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Tax Breaks & Subsidies
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[
New York
]
Lewis County fights for windmill money
Posted by: Lisa on November 21, 2009 2:53:43 AM
Lewis County is set to lose millions of dollars in Empire Zone money, but the head of the state's Empire Development Agency says that could change.
Each year, the county has received $2 million in Empire Zone money to use toward its budget.
Without the credits, that amount shrivels to $500,000.
Note : http://www.wwnytv.com/news/local/70713612.html
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[
New York
]
Galloo Island PILOT talks are reined in
Posted by: Lisa on November 18, 2009 6:27:18 AM
Jefferson County's Board of Legislators slowed down its consideration of the payment-in-lieu-of-taxes agreement for the proposed Galloo Island Wind Farm. ...Chairman Barry M. Ormsby, R-Belleville, said representatives of the Jefferson County Industrial Development Agency and Galloo Island's developer, Upstate NY Power Corp., would come to the meeting.
Mr. Ormsby said they also would allow the public to speak during privilege of the floor, though no public hearing is required.
Note : http://www.watertowndailytimes.com/article/20091118/NEWS03/311189937
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[
Oregon
]
Governor orders review of Oregon energy tax credits
Posted by: Lisa on November 17, 2009 2:47:02 PM
Gov. Ted Kulongoski ordered a hurry-up review Tuesday of Oregon's incentives for renewable energy companies in the face of ongoing criticism of the tax breaks. ...The governor's request comes on the heels of an investigation by The Oregonian that revealed state officials downplayed the estimated cost of the incentives before they were expanded by the 2007 Legislature at Kulongoski's urging.
Note : http://www.oregonlive.com/politics/index.ssf/2009/11/governor_orders_review_of_ener.html
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[
Wyoming
]
Wind tax talk whips up debate
Posted by: Lisa on November 17, 2009 10:32:22 AM
Wyoming lawmakers will soon take up the thorny issue of whether to impose new taxes on wind energy development, a proposal that developers say could stunt the fledgling industry's growth in Wyoming.
Supporters of a new tax say it's only fair for wind projects to contribute to state and local governments equal to other energy industries. Opponents say Wyoming taxes are already high compared to surrounding states and any new tax would be premature.
The Joint Revenue Committee will consider two proposals to tax wind electricity generation at a Wednesday meeting in Cheyenne.
Note : http://www.trib.com/news/state-and-regional/article_8508cf2b-fc0f-5b67-9022-1099804cc89e.html
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[
New York
]
Galloo Wind Farm PILOT gives more to town
Posted by: Lisa on November 13, 2009 8:53:57 AM
The payment-in-lieu-of-taxes agreement for the proposed Galloo Island Wind Farm would take some money that normally would go to the school district and give it to the town.
The PILOT would send 50 percent to Sackets Harbor Central School District, 15 percent to the town of Hounsfield and 35 percent to Jefferson County. The three are splitting a $2.14 million pie, which will increase 2.5 percent each year for 20 years.
Note : http://www.watertowndailytimes.com/article/20091113/NEWS03/311139932/-1/news
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[
Minnesota
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Counties deal with tax issues on turbines
Posted by: Lisa on November 11, 2009 10:55:45 AM
This is the first in a series of stories about wind turbines and their impact on the rural landscape. Future articles will look at projects coming to Nobles and Jackson counties and the impact wind farms have on our region's transportation system. A couple of years ago, Murray County collected more than $1 million in production tax revenue from the wind turbines that span the horizon along the Buffalo Ridge.
Note : http://www.dglobe.com/event/article/id/29504/
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[
New York
]
Developer windfall: $23 million
Posted by: Lisa on November 11, 2009 1:01:32 AM
The proposed Galloo Island Wind Farm is ready to agree to spend more than $2 million per year as part of a payment-in-lieu-of-taxes agreement, but it stands to save nearly $23 million in other tax abatements.
Officials from the town of Hounsfield, Sackets Harbor Central School District and Jefferson County are firming up their division of a property tax PILOT, which will generate $2.14 million per year.
Note : http://www.watertowndailytimes.com/article/20091111/NEWS03/311119975
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[
New York
]
PILOT plans draw outsider comments
Posted by: Lisa on November 10, 2009 11:40:31 AM
A handful of people from outside Hounsfield commented on the proposed Galloo Island Wind Farm payment-in-lieu-of-taxes agreement Monday night.
