Gov. John Hoeven, R-N.D., North Dakota House Majority Leader Rick Berg and Senate Majority Leader Bob Stenehjem recently met to detail a comprehensive $43.5 million Renewable Energy Plan. Legislators in both houses are working to fund an inclusive package of programs to promote renewable energy aimed at supporting the national goal of generating 25% of the nation's energy from renewable sources and doubling the state's energy output from all sources by the year 2025.
Included in the plan is House Bill 1317, a property tax reduction for wind generation units from 3% to 1.5% of assessed value. In addition, House Bill 1127 is proposed to encourage new wind farm development by providing flexibility for the Transmission Authority to build new power transmission lines.
"These initiatives will both expand renewable energy development in North Dakota and link those new industries with traditional industries to lift all of our resources together," says Hoeven. "We're the sixth-largest energy producing and exporting state in the country, and this plan will help build on our position of leadership to create more opportunities for our citizens and achieve greater energy independence for our nation."