The Economic Impacts of the Horizon Wind Energy Project

Authors

Charles Colgan, University of Southern MaineFollow

Document Type

Report

Publication Date

6-2008

Abstract

Horizon Wind Energy proposes to build 800MW of electric generation in Aroostook County, Maine. This report examines the economic impacts from the construction and the operational employment associated with the proposed project.

The economic impact analysis was conducted using an econometric model of the Maine economy maintained by the USM Center for Business and Economic Analysis and developed by Regional Economic Models Inc. (REMI) of Amherst, Massachusetts. The REMI model is a widely used economic forecasting and impact estimation model which has been used by CBER for more than 15 years. It has been used by the State Planning Office more than 25 years, and is also used by public and private organizations throughout the country. The USM version of the model incorporates seven regions within Maine; total effects in Maine are the sum of impacts in all regions.

Recommended Citation

Colgan, C. (2008). The Economic Impacts of the Horizon Wind Energy Project. [Report]. Portland, ME: University of Southern Maine, Muskie School of Public Service, Maine Center for Business and Economic Research.