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Political standoff in D.C. hangs over wind jobs
November 4, 2012 by Sean Cockerham in Idaho Statesman
November 4, 2012 by Sean Cockerham in Idaho Statesman
"Governor Romney believes the right path forward for the industry is to implement competitive tax and regulatory policies that create a level playing field and allow the best technologies to compete and thrive," she said.
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Tax Breaks & Subsidies|
USA]
Study argues PTC unneeded, acknowledges short-term contraction likely
November 2, 2012 by Nick Juliano in E&E News
November 2, 2012 by Nick Juliano in E&E News
A new study funded by opponents of a key wind industry tax credit argues that the incentive should disappear this year because wind developers have a bright long-term future driven by state-level renewable energy policies.
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Tax Breaks & Subsidies|
USA]
The wind industry, fighting to hold onto a generous tax credit set to expire in December, has been arguing that it does not need the support forever - just a little while longer, until it can compete with fossil fuels on its own.
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USA]
The high price of clean energy - Tax breaks and subsidies for industry divide Germans
October 26, 2012 by Jörg Schindler and Gerald Traufetter in Der Spiegel
October 26, 2012 by Jörg Schindler and Gerald Traufetter in Der Spiegel
The main reason for the increase in energy costs is the simple fact that generating electricity with wind parks and solar arrays is more expensive. But allowing so many exemptions is taking its toll as well, and a better solution is overdue -- especially because this envious discussion over who's paying and who's not has the potential to chip away at support among the general public for the transition to renewable energy.
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Tax Breaks & Subsidies|
Germany]
President Barack Obama has been under fire from Republicans for supposedly waging a "war on coal." But Iowa and Colorado appeared to offer him a chance to turn the tables - letting him accuse Mitt Romney of declaring war on wind. ...So far, polls don't show the issue giving Obama a major advantage in either state.
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USA]
NextEra plans for post-PTC world; Even though it expects a short extension
October 25, 2012 by Bill Opalka in RenewablesBiz
October 25, 2012 by Bill Opalka in RenewablesBiz
NextEra Energy Inc. remains on track to set a record for new wind installations in 2012, putting its total about 10,000 MW. But the company said its NextEra Energy Resources until will see a significant drop-off in activity in 2013, even Congress extends the federal production tax credit (PTC) for wind sometime after the election.
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USA]
Independent analysts project fewer installations next year, even if the credit is extended, because low natural gas prices are making it difficult for wind to compete in electricity markets and demand is slackening as state-level renewable portfolio standards are being met
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USA]
AWEA meeting to probe details of possible PTC phaseout, long-term policy needs
October 18, 2012 by Nick Juliano in E&E News
October 18, 2012 by Nick Juliano in E&E News
The overarching goal is to determine "what does the industry need to stay alive, basically," said one industry lobbyist familiar with the meeting ...Congress is expected to address the immediate fate of the PTC during a lame-duck session, although the future of the credit and myriad other issues largely hinge on the outcome of the elections.
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Tax Breaks & Subsidies|
USA]
Ontario loses WTO ruling on green energy policies: reports
October 16, 2012 by Richard Blackwell in Globe and Mail
October 16, 2012 by Richard Blackwell in Globe and Mail
If the preliminary report stands, Ontario might have to dismantle parts of its controversial "feed-in-tariff" program that pays high prices to producers of wind and solar power, as long as they buy a certain proportion of their equipment in the province.
Germany hikes electricity charge to finance renewables
October 15, 2012 by Richard Carter in Yahoo News
October 15, 2012 by Richard Carter in Yahoo News
In total, the network operators hope to collect more than 20 billion euros to subsidise renewable energies. ..."The increase in this charge is manageable for many households, but there are also very poor, low-income households which could be negatively affected by this type of price rise," she said.
The country's four main grid operators said Monday that households will from January see a nearly 50 percent rise in the tax they pay to finance the switchover - from €3.6 cents to €5.3 cents ($6.7 cents) per kilowatt hour. A typical family of four will pay about €250 ($324) per year under the tariff, including a sales tax.
