The World's #1 Renewable Energy Network for News, Information, and Companies.

Wind Power in Quebec Expected To Drive Significant Economic Benefits

A new study commissioned by the Canadian Wind Energy Association (CanWEA) and executed by the firm Hatch in collaboration with economist Jean-Claude Thibodeau shows wind energy's promise in Quebec.

By 2015 the province will have 4,000 MW of wind power generating capacity, according to the study.  This will mean $10 billion in new investments will come to Quebec.

The study determined that wind farm construction will create more than 37,000 jobs between 2005 and 2015. More precisely 5,210 jobs per year would be created between 2011 and 2015. In addition, nearly 1,400 permanent jobs will be created in the operation and maintenance of the wind farms by 2015. Finally, by 2015, landowners and municipalities will stand to earn up to $25 million in annual from these wind energy developments.

“With its growing wind energy manufacturing sector, and plans to install more than 600 MW of new wind energy projects annually for each of the next five years, Quebec has succeeded in making wind energy an engine of economic development," said said Robert Hornung, president of CanWEA.

A second report, WindVision 2025: A Strategy for Quebec, urges Quebec to continue to develop wind power beyond 2015 and add an additional 8 000 MW by 2025. This new phase would generate $25 million in investments and would create 90 000 jobs during the construction phase as well as 4,500 permanent operations and maintenance jobs by 2025. The economic benefits for landowners and municipalities would climb to $95 million per year.

The CanWEA website had details on both the economic studies.

 

RELATED ARTICLES

Renewable Energy Finance

Clean Energy ETFs Are on a Tear

Eric Balchunas, Bloomberg Green investing used to be synonymous with losing money. But while the S&P 500 Index is up 2 percent this year, and the MSCI All-Country World Index is up 5 percent, clean energy ETFs have double-digit re...

Wheels, Towers and Trees: Unconventional Renewable Energy Technologies in the Pipeline

Andrew Williams, International Correspondent A number of companies around the world are developing novel technologies in an effort to grab a slice of the global renewable energy market.  Although many of these technologies are simple incremental improvements to e...
UK Parliament Clean Energy Leaders

UK Government Names Clean Energy Cabinet Members

David Appleyard, Contributing Editor With the UK general election now over and a majority Conservative Party government in place, the re-elected Prime Minister David Cameron has now named key members of the government charged with steering the UK’s clean energ...
Microgrids

Coast to Coast and Across the Electric System, Microgrids Provide Benefits to All

Dick Munson, Environmental Defense Fund At the most obvious level, microgrids could disrupt today’s utilities and their regulated-monopoly business model, because they challenge the centralized paradigm. In a nutshell, microgrids are localized power grids that ha...
Renewable Energy World's network editors help deliver the most comprehensive news coverage of the renewable energy industries. Based in the U.S. and the UK, the team is comprised of editors from Pennwell Corporation's myriad of publications that ...

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in Brazil – in partnership with GWEC, the Global Win...

Brazil is one of the most promising markets for wind energy.  Ranke...

Energy Storage USA 2015

Energy Storage USA is the leading conference in the United States focuse...

Wind Power Central America

Wind power projects are expected to reach 46GW of total installed capaci...

COMPANY BLOGS

SunEdison Expands Residential Market Offerings with New PPA, Sales ...

SunEdison has largely focussed on the commercial and utility-scale solar...

Are You Ready for a Natural Disaster?

Guest post by Jenna Clarke  Living in the Shenandoah Valley of Virg...

Deadline for Inclusion in Solar Power World's Top Solar Contractors...

UPDATE: The official deadline for the Solar Power World T...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS