KNOWLEDGE
HUB

Resource

Job and Economic Development Impact (JEDI) model

3pm, September 30th, 2015

The Jobs and Economic Development Impact (JEDI) models are user-friendly tools that estimate the economic impacts of constructing and operating power generation and biofuel plants at the local and state levels.

The JEDI models cover:

  • Wind power,
  • Biofuels,
  • Concentrating solar power,
  • Coal,
  • Natural gas power plants.

Based on project-specific and default inputs (derived from industry norms), JEDI estimates the number of jobs and economic impacts to a local area (usually a state) that could reasonably be supported by a power generation project. For example, JEDI estimates the number of in-state construction jobs from a new wind farm.

Key questions addressed:

  • Based on the specs of a power generation unit, what are the economic impacts of wind, biofuel, solar, natural gas, coal, hydroelectric, geothermal, petroleum, and transmission projects?

Sample data inputs:

  • Location of the potential project
  • The population of the area in consideration
  • The year of construction for the potential project
  • The system type
  • System size (DC nameplate capacity in kW)
  • Base installed system cost ($/kWdc)
  • Annual direct O&M cost ($/kW)

Sample quantitative outputs:

  • Project construction or installation cost and the associated local spending amount
  • Direct O&M costs and associated local spending ammount
  • Other annual costs
  • Debt payments and property taxes
  • Local economic impacts on jobs and earnings

Access the Jobs and Economic Development Impact (JEDI) models.

Resources:

Methodology

Interpreting results

Limitations of JEDI models.

Institutions Involved

  • National Renewable Energy Laboratory (NREL)
Links for Resource