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Missouri Wind Advantages

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Presentation on theme: "Missouri Wind Advantages"— Presentation transcript:

1 Missouri Wind Advantages

2 Missouri’s Business Climate Strengths
Why Missouri? Missouri’s Business Climate Strengths

3 Why Missouri? Central location to markets and customers Multi-modal transportation access Skilled manufacturing workforce and excellent training resources 7,535 manufacturing firms Low-cost business climate

4 Missouri’s Strategic Location
1609 km 804.5 km

5 Missouri’s Central Location
Strategically located within 800 km of 49% of all U.S. manufacturing facilities, with excellent access to suppliers and customers Minimizes shipping distance and costs to customers and from suppliers Located within 1,000 km of most wind turbine OEMs in the U.S.

6 Missouri’s Transportation Network
Excellent access to customers and suppliers via road, rail, and river port Major commercial airports in St. Louis, Kansas City, and Springfield Ranked 6th best state for transportation by CNBC 2009 “Top States for Business” rankings More than $5 billion in investment since 2005

7 Road Transportation in Missouri
83,000 commercial trailers registered Within 800 km of 49% of U.S. manufacturing 7th largest highway system in the U.S.

8 Rail Transportation in Missouri
10th in the U.S. for railroad mileage Home to 2nd and 3rd largest railroad terminals in the U.S. 4th in rail tonnage and 3rd in rail carloads carried Rail Carriers: BNSF KC Southern Union Pacific Norfolk Southern

9 River Transportation in Missouri
14 public ports Mississippi and Missouri Rivers Missouri River Mississippi River

10 Missouri’s Workforce Population of 6 million Workforce size of 3 million – larger than populations of 20 other states 260,000 jobs in Missouri are in the manufacturing sector More than 3,300 engineering and engineering technology graduates in 2008

11 Missouri’s Educational and Training Resources
128 colleges and universities, including 21 community colleges with focus on workforce development 10 Missouri institutions have welding programs Missouri University of Science & Technology (Rolla, Missouri) 12th ranked public engineering university in the U.S.

12 Missouri’s Low-Cost Business Climate
Ranked 1st by National Manufacturing and Logistics Report Card in 2008 CNBC “Top States for Business” 2009 rankings 4th lowest cost of doing business 5th lowest cost of living 6th best transportation resources

13 CNBC Top States for Business 2009
4th Iowa 12th Nebraska Overall Rankings (1st = Best State for Business) 25th Illinois 7th Kansas 34th Kentucky 14th Missouri 20th Tennessee 23rd Oklahoma 31st Arkansas 1st Iowa 12th Nebraska 38th Illinois 8th Kentucky 23rd Kansas 4th Missouri Cost of Business Rankings (1st = Lowest business costs) 19th Tennessee 9th Oklahoma 3rd Arkansas

14 Tax Rankings by State 44th Iowa 42nd Nebraska 22nd Illinois 31st
Kansas 34th Kentucky 16th Missouri 17th Tennessee 18th Oklahoma 35th Arkansas Source: Tax Foundation’s State Business Tax Climate Index (1st = Best tax climate)

15 Missouri for Wind Energy
Wind Energy Resources in Missouri

16 Missouri Wind Power Capacity
Missouri’s current wind power capacity | 308 MW Missouri’s potential capacity | 5,960 MW Top 20 U.S. rank by existing capacity Top 20 U.S. rank by potential capacity Missouri has 14th highest average U.S. wind speed (10.1 mph), higher than Texas, Colorado, Ohio and California

17 Missouri 50 m Wind Power Wind Power Class Wind Power Density at W/m2
Wind Speed* at 50 m m/s Wind Speed* at 50 m mph 1 0-200 2 3 *Wind speeds are based on a Weibull k value of 2.0

18 Missouri’s proximity to the U.S. Wind Corridor and OEMs

19 Manufacturing in Missouri
Carbon Fiber/Fiberglass Manufacturers Ladders, Elevators, Hoists, and Lighting Manufacturers Sub-Assembly Component Manufacturers

20 Wind Energy in Missouri
Iberdrola Renewables is constructing a wind project near Tarkio, Missouri to add to its 13-state portfolio, expecting to generate 146 MW Zoltek (headquartered in MO) supplies carbon fiber to wind industry manufacturers like DeWind Inc., Vestas Wind Systems and Gamesa Eolica Wind Capital Group has completed 4 projects totaling 163 MW in Missouri

21 Wind Energy in Missouri
Wind Capital Group wind projects totaling 562 MW Zoltek, supplies carbon fiber to wind industry manufacturers Iberdrola Renewables wind project that is expected to generate 146 MW Emerson Electric, supplies control and data monitoring systems for 19 wind farms in Britain.

