Gabe Wind-Energy Jobs, Revenue Projection Reported
A Bangor Daily News article about jobs and revenue projections that could result from a full-scale offshore, commercial wind farm proposed by Norwegian Statoil North America was based on new research by University of Maine economist Todd Gabe. Gabe estimated that a 500-megawatt offshore wind farm would cost at least $1.6 billion, but the payback would be $146.5 million in output, 881 full- and part-time jobs and $43 million in labor income annually. Adding turbine and wind blade manufacturing facilities to the scenario would boost annual return on investment substantially, Gabe’s study found. The university’s Advanced Manufacturing and Composites Center has been the primary research and development engine for Statoil’s wind turbine architecture.
Contact: George Manlove, (207) 581-3756