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Explore the potential of wind energy in North Carolina, including current electricity trends, renewable portfolio standards, investment incentives, wind turbine technology, project development considerations, and financial support options. Learn about the available resources, calculations, historical context, and future possibilities in the state.
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Appalachian CoalitionCommunity Wind Joe Smith WNCREI wind@appstate.edu www.wind.appstate.edu
Current NC Electricity Annual increase of 2.9% from 1980 to 2001 Average cost $0.07/kWh Trillions of BTU http://www.eere.energy.gov/states/state_specific_statistics.cfm/state=NC
REPS • Renewable Energy and Energy Efficiency Bill establishes a renewable portfolio standard (RPS) for North Carolina. The law requires public utilities in North Carolina to obtain a percentage of their electric power from renewables by certain dates • 3% by 2012 (4.2 Bill kWh*) • 6% by 2015 (8.4 Bill kWh*) • 10% by 2018 (14 Bill kWh*) • 12.5% by 2021 (17.5 Bill kWh*) *based on current usage of 140 Bill kWh/yr
Perspective • NC population in 2006 was 8,860,000 • 15,800 kWh/capita/year • 1,320 kWh/capita/month • includes industrial, commercial, and residential • Average Southeastern home use 1,100 kWh/month
Big Picture • If every terrestrial class 3 and greater site were developed on a 200m grid with 1.5MW turbines, NC could produce 233 Billion kWh/yr • Enough for 1.7 times NC’s current use • 2/3rd of this wind resource in WNC • 48,000 1.5MW wind turbines • Only 850 needed to get to 3%
Wind Project Development • Understand your wind Resource • Determine proximity to existing Transmission lines • Secure Access to Land • Establish Access to Capital • Identify reliable power Purchaser or Market
Development • Address siting and project Feasibility considerations • Understand wind energy economics • Obtain Zoning & permitting expertise • Establish dialogue with turbine Manufacturers and project developers • Secure agreement to meet O&M needs www.awea.org
Financial Incentives • Federal RE PTC • $0.019/kWh until end of 2008 • Accelerated Depreciation • MACRS allows 5yr depreciation period • NC RE tax credit • 35% of cost up to $2,500,000 over 5yrs • US Farm Bill • Grants up to 25% ($2,500 - $500,000), loans up to 50%
Financial Incentives • Clean Energy Renewable Bonds (CREBS) • Zero interest funds for governments • Energy Improvement Loan • 1% loan for up to $500,000 • NC GreenPower premium • $0.06/kWh for wind
What could it look like? Skystream (1.8kW) 1-1/4 miles away 25
What could it look like? Bergey (10kW) 1-1/4 miles away 26
What could it look like? Fuhrlander (250kW) 1-1/4 miles away 27
What could it look like? VestasV80 (1.8MW) 1-1/4 miles away 28
