South Dakota Wind
Energy Update
South Dakota Wind Energy
Association Annual Meeting - 2014
Hunter Roberts, Policy Advisor
Today’s Discussion
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Intro
South Dakota Update
South Dakota Policy
Federal Policy
Questions
South Dakota’s Reputation
• America’s Top State for Business: # 1
2013 CNBC
• State Business Tax Climate Index: # 2
2013 Tax Foundation
• Best State Tax System: #2
2013 Small Business & Entrepreneurship Council
• Best-Run State: #3
Barron’s
• State Economic Competitiveness Index: # 2
2012 American Legislative Exchange Council
• Small Business Survival Index: # 1
2012 Small Business and Entrepreneurship Council
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
Alissa
VanMeeteren
Bioscience
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
Reinvestment Payment Program
Cherissa Nielson
cherissa.nielson@state.sd.us
Cherissa Nielson
(605) 773-3301
cherissa.nielson@state.sd.us
(605) 773-3301
• 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.
Federal Policy
– Federal PTC and ITC
– 111 (d)
– FERC Order 1000
Thank you.
Questions?
Hunter Roberts
Policy Advisor
Phone: 605-773-3661
Email: Hunter.Roberts@state.sd.us