According to a recently released report titled The Economic Impacts of the Wind Energy Sector in Ontario 2011-2018, wind energy developments in Ontario will create more than 80,000 person years of employment and attract more than $16 billion in private sector investments in the next eight years. This comprehensive study was undertaken to get an overall understanding on the economic impacts of the wind energy industry in the province. The report by ClearSky Advisors, was commissioned by the Canadian Wind Energy Association (CanWEA) to quantify the projected jobs and economic benefits associated with the rapidly growing wind energy industry in Ontario.
The ClearSky report quantifies the projected economic benefits associated with a growth in Ontario’s installed wind energy capacity from 1,428 MW at the end of 2010 to over 7,100 MW by 2018. This scenario is consistent with the targets set out in the Ontario government’s Long Term Energy Plan (LTEP) for energy supply for the period 2011 to 2018. In fact, 2,125 MW of wind energy projects have already been signed and are to be constructed in this period. In addition to investment and employment figures, the report quantifies the projected benefits for landowners and municipal governments throughout Ontario.
Key highlights of the report include:
- More than $16 billion in private sector investments will flow into Ontario, with approximately $8.5 billion invested locally.
- Wind energy developments will contribute more than $1.1 billion in revenues to local municipalities and landowners in the form of taxes and lease payments over the 20-year lifespan of the projects.
- The wind energy sector will create 80,328 person Years of Employment from 2011 to 2018.
- On an annual basis, the number of jobs created varies from a low of 5,708 Person Years of Employment in 2011 to a peak of 14,249 Person Years of Employment in 2014.
The report notes that municipalities across Ontario are becoming ever more aware of the increase in tax revenues and local investment they receive as a direct result of wind farms. Domestic content provisions for wind energy development will also boost local investment and employment.
CanWEA is the voice of the wind energy industry, actively promoting the responsible and sustainable growth of wind energy throughout Canada on behalf of its more than 450 members. A national non-profit association, CanWEA serves as Canada’s leading source of credible information about wind energy and its social, economic and environmental benefits. The document Wind Vision 2025 – Powering Canada’s Future is available at http://www.canwea.ca/