Open AccessImpact of Wind Farms on the Economic and Financial Standing of the Korsze Commune
Author(s) -
Izabela Rogalska,
Mazury in Olsztyn,
Damian Opalach,
Radosław Sańko
Publication year - 2020
Publication title -
studia i materiały
Language(s) - English
Resource type - Journals
ISSN - 1733-9758
DOI - 10.7172/1733-9758.2020.32.5
Subject(s) - revenue , real estate , investment (military) , wind power , business , finance , tax revenue , government (linguistics) , agricultural economics , economics , natural resource economics , public economics , engineering , linguistics , philosophy , electrical engineering , politics , political science , law
Being an inexhaustible source of ecologically pure energy, wind is gaining an increasingly wider range of applications. This translates into the growing interest of investors in areas endowed with the conditions suitable for developing wind farms. An investment into wind turbines can generate many economic benefits for a local government, chiefly by ensuring higher revenues from real estate taxes. The main objective of this study has been to evaluate the impact of wind farms on the economic and financial standing of the Korsze commune. The study included secondary data obtained from the Municipal Office in Korsze and statistical data from Statistics Poland. The results showed that the implementation of the investment project consisting of building a wind farm in Korsze led to the commune acquiring new and stable sources of revenue, with distinctly higher real property tax incomes. Annually, the real estate tax revenues in Korsze in the first year after the wind farm had opened increased by 48%.