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South Dakota Wind Energy Update South Dakota Wind Energy Association Annual Meeting - 2014 Hunter Roberts, Policy Advisor.

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Presentation on theme: "South Dakota Wind Energy Update South Dakota Wind Energy Association Annual Meeting - 2014 Hunter Roberts, Policy Advisor."— Presentation transcript:

1 South Dakota Wind Energy Update South Dakota Wind Energy Association Annual Meeting Hunter Roberts, Policy Advisor

2 Today’s Discussion Intro South Dakota Update South Dakota Policy Federal Policy Questions

3 South Dakota’s Reputation America’s Top State for Business: # CNBC State Business Tax Climate Index: # Tax Foundation Best State Tax System: # Small Business & Entrepreneurship Council Best-Run State: #3 Barron’s State Economic Competitiveness Index: # American Legislative Exchange Council Small Business Survival Index: # Small Business and Entrepreneurship Council

4 South Dakota Wind Update Several projects are under construction or close to construction PPA’s prices are low Wind productivity continues to increase Building South Dakota: Reinvestment Payment Program

5 Alissa VanMeeteren Bioscience

6 SD Wind Energy Incentives and Policy –Regulatory: Very favorable –Incentives: Middle of the pack Reinvestment Payment Program Nameplate and capacity gross receipts tax –2015 Legislative Session

7 Reinvestment Payment Program Assists companies in offsetting the upfront costs associated with relocating or expanding operations and/or upgrading equipment Total project costs in excess of $20 million or equipment upgrades with a total project cost in excess of $2 million. Three wind projects have been thru the process. Contact the South Dakota Governor’s Office of Economic Development. Cherissa Nielson (605) Cherissa Nielson (605)

8 Federal Policy –Federal PTC and ITC –111 (d) –FERC Order 1000

9 Thank you. Questions? Hunter Roberts Policy Advisor Phone:


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