EDPR NA renewable energy projects generate tax revenue and economic development funds that create additional growth and civic investment in the communities that host our clean energy projects.
Renewable energy projects create family-wage jobs, expand the local tax base, and invest millions of dollars in rural communities. In many project areas, EDPR NA’s wind farms, solar parks, energy storage systems, and green hydrogen solutions are the top taxpaying entity in the county or city, providing critical funding to services relied upon by local residents. Below is an overview of our economic impact to date:
Impact of renewable energy stories
Stable job creation
Local business growth
Strengthening local infrastructure
Explore what we do
Work with us to maximize clean energy benefits for your community.
Our team works with a diverse market of renewable energy purchasers, including public and private utility entities, municipalities, educational institutions, large corporations, and many other customers. By tailoring community development strategies to benefit each customer's specific needs, our team creates long-term relationships that promote clean energy investments, as well as economic and community growth for local economies.
EDPR NA is a sustainable and green energy company working towards a better world for current and future generations. Our team's energy and heart are driving a better tomorrow for North America.
Renewable energy sector's impact across North America
Wind power is the largest source of renewable electricity generation in the United States, providing 10.2% of the country’s electricity. Below are the economic benefits the Amercian Clean Power Association has researched and quantified for wind energy in the United States:
- $151 billion of economic investments in the last decade
- $20 billion of economic investments produced through new project development in 2021
- The industry employs more than 120,000 Americans across all 50 states
- An estimated $1.9 billion is state and local tax payments and land-lease payments each year
Learn more about the benefits of wind energy from the American Clean Power Association
Utility-scale solar is the 3rd-largest source of renewable energy. Solar parks have a total capacity of 68 GW nationwide, which is equivalent to powering 15 million homes. Below are the economic benefits the Amercian Clean Power Association has researched and quantified for solar energy in the United States:
- $143 billion of economic investments in projects nationwide
- Approximately $633 million in state and local taxes and land-lease payments annually
- The industry employs more than 253,000 Americans across all 50 states
- Employs America’s veterans at a rate 33% above the national average
Learn more about the benefits of solar energy from the American Clean Power Association
Energy storage is critical to an efficient, clean electric grid. It enables us to produce clean energy when it’s abundant, store it, and put it back into the electricity grid when needed. Below are a few benefits of energy storage and how it is enhancing grid resiliency, according to research done by the American Clean Power Association:
- Helps provide uninterrupted power for consumers, businesses, and other users
- Energy storage can help businesses avoid costly disruptions
- Enables us to power the grid using renewables like solar and wind, even when the sun is down or the wind is not blowing
- U.S. battery storage jumped from 47 MW in 2010 to 8,246 MW in Q3 2022
Learn more about the benefits of energy storage from the American Clean Power Association