The Balko Wind farm is a planned 300 MW wind energy facility currently being developed in Beaver County, Oklahoma.
- Project size: Up to 300 megawatts (enough to power 100,000 average US homes)
- Number of turbines: Approximately 130-150
Local Economic Benefits
Economic impact numbers based on analysis from Economic Impact Group, an economic impact consulting firm whose principals are affiliated with the Meinders School of Business, Oklahoma City University. (Economic estimates subject to change.)
- A total of $326 million injected into to the local economy over 25 years†
- New Spending and Revenue in the County
- During Project Construction (1 year)
- $21 million: Local purchasing of goods and services due to wind farm construction†
- $8 million: New payroll income in the area, generated by jobs created and/or maintained by project construction†
- During Project Operations (25 years)
- $1.35 million per year ($33.75 million over life of project): New tax revenue estimated to accrue to Beaver County for schools, roads, and services. Over $1 million per year estimated to go to Balko School District
- $2.3 million per year ($57.5 million over life of project): Additional funds infused into the local economy through direct landowner payments‡
- $7 million per year ($175 million over life of project): Local purchasing of goods and services due to wind farm operations†
- $2.4 million per year ($60 million over life of project): New payroll income in the area, generated by jobs created and/or maintained by project operations†
- 95 local jobs: High-quality jobs directly created for construction of wind farm
- 94 local jobs: Other local jobs created and/or maintained due to project construction†
- 11-12 long-term local jobs: Number of direct, high-quality, long-term jobs the project will hire for operations and maintenance
- 36 local jobs: Additional new jobs created and/or maintained due to project operation†
† Includes regionally specific multiplier effects. Multiplier effects include supply chain impacts and additional economic activity induced by household spending of new wages generated by the project.
‡ Based on average annual payment.
Wind and Oklahoma
- Oklahoma is ranked 6th in the nation for total megawatts of wind energy installed, with 3,134 MW already operating.
- Oklahoma is ranked 9th in the U.S. market for wind resources.
- The U.S. Department of Energy predicts that Oklahoma will be the 2nd largest generator of wind energy by 2030.
- 10.5% of Oklahoma’s electricity generation comes from wind energy.
- 4,000-5,000 people are employed by wind energy in the state of Oklahoma.
- Oklahoma’s wind industry contributes tens of millions annually in property tax and land lease payments.
APEX IS PROUD TO BE AFFILIATED WITH THE FOLLOWING ORGANIZATIONS:
- The State Chamber of Oklahoma, Champion Member
- Oklahoma Business Roundtable, Member
- Northwest Oklahoma Alliance, Member
- Governor’s Energy Conference, Sponsor, 2012
- Southern States Energy Board, Oklahoma City Annual Meeting, Presenter, Sponsor, 2012
- Canadian Valley Tech Center, Member of Wind Advisory Committee