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Exploring the impact of the proposed Galloo Island energy project  

Author:  | Economics, Property values

Conducted for the Town of Henderson, January 2016.

The Galloo Island Wind Energy Facility (henceforth GIWEF) Project was first informally proposed in September 2014 by Albany based Hudson Energy Development LLC under a subsidiary Hudson North Country Wind 1 LLC (henceforth HNCW). Its formal Program Involvement Plan Application occurred in Summer 2015. Its plan comprises 29 turbines located on the privately owned island for an expected 102 MW output. The turbines will be 575 feet high, with blade lengths of 210 feet (Hudson North Country Wind 1, LLC 2015). On Dec. 18, 2015, HNCW sold the project to Apex Clean Energy LLC of Charlottesville, VA.

A key concern of many residents of the Town of Henderson is that the Galloo Island wind facility will negatively impact both property values in the town, as well as economic activity through tourism. These concerns are exacerbated by the fact that the usual benefits which typically accrue to counter potential negative impacts of this type of development, such as payments-in-lieu-of-taxes (PILOTS) or lease payments, are not eligible for residents of the Town of Henderson. As such, the impact of the proposed development on the Town of Henderson is uncertain and requires clarification. This study does not examine environmental benefit / cost impacts for the region as they are beyond the scope of the report as designated by the Town of Henderson.

Key Findings

The Nanos Clarkson Research Collaboration has undertaken a series of analyses, enclosed within the subsequent report, specifically a property value analysis, an economic and jobs analysis, as well as a viewshed analysis. While methodologies (and qualifiers) for the various analyses are highlighted within the report along with report details, the overall general findings can be summarized as follows in terms of the anticipated impacts:

  • likely negative land valuations for the Town of Henderson;
  • likely positive economic effects to the region, but not commensurate to the Town of Henderson;
  • likely minor positive effects on jobs and economic impacts to the Town of Henderson; and,
  • likely minor negative effect on tourism

These findings are elaborated in more detail within the subsequent report. It should be noted that this study does not examine environmental benefit/cost impacts for the region as they are beyond the scope of the report as designated by the Town of Henderson. Finally, the report includes a series of view-shed analyses for the Town of Henderson in relation to the proposed Galloo Island development. In addition to the enclosed data and documents, the 3-D viewer can be accessed at: http://arcg.is/20Y5VEc in order to provide a more variable tool for analysis and evaluation.

Download original document: “Exploring the impact of the proposed Galloo Island energy project

This article is the work of the author(s) indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

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