SunZia wind transmission project to bring $20.5 B benefit to US economy
USA: Pattern Energy Group LP has announced a statement quoting the US SunZia Transmission and Wind projects will generate $20.5 B in total economic benefit.
Image source: Renewables Now
USA: Pattern Energy Group LP has announced a statement quoting the US SunZia Transmission and Wind projects will generate $20.5 B in total economic benefit.
Through an independent study carried out by Energy, Economic & Environment Consultants LLC, the research firm has found that the two infrastructure projects will have an estimated direct economic impact of about $16.2 B, including capital and operational expenditures, as well as payments to private landowners across New Mexico and Arizona.
In addition, there will be an indirect economic benefit of some $1.9 B associated with the purchases of goods and services resulting from the expenditures, as well as an induced economic benefit of $1.1 B concerning public services. The fiscal impacts are estimated at $1.3 B and include direct payments to public entities.
Pattern is developing the SunZia Wind project, comprising over 3,500 MW of new wind farms in New Mexico’s Torrance, Lincoln and San Miguel Counties.
The company expects to begin construction work on the two projects this year, once all approvals are obtained.
Source: Renewables Now
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