The PILOT considered at the hearing, held by the Jefferson County Industrial Development Agency, only covers the 84 turbines and ancillary structures on the island and the underwater transmission line in Hounsfield. There will be PILOT negotiations and a public hearing sometime in the future for the part of the 50.6-mile transmission line that runs from Henderson to the town of Mexico.
Note : http://www.watertowndailytimes.com/article/20091110/NEWS03/311109946
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[
Energy Policy
| UK
]
Future of wind farms in doubt
Posted by: Lisa on November 08, 2009 8:18:43 AM
Britain's biggest developer of offshore wind farms has hired Rothschild to sell stakes in its projects because it cannot afford to build them.
The move by Dong Energy, the Danish power giant, casts fresh doubt on the government's carbon-reduction plans just six months after it ramped up subsidies to keep the offshore wind sector afloat. ..."The issue is that these projects require enormous amounts of capital and it's getting very difficult to justify," said an industry source. "The enthusiasm there once was has diminished."
Note : http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6907967.ece
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[
USA
| Texas
]
Bar funds for China-backed wind farm, Senator says
Posted by: Lisa on November 06, 2009 7:32:32 AM
The Obama administration should bar a $1.5 billion wind-farm project in Texas from receiving U.S. government stimulus funds because most of the power turbines would be made in China, Senator Charles Schumer said.
"The idea that stimulus funds would be used to create jobs overseas is quite troubling," Schumer, a New York Democrat, wrote in a draft of a letter he said yesterday he would send to U.S. Energy Secretary Steven Chu. ...Schumer said he would pursue legislation if necessary to prevent stimulus funds from being used for the Texas project.
Note : http://news.yahoo.com/s/bloomberg/20091106/pl_bloomberg/a3sgcd6uujn8_1
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[
USA
| Texas
]
Senator: No fed money for US-China wind project
Posted by: Lisa on November 05, 2009 1:29:46 PM
A Democratic senator is calling on the Obama administration to reject an expected request for federal economic stimulus money as part of a $1.5 billion West Texas wind energy project because he says it will generate Chinese, not American, jobs.
The U.S.-China venture, announced last week, would erect 240 huge Chinese-manufactured wind turbines on 36,000 acres in West Texas, with the Export-Import Bank of China committed to handle most of the financing.
Note : http://www.washingtonpost.com/wp-dyn/content/article/2009/11/05/AR2009110501245.html
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[
USA
| Texas
| Asia
]
Jobs question jeopardizes wind farm's stimulus deal
Posted by: Lisa on November 04, 2009 9:36:26 PM
News that $450 million in federal stimulus money might go toward installing Chinese-made wind turbines in Texas prompted criticism on Thursday, with Senator Charles E. Schumer, Democrat of New York, calling on the Obama administration to deny federal financing.
According to partners in the deal, the proposed 600-megawatt wind farm, announced late last week, would be built on 36,000 acres in West Texas using 240 wind turbines manufactured by A-Power Energy Generation Systems of Shenyang, China.
Note : http://www.nytimes.com/2009/11/06/business/energy-environment/06wind.html
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[
Impact on Economy
| Oregon
]
State lowballed cost of green tax breaks
Posted by: Lisa on October 31, 2009 9:00:19 AM
State officials deliberately underestimated the cost of Gov. Ted Kulongoski's plan to lure green energy companies to Oregon with big taxpayer subsidies, resulting in a program that cost 40 times more than unsuspecting lawmakers were told, an investigation by The Oregonian shows.
Records also show that the program, a favorite of Kulongoski's known as the Business Energy Tax Credit, has given millions of dollars to failed companies while voters are being asked to raise income taxes because the state budget doesn't have enough to pay for schools and other programs.
Note : http://www.oregonlive.com/news/index.ssf/2009/10/state_lowballed_cost_of_green.html
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[
Energy Policy
| Germany
]
Germany's renewable myth
Posted by: Lisa on October 22, 2009 11:36:02 AM
There are much cheaper ways to reduce carbon dioxide emissions than subsidizing renewable energies. CO2 abatement costs of PV are estimated to be as high as $1,050 per ton, while those of wind power are estimated at $80 per ton. By contrast, the current price of emissions certificates on the European emissions trading scheme is only 13.4 (Euro) per ton. ...Moreover, the prevailing coexistence of the EEG and emissions trading under the European Trading Scheme (ETS) means that the increased use of renewable energy technologies generally attains no additional emission reductions beyond those achieved by ETS alone.