Merkel Curbs Renewables to Limit Voter Anger on Power Bills
October 12, 2012 by Stefan Nicola and Tino Andresen in Business Week
October 12, 2012 by Stefan Nicola and Tino Andresen in Business Week
German Chancellor Angela Merkel's decision to cap taxpayer subsidies for renewable energy is aimed at limiting the political fallout. ...Merkel's government, already preoccupied with tackling the debt crisis in the euro area, is struggling to justify the rising costs to phase out nuclear power and replace it with more expensive wind and solar plants.
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Tax Breaks & Subsidies|
Germany]
Vestas Wind Systems lays off 200 workers at its Windsor blade factory
October 11, 2012 by Steve Raabe in The Denver Post
October 11, 2012 by Steve Raabe in The Denver Post
Wind-turbine manufacturer Vestas Wind Systems made its largest Colorado job cut Thursday, laying off about 200 workers at its Windsor blade plant.
The cuts represent 29 percent of the plant's workforce. Vestas also had laid off workers at plants in Brighton and Pueblo.
California's renewable-energy plans may hinge on presidential race
October 11, 2012 by Evan Halper in Los Angeles Times
October 11, 2012 by Evan Halper in Los Angeles Times
Experts differ on whether subsidies are the most sensible way to move toward cleaner energy and whether they are a good deal for taxpayers.
But there is wide agreement that no state has used federal help more aggressively than California and that a sudden shift in direction by the White House would stymie the state's progress.
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Tax Breaks & Subsidies|
California]
IRS says 'tax avoidance' at heart of Solyndra bankruptcy plan
October 11, 2012 by Jim McElhatton in The Washington Times
October 11, 2012 by Jim McElhatton in The Washington Times
"The only reason for the shell corporation to exist post-confirmation is to enable its owners to exploit these tax attributes, which would be lost in liquidation," the IRS argued in court papers.
One owner valued the so-called tax attributes at $150 million, dwarfing the $7 million to $8 million set aside by the reorganization plan for unsecured creditors.
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Tax Breaks & Subsidies|
USA]
Wind projects stalled over tax credit uncertainty
October 10, 2012 by Will Brumleve in The News-Gazette
October 10, 2012 by Will Brumleve in The News-Gazette
But deep differences over spending in Congress have made the PTC's fate uncertain. And that uncertainty has stalled wind farm development nationwide and led to cutbacks at major U.S. turbine manufacturing plants.
'Soviet-style' wind farm subsidies to face the axe
October 10, 2012 by Rowena Mason in The Telegraph
October 10, 2012 by Rowena Mason in The Telegraph
"There are significant impacts on the rural economy and the rural environment, all of which probably weren't intended when these things were thought up," he told an event at the Conservative Party conference. "It is not very green to be blighting the economy in one area."
His comments came as Greg Barker promised that the Government was dealing with the "never-ending gravy train of green subsidies".
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Tax Breaks & Subsidies|
UK]
Tough times ahead for wind industry, regardless of tax credit renewal - analyst
October 9, 2012 by Robert S. Eshelman in E&E News
October 9, 2012 by Robert S. Eshelman in E&E News
The clean energy sector is closing the gap on fossil fuels, but the wind industry faces significant challenges and could see a free fall in new construction over the next three years, said Ethan Zindler, head of policy analysis at Bloomberg New Energy Finance.
Mark Muro, a senior fellow and the policy director at the Metropolitan Policy Program at the Brookings Institution, argues in favor of the subsidies. David Kreutzer, a research fellow in energy economics and climate change at the Heritage Foundation, presents the case against them.
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Tax Breaks & Subsidies|
USA]
Wednesday's pesidential debate: What happened to wind energy?
October 5, 2012 by Laura DiMugno in North American Windpower
October 5, 2012 by Laura DiMugno in North American Windpower
What Romney considers "breaks" and "green" are up for debate. Despite his assertion that he supports "green energy," Romney has made it clear that he is in favor of letting the PTC expire ...
Instead, Romney said the money invested in renewable energy and cleantech companies could have been better used for other purposes.