Popular Chamber Event Focuses on Economics of Wind, Solar Energy

Clean energy projects—including wind and solar—have brought some of the best economic news to the rural northeastern region of North Carolina in many years.

But local chamber leaders know that not everyone understands what a great economic story clean energy is.

That’s why Josh Bass, President of the Currituck Chamber of Commerce, decided to host an event to educate county commissioners, business leaders, landowners and others about it.

“As a chamber, we are committed to fostering a thriving and sustainable local economy—and the economic development boost from clean energy development creates revenue and jobs that help us do that in ways that enhance our community’s quality of life,” said Bass.

The event, which attracted more than 60 attendees, was organized by the Currituck Chamber, Currituck Cooperative Extension, the Currituck Republican and Democratic Parties, and Chambers for Innovation and Clean Energy.

“There has been a nearly $20 billion economic impact from clean energy projects in North Carolina since 2007,” said Jennifer Behr from Chambers for Innovation and Clean Energy. And many of these benefits are going to economically challenged rural communities.

Currituck County will receive $500,000 in annual tax revenue alone from the local SunEnergy1 Solar Farm project. The state’s first utility-scale wind farm, the $400 million Amazon Wind Farm US East, is already the largest taxpayer in Perquimans and Pasquotank Counties.

Read more in the Daily Advance.

Currituck Chamber CEO Says Solar Project Will Foster a Thriving Local Economy

More than 150 people came out last month for a Currituck Chamber of Commerce open house at a new 2,000-acre farm solar farm. The event was co-hosted by the nearby Elizabeth City Chamber, home to the state’s first wind farm.

Currituck County, the northeastern most county in North Carolina, will receive $500,000 in annual tax revenue from this project.

The chambers partnered with the project’s developer, SunEnergy1, on the event that also attracted representatives from the Massachusetts Institute of Technology, which will purchase solar from the North Carolina farm.

“As a chamber, we are committed to fostering a thriving and sustainable local economy—and this new solar project will absolutely help us do that in ways that will enhance our community’s quality of life,” said Josh Bass, President of the Currituck Chamber of Commerce.

In addition to the added tax revenue, the local economy will benefit from locally sourced building materials and added construction and maintenance jobs.

According to a Duke University report, released in 2015, solar-friendly policies have helped North Carolina be a leader in solar investment—providing jobs and economic development opportunities to all parts of the state, including rural ones that have struggled historically to create jobs and businesses.

Moreover, the report found, the benefits of solar energy go beyond the particular communities that host them. “All parts of the solar value chain – investors, solar developers, construction contractors, solar panel and component manufacturers – are creating jobs and providing landowners, workers and towns across North Carolina with income and tax revenue,” the report found.

In February, the Currituck County Commissioners banned future solar development in the country, while grandfathering in the SunEnergy1 project.

Recognizing renewable energy as a driver of the local economy, the Currituck Chamber said it is in the best interest of the region to educate the community about the financial benefits from solar energy.

When fully developed, the project is expected to be the largest solar farm east of the Mississippi.