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Tax Breaks & Subsidies and USA
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Tax credit worry hampers U.S. wind industry -Lack of long-term policy hurts investment in new equipment
March 21, 2006 by Reuters in MSNBC
March 21, 2006 by Reuters in MSNBC
Lack of a long-term federal tax credit continues to hamper the wind farm industry and fosters a boom-and-bust cycle of construction, developers said on Monday at a conference on financing renewable energy.
AWEA Submits Testimony Supporting Expansion of DOE Wind Program
March 21, 2006 by AWEA Press Release in Wind Energy Weekly
March 21, 2006 by AWEA Press Release in Wind Energy Weekly
On Thursday, AWEA submitted testimony to the House of Representatives Appropriations Subcommittee on Energy & Water Development calling for a substantial boost in wind energy research and development (R&D) funding to $70 million next year.
Bill Introduced to Extend Federal Renewable Energy Tax Credits
March 17, 2006 by Jesse Broehl in RenewableEnergyAccess.com
March 17, 2006 by Jesse Broehl in RenewableEnergyAccess.com
Washington, DC [RenewableEnergyAccess.com] Tax credits to promote renewable energy got a reassuring boost from lawmakers this week in Congress as a Senate bill was introduced to extend new federal tax credits authorized in the Energy Policy Act of 2005 through 2010.
Bush to promote fuel-saving technologies in State of the Union
January 30, 2006 by Associated Press in The Boston Globe
January 30, 2006 by Associated Press in The Boston Globe
WASHINGTON — Trying to calm anxieties about soaring energy costs, President Bush is using his State of the Union address this week to focus on a package of energy of proposals aimed at bringing fuel-saving technologies out of the lab and into use.
Also filed under [
Energy Policy]
That will make Whole Foods the only Fortune 500 company to purchase renewable energy credits — which subsidize the production of energy from renewable sources such as wind — to offset 100% of its electricity use, says the U.S. Environmental Protection Agency says.
Britain's booming wind farm industry is grinding to a halt because a lucrative tax break in America is fuelling massive demand for new wind installations across the Atlantic.
Also filed under [
UK]
A group of Grant County landowners has filed a lawsuit seeking to block construction of a Mount Storm area wind-power project.
Missouri orders Lenexa firm to stop selling securities
December 2, 2005 in Kansas City Business Journal
December 2, 2005 in Kansas City Business Journal
Missouri Commissioner of Securities David Cosgrove has issued a cease and desist order against Krystal Planet Corp. and its executives for allegedly selling unregistered securities and deceiving investors.
In the next two years, a Virginia company hopes to pump upward of $400 million into what could be Colorado's largest wind farm on private grazing land near Grover.
Grant residents sue to block wind turbine project
November 30, 2005 by Ken Ward Jr., Staff writer in The Charleston Gazette
November 30, 2005 by Ken Ward Jr., Staff writer in The Charleston Gazette
Seven Grant County residents have filed suit to try to block construction of 200 giant wind turbines proposed near their homes.
Jerome E. Burch and six other residents sued developers of the $150 million Mount Storm wind project.
In their 14-page complaint, the residents allege that the NedPower Mount Storm LLC project will be a “nuisance” and “an eyesore” that creates excess noise and kills birds and bats.
The suit also alleges that the project will generate little power but receive lucrative federal and state tax breaks.
Weighing the energy alternatives: WIND
November 29, 2005 by FRANK NELSON, NEWS-PRESS STAFF WRITER in newspress.com
November 29, 2005 by FRANK NELSON, NEWS-PRESS STAFF WRITER in newspress.com
Carpinteria CEO envisions a future powered by turbines.
With oil and gas prices relentlessly rising -- and the cost of producing power from sustainable energy sources continuing to fall -- it appears the time is fast approaching when alternative energy begins to make good economic as well as environmental sense.
Also filed under [
Impact on Economy|
California]
In June, Austin-based Green Mountain Energy Company – self-described as "one of the nation's largest retail providers of cleaner electricity products," generated from sources such as wind, solar, water, biomass, and natural gas – announced the crosstown relocation of its headquarters from aquifer-sensitive west Austin to an award-winning green office tower downtown, in anticipation of growth and expansion. By the time the move was complete, however, the energy provider had discontinued servicing about 480,000 customers in Ohio and Pennsylvania, laid off 15% of its workforce, and found itself facing suit in federal court. Green Mountain blames regulatory and market obstacles for its woes, but its critics cite an over-reliance on natural gas and a lack of investment in the very clean energy sources the company has made its trademark.
Also filed under [
Energy Policy|
Texas]
Board of Assessments Hears Arguments From Waymart Wind Farm Owner
November 20, 2005 by DIANE L.T. BOOTHE in The Wayne Independent (PA)
November 20, 2005 by DIANE L.T. BOOTHE in The Wayne Independent (PA)
WAYNE COUNTY - The Wayne County Commissioners' meeting on Tuesday quickly switched over to the Board of Assessments and Revision of Taxes to hear an assessment appeal from the Waymart Wind Farm, L.P. for their 2006 taxes.
Also filed under [
Pennsylvania]