22 Missouri’s Renewable Energy Standard
Missouri’s Clean Energy Initiative, enacted in 2008, requires that utility companies increase usage of renewable energy to 15% by 2021, using a combination of wind, solar, hydro, and biomass.

23 Programs in Alternative Energy at Missouri Colleges
Missouri University of Science and Technology in Rolla is home to the Energy Research and Development Center Washington University in St. Louis has the country’s only department of Energy, Environmental, and Chemical Engineering The University of Missouri has launched the Center for Sustainable Energy in Columbia, MO Crowder College in Neosho, MO offers an Associates of Arts degree in Alternative Energy

24 Missouri Solar Advantages
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25 Why Missouri for Solar? Strategically located within solar energy resource area of U.S. Commitment to renewable energy sources, including solar power Strong base of related manufacturers and industries to support solar energy systems production and installation History of solar industry innovation 25

26 Missouri’s Solar Resources
Generation potential of 4.5 to 5 kWh per square meter per day (with PV) Greater solar energy potential than Germany (3 kWh per m2 per day) Average of 200 days per year of sunny or partly sunny days 26

27 27

28 Missouri’s RPS requirement
Total of 9,000,000 MWh to be generated from “renewable” energy by (based on 15 percent of total current energy usage of 60.1 million MWh).  Of this amount, 180,000 MWh (2 percent of 15 percent, or 0.3 percent of 60.1 million MWh) must be generated from solar by 2021.  The schedule for meeting this requirement: a. 24,000 MWh from solar per year from 2011 through 2013; b. 60,000 MWh from solar per year from 2014 through 2017; c. 20,000 MWh from solar per year from 2018 through 2020; d. 180,000 MWh from solar per year from 2021 and onward

29 Missouri’s Commitment to Renewable Energy
Iowa Nebraska None of Missouri’s surrounding states have a Renewable Energy Standard (RES) that requires solar energy Missouri’s RES requires 2% of power to be generated from solar Illinois Kansas Kentucky Missouri Tennessee Oklahoma Arkansas States with a Renewable Energy Standard (percent of energy to be generated from renewable sources) 29

30 Missouri’s Solar Industry
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31 Missouri’s Solar Industry
Iowa Nebraska Illinois Kansas Missouri Kentucky Tennessee Oklahoma Arkansas Number of solar industry related manufacturing establishments in Missouri and surrounding states 31

32 Missouri’s Solar Innovation
In 1984, Crowder College developed the first-ever solar-powered car to cross the United States In 1997 and 2003, the Missouri University of Science & Technology won the North American Solar Challenge solar car race New Emerson Electric data center in St. Louis powered by 550 PV panels City of Columbia is working with Dow to build Missouri’s largest solar array 32

33 Helping Companies Grow
Financial Incentives for Missouri Businesses 33

34 Missouri’s Business Incentives
Site acquisition, site development, and infrastructure Upfront capital investment in buildings and equipment Employee hiring and training Tax credits, tax exemptions, and tax abatements 34

35 Site Acquisition, Site Development, and Infrastructure
Local communities can offer free land State and local communities can offer Community Development Block Grant funds of up to $1 million for infrastructure to develop a green-field industrial site Local communities can use property taxes to pay for additional infrastructure improvements at an industrial site 35

36 Upfront Capital Investment Assistance
Missouri BUILD program can provide annual “grants” based on refundable tax credits These “grants” can be applied towards the fixed-asset investment, including building construction, machinery and equipment Missouri Enhanced Enterprise Zone program also allows for refundable tax credits based on new capital investment 36

37 Hiring and Training New Employees
Customized Jobs Training program offers companies grant funds for training new and existing employees New Jobs Training program also offers funding for new employee training through Missouri’s community colleges, and funding can include overseas travel Local employment offices can assist with recruiting, screening, and testing potential new employees 37

38 Tax Credits, Tax Exemptions, and Tax Abatements
Missouri Quality Jobs program provides annual “performance grants” based on job creation tax credits for new employees Chapter 100 program allows local communities to abate property taxes on real estate and personal property (including machinery and equipment) Manufacturing machinery and equipment and energy costs for manufacturers are exempt from state and local sales tax 38

39 Contacts Christopher Chung Chief Executive Officer Hyun-Sook Kim
The Missouri Partnership Hyun-Sook Kim Director Missouri Trade & Investment Office South Korea / 39


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