Do views of offshore wind energy detract? A hedonic price analysis of the Block Island wind farm in Rhode Island
نویسندگان
چکیده
Social concern and disapproval of offshore wind by coastal communities causes delays costs to development. One is property value impacts stemming from a loss pristine ocean views. We evaluate this using the Block Island Wind Farm (BIWF), first its kind in United States. While BIWF has fewer turbines than currently proposed developments, it situated about 26 km [16 miles] Rhode mainland, which policy relevant distance, given that US developments tend be 21–32 coastlines. Using properties we estimate difference-in-differences hedonic valuation models with treatment defined views BIWF. Across many specifications samples, find no evidence negative values. Coefficient estimates are both positive, but none statistically distinguishable zero. additionally on Island, only 4.8 BIWF, meaning more visually dominant feature there as compared mainland. These similarly insignificant effects In sum, our findings suggest viewshed were minimal.
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ژورنال
عنوان ژورنال: Energy Policy
سال: 2022
ISSN: ['1873-6777', '0301-4215']
DOI: https://doi.org/10.1016/j.enpol.2022.113060