The docket identifies several key areas of growth, primarily focused on renewable energy development (wind, solar, battery storage), grid resilience, and associated economic impacts. The main areas of growth and their related considerations are:
1. Renewable Energy Expansion
- Wind and solar energy, often paired with battery storage, are major growth sectors. The renewable energy market is projected to grow by about 15% per year through the next decade, with wind and solar potentially increasing their share of the U.S. generation mix from less than 13% in 2021 to about 60% in 2035. There is an estimated opportunity to build approximately 3,600 GW of renewable energy and storage by 2050, representing a $4 trillion investment
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- Key considerations include:
- Economics: New renewables are now cheaper than many older fossil units, and are expected to remain low-cost options even after federal tax credits phase out, with near-firm wind projected at $25–$32/MWh and near-firm solar at $30–$37/MWh
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- Technology: Ongoing innovation in battery storage, smart grids, and AI-driven operations is essential for reducing costs and achieving emissions reductions
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- Policy and Compliance: Integrated resource planning incorporates carbon and climate risks, and there is a need to adapt to evolving federal/state regulations impacting greenhouse gas emissions and energy efficiency
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2. Grid Resilience and Reliability
- Significant investments have been made to strengthen the energy grid to withstand severe weather, improve reliability, and enable faster restoration after extreme events. This includes hardening or undergrounding power lines, deploying outage-prevention technology, and enhancing operational processes
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- Key considerations:
- Physical climate risks such as hurricanes, flooding, and sea-level rise are integrated as “stress multipliers” within risk management, not as separate risks.
- Continuous learning from past events is used to inform future capital allocation and grid upgrades
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3. Economic and Community Impact
- Renewable projects are expected to provide substantial local economic benefits. For example, the Oliver Wind IV project is projected to generate about $37 million in tax revenue over 35 years, over $30 million in payments to participating landowners over 30 years, create 5–8 permanent local jobs, and about 300 temporary construction jobs
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- Considerations include:
- Local sourcing for materials when possible and coordination with local businesses during construction to minimize disruption
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- Supporting local economies through affordable energy pricing and bill assistance programs for customers
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4. Environmental and Siting Considerations
- Site selection for new facilities avoids exclusion and avoidance areas (e.g., proximity to roads, railways, property lines, wetlands, historical/cultural sites) as required by state regulations
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- Key considerations:
- Minimizing environmental impacts such as wetland disturbance and preservation of unbroken grasslands.
- Addressing visual impacts on historic sites, confirmed through agency consultation.
- Ensuring that modifications to site plans comply with regulatory criteria and do not introduce new adverse impacts
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5. Workforce Development and Research
- Partnerships with universities and training institutes are advancing research and workforce skills in renewable energy, including agrivoltaics and solar energy operations
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- Considerations center on developing a talent pipeline for the growing renewable sector and integrating multidisciplinary approaches to sustainable energy deployment.
In summary, the docket outlines growth in renewable energy deployment, grid resilience, economic benefits for local communities, careful environmental siting, and workforce development. Each area of growth is closely linked with detailed economic, technical, regulatory, and environmental considerations.