The Caddo Wind project provides an opportunity to help address Oklahoma’s growing electricity demand while diversifying Caddo County's economy and supporting jobs in the local community.
Apex Clean Energy of Charlottesville, Virginia, is planning to build Caddo Wind, a wind energy project expected to generate up to 300 megawatts of clean, homegrown energy. Local wind data confirms that the area under consideration is ideal for a project of this size, which will produce enough safe, pollution-free energy to power over 107,000 American homes every year.
Apex has partnered with Allete Clean Energy to sponsor Caddo Wind and is working with local landowners and various stakeholders on the project and welcomes input into the planning process.
Located in southern Caddo County, the project site is suitable for a wind energy project based on these key attributes:
- Verified wind resource
- Existing high-voltage power lines
- Private agricultural land
- Strong community support
- Minimized environmental impacts
A Clean Economic Opportunity for Caddo County
Caddo Wind will create jobs and generate an entirely new source of long-term revenue for local schools, government services, and property owners. The total direct financial impact to the region will be in the millions of dollars over the life of the project, with additional indirect economic benefits to the local economy.
Over the life of the project, Caddo Wind will pay property taxes based on the Fair Market Value (FMV) of the equipment sited within each taxing district. Over the life of the project, Caddo County will receive $40 million in tax revenue, some numbers are listed below:
- Caddo County will receive over $4 million in tax revenue over the life of the project
- Caddo school districts will receive $32 million in tax revenue over the life of the project
- Vo-Techs within Caddo County will receive $4 million in tax revenue over the life of the project
Other Local Benefits
- Up to 150 of jobs and significant local spending during construction
- Up to 10 full-time local jobs for operations and maintenance
- 25 years of annual revenue for county, local landowners, and local schools, totaling tens of millions of dollars