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Economic Impacts of NREL CA Solar Benefits CSP in California Table 5-9 shows the total (direct plus indirect) economic impacts of the low and high deployment scenarios. The high deployment scenario generates approximately double the economic impact of the low deployment scenario, which is expected because the high deployment scenario results in about double the installed capacity of the low deployment scenario. The results of the economic impacts analysis indicate that a significant CSP industry would be formed in California with either large-scale deployment scenario. The deployment scenarios would result in about $7 billion and $13 billion in investment, respectively, of which an estimated $2.8 and $5.4 billion is estimated to be spent in California. This level of in-state investment has a total impact on Gross State Product of nearly $13 billion for the low deployment scenario and over $24 billion for the high deployment scenario, not including impacts from ongoing O&M expenditures. This level of investment creates a sizable direct and indirect impact to employment during construction at about 77,000 and 145,000 job-years for the low and high deployment scenarios, respectively. Ongoing operation of the CSP plants built under the deployment scenarios creates a total annual economic impact of $190 and $390 million. Table 5-9 Total Present Value of CSP Development for Two Deployment Scenarios ($2005) Construction Gross State Output, $1,000 Earnings, $1,000 Employment, job-years Operation Gross State Output, $1,000/year Earnings, $1,000/year Employment, jobs Low Deployment 12,979,000 3,556,000 77,300 192,900 82,200 1,500 High Deployment 24,617,000 6,649,000 145,000 390,800 164,900 3,000 Assuming that the CSP plants would each operate for 30 years, Figure 5-3 shows the total economic impact (direct plus indirect) to earnings and employment in the construction and operation periods generated by the deployment scenarios. Figure 5-3 shows that the earnings and employment impacts are larger for the construction than operation periods. The total impacts from operation are significant at about $3.0 billion and $5.0 billion to earnings for the low and high deployment scenarios, respectively. April 21, 2006 5-14PDF Image | Economic, Energy, and Environmental Benefits of Concentrating Solar Power in California
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