Fishers Island Tidal Energy Project - Energy Highway

May 30, 2012 NYS TIDAL ENERGY DEVELOPMENT NY ENERGY HIGHWAY
Marine and Hydrokinetic - Project Data Summary based on model default values
Project Location
New York
Year of Construction or Installation 2013
Reference System Size - Nameplate Capacity (MW) 10.0
Total Project Size - Nameplate Capacity (MW) 10.0
Construction Period (months) 18
System Type
Tidal Power
System Cost ($/KW) or ($4.724M per MW installed) $4,724
Annualized O & M Cost (percent of Capital Cost) 7.3%
Money Value (Dollar Year) 2012
Project Construction or Installation Cost
$47.2M
Local Spending
$34.3M
Total Annual Operational Expenses
$10.1M
Direct Operating and Maintenance Costs
$3.4M
Local Spending
$2.7M
Other Annual Costs
$6.8M
Local Spending
$0.1M
Debt Payments
$0.0M
Property Taxes
$0.0M
Sales Tax
$0.1M
Jobs
Earnings
Local Economic Impacts - Summary Results
Jobs / Year $MM (2012) Output
During construction and installation period 17.0 $2.2 $MM (2012)
Project Development and Onsite Labor Impacts 8.1 $1.1 $3.3
Construction and Installation Labor 9.0 $1.1
Construction and Installation Related Services 150.1 $12.4
Module and Supply Chain Impacts 56.0 $4.0 $41.9
Induced Impacts 223.1 $18.5 $10.3
Total Impacts 223.1 $18.5 $55.5
Annual Earnings Annual
Jobs $MM (2012) Output
During operating years $MM (2012)
Onsite Labor Impacts 9.5 $0.7
Hydro Project Labor Only 9.7 $0.9 $0.7
Local Revenue and Supply Chain Impacts 4.7 $0.3 $2.9
Induced Impacts 23.8 $2.0 $0.9
Total Impacts 23.8 $2.0 $4.5
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