2020,
Minnesota wind-related jobs could reach over 8,000."
"The wind industry supports over 100,000
workers across the U.S. and in all states, including thousands here in
Minnesota. Wind is home to the fastest growing job in the country and each
turbine creates more than 30 jobs throughout the course of its life.
It's really rewarding to be part of this thriving energy economy and part of
an industry growing nine times faster than the overall U.S. economy,"
said David Easler, Vestas Senior Operations Manager, Upper Midwest.
The wind industry has invested $6.8 billion
into Minnesota's economy. With 3,499 megawatts of installed wind capacity,
wind power now provides 17.7% of Minnesota's electricity. Another 906
megawatts of wind are under construction, or in advanced stages of
development in Minnesota.
"Wind energy is a true success story for
Minnesota, providing investment, revenue, and jobs across the state"
said Chris Kunkle, regional policy manager for Wind on the Wires.
"The cost of wind energy has declined 66 percent over the past seven
years, and utilities like Xcel Energy are passing those savings along to
customers. This year, for the first time, the revenue from the Wind Energy
Production Tax exceeds $12 million. Cumulatively, over the past 10 years, the
wind industry has paid more than $78 million in production taxes. More than
one-quarter of the counties in the state benefit from this revenue source,
predominantly in Greater Minnesota where the jobs and economic development
are needed most."
on the Wires is a 501(c)(3) nonprofit organization based in St. Paul, Minn.,
that works to advance renewable energy in the Midwest. Its members are
comprised of wind and solar developers, environmental organizations, tribal
representatives, public interest groups, clean energy advocates, farm groups
and businesses providing goods and services to the wind and solar industries.