Note : http://network.nationalpost.com/np/blogs/fpcomment/archive/2009/10/21/germany-s-renewable-myth.aspx
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Impact on Economy
| Illinois
| Kentucky
]
PSC rejects wind surcharge
Posted by: Lisa on October 21, 2009 12:44:00 AM
KU and sister company Louisville Gas and Electric Co. plan to purchase wind power from the breezy prairie of northern Illinois to help meet what they expect will be federal requirements to increase their use of renewable energy.
Last month, they asked the Kentucky Public Service Commission for permission to add a "renewable resource clause" to customer bills so they can recover the costs of the pricier wind power and transmission.
Note : http://www.courierpress.com/news/2009/oct/21/psc-rejects-wind-surcharge/?partner=yahoo_headlines
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[
Impact on Economy
| Rhode Island
]
With little precedent, cost of wind power up in the air
Posted by: Lisa on October 17, 2009 8:16:42 AM
The main point of contention in the contract talks between National Grid and Deepwater Wind is the price of electricity generated by the proposed wind farm off Block Island.
Deepwater has quoted a price of between 20 and 25 cents per kilowatt-hour. National Grid has calculated the cost, with adjustments over time, to be closer to 30.7 cents per kilowatt hour. Either price is much higher than the 9.2 cents per kilowatt-hour that National Grid pays for power mainly from natural gas plants. So far, the utility has refused to pay the higher cost for wind energy, saying it's simply too much.
Note : http://www.projo.com/news/content/DEEPWATER_WIND_PRICING_10-17-09_BNG49IH_v8.38afd11.html
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[
Wyoming
]
Wind developers fear new taxes
Posted by: Lisa on October 12, 2009 11:11:12 AM
Wind developers are bracing against draft legislation that would impose a tax on the generation of wind energy in the state ...Rather than creating a tax specifically on wind energy, lawmakers are considering a tax on all electrical generation, then providing tax credits or exemptions to all other forms of generation but wind. The purpose for this strategy is to fit within the state's constitution, which prohibits singling out a particular industry for exclusive taxation.
Note : http://billingsgazette.com/news/state-and-regional/wyoming/article_5ff9f584-b7b7-11de-b5e5-001cc4c03286.html
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[
Maine
]
Finger pointing, fisticuffs (almost) and few answers at Freedom tax forum
Posted by: Lisa on October 05, 2009 12:30:45 PM
Freedom residents wondering how their taxes could have gone up this year despite a new $10 million wind development crowded into the Dirigo Grange Hall Sept. 30 expecting to have questions answered by an official from the Property Tax Division of the Maine Revenue Service. But the official never turned up, and the meeting that followed was fraught with speculation, suspicion and accusations, mostly to do with the wind turbines.
Note : http://waldo.villagesoup.com/Government/story.cfm?storyID=178160
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[
Impact on Economy
]
Green investment plunges worldwide
Posted by: Lisa on October 02, 2009 5:57:33 PM
New global investment in clean-energy companies fell 22 percent in the third quarter as government financing was offset by tight credit markets, according to new research released Friday.
From July to September, new global investment totaled $25.9 billion, down 22 percent from a year ago and off 9 percent from the second quarter, according to London-based New Energy Finance, a global research firm.
Note : http://money.aol.com/article/green-investment-plunges-worldwide/700632
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[
General
| New York
]
IDA speeds up Galloo wind farm deal
Posted by: Lisa on October 02, 2009 4:41:13 PM
To meet a developer's request for speed, the Jefferson County Industrial Development Agency will begin laying out a property tax relief program for the proposed Galloo Island Wind Farm.
While the payment-in-lieu-of-taxes agreement will follow the formula developed for a uniform tax-exempt policy, JCIDA will not seek approval of the uniform policy now. That would require all affected taxing jurisdictions from the four proposed wind projects to sign on, which officials believe would take too long.
Note : http://www.watertowndailytimes.com/article/20091002/NEWS03/310029964
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