Supplemental Statoil Comments to PUC Term Sheet [Docket No. 2010-235]

The supplemental comments respond to comments submitted by the Governor's Office of Energy Independence (OEIS) and the Industrial Energy Consumers' Group (IECG).
(cost benefit assessment)
The supplemental comments respond to comments submitted by the Governor's Office of Energy Independence (OEIS) and the Industrial Energy Consumers' Group (IECG).
The letter and accompanying attachments detail Statoil's support of the Maine Public Utilities Commission's (PUC's) approval of a term sheet for a proposed long-term contract for the output of the Hywind Maine pilot project.
The report summarizes the more than $140 million in funding awards for 64 offshore wind projects that the US Department of Energy's (DOE's) Wind and Water Program has made between fiscal years 2006-2012. These awards fall under two activity areas: Technology Development and Market Acceleration and Deployment.
This paper assesses the Delaware offshore wind energy resource through three elements: a mapping model (examining the developable offshore area out to 60 km), a valuation model (translating historical buoy records of wind data into electricity production and corresponding real world spot prices), and a business development model (analyzing the value of this electricity in light of detailed development cost estimates). It also summarizes potential impacts to marine wildlife in the Delaware area from potential offshore wind project construction and operation.
The report assesses the costs, challenges, and impacts in areas of technology, manufacturing and employment, transmission and grid integration, markets, siting and permitting strategies, and potential environmental effects associated with providing 20% of U.S. electricity needs through wind energy by 2030, an increase of more than 290 GW within 23 years.
Fact Sheet provides background on Maryland's offshore wind resources, progress to date in planning for offshore wind energy development, and potential environmental and economic benefits of developing a 310 MW project.
The report evaluates the direct and indirect economic benefits of the Deepwater Wind Block Island project over the 20-year term of the amended power purchase agreement (PPA). It estimates the overall state economic benefits to be $107 million in constant 2010 dollar terms and $92 million in net present value (NPV) terms as of January 1, 2013 using a 7.2% discount rate.
The report describes offshore wind research results in areas of feasibility-level design and economic assessment, preliminary mapping offshore areas, and evaluation of economic development potential. It offers recommendations for applied research and government policy.
The report estimates the direct, indirect, and induced economic effects of the manufacture, installation, and operation of a 480 MW offshore wind farm off the coast of South Carolina. During the two-year construction phase, the equivalent of up to 1,881 full-time jobs could be created, with an increase of $287 million in annual state economic output, $2.8 million in state income tax returns, and $190,000 in corporate income tax revenues. Annual state output could increase by up to $15 million in the operational phase, creating up to 155 full-time jobs, $200,000 in state income tax revenues and $14,000 in corporate income tax revenues.
Overview of Bluewater Wind project status, location, development stages and activities, pre-construction approval schedule, and economic impact.