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Energy Policy

2008

University of Southern Maine

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The Economic Impacts Of The Horizon Wind Energy Project, Charles Colgan Jun 2008

The Economic Impacts Of The Horizon Wind Energy Project, Charles Colgan

Economic Impact Analysis

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 …