Articles filed under Taxes & Subsidies from Europe
The Spanish Supreme Court has dealt a new blow to renewable energy producers. In a ruling, the court backed the 2014 government decree that resulted in cuts of nearly €1.7 billion in subsidies for the sector.
The Low Carbon Contracts Company (LCCC) had sent a notice to the developer, Mainstream Renewable Power, effectively withdrawing the subsidy. Mainstream Renewable Power has taken legal action over the notice and said it “strongly disputed the validity of the termination notice”.
Plans for a huge wind farm in the outer Forth estuary are in doubt after the project hit a series of delays and lost a vital subsidy deal. The Neart na Gaoithe wind farm is the subject of a legal challenge by RSPB Scotland, which argues the scheme is an unacceptable threat to seabirds.
Opposition peers sought to extend the government's grace period criteria until 31 March 2017 for wind farms that had secured planning permission before 18 June 2015 and issued legal agreements by 18 September 2015. But a final vote on the amendment was defeated by 204 votes to 109, and the amendment was subsequently withdrawn.
Denmark will scrap the “expensive and ineffective” tariff that has been financing renewable energy development since 1998, the government has announced. ...“The PSO tariff is expensive and ineffective. We have long believed that the rising costs are unsustainable and now it is abundantly clear that we have to find an alternative. Therefore the government is ready for a showdown over the PSO levy.”
Opposition peers successfully argued for an amendment to the bill, tabled by Liberal Democrat Baroness Kate Parminter, that would extend the grace period for projects that command local support and were at an advanced stage of development.
It is not possible to lie to the people forever about whether wind turbines can compete on equal footing with other forms of energy when the reality is that wind power - for the first 40 years of development - and forever after, will require billions in direct and indirect support.
The Danish Minister of climate and energy, Lars Christian Lilleholt, is talking about creating peace on the energy agreement from 2012, but he's also discussing saving 5 billion Danish kroner in green taxes by dropping wind farms already agreed upon. The savings delighted the Energy minister but the wind industry is seeing red.
This short story has been written to counter the shameless wind propaganda that is allowed into our schools to influence young minds with no effort to show the other side.
Norway's energy ministry said profitability of renewables had been under pressure in recent years due to an energy surplus in the country. The proposals could make Norway "the first country in Europe to abolish all forms of renewable subsidies", said NORWEA CEO Oyvind Isachsen.
The increase in subsidised renewable energy in the Nordic countries, however, pushed electricity prices to 15-year lows in 2015, hurting producers, such as Norway's Statkraft or Sweden's Vattenfall. Norway produced 15 TWh of electricity more than it consumed in 2015, while the total surplus in the four Nordic countries stood at 16 TWh.
The idea to end the renewables obligation (RO) early is a key part of the Bill, which has been backed by MPs and also seeks to give people the final say on new onshore wind development applications in their area.
There are signs of green economic turmoil everywhere
The idea to end the renewables obligation (RO) early is included within the Energy Bill, which received an unopposed third reading from MPs and will return to the Lords for further scrutiny. ...Alongside changes to subsidies, the Bill also seeks to give people the final say on new onshore wind development applications in their area.
Ministers last night faced fresh accusations of reneging on their manifesto commitment, which made no mention of any exemption for Scottish islands and simply vowed to “halt the spread of onshore windfarms” and to “end any new public subsidy for them”.
Conservative MP and former Environment Secretary Owen Paterson said: “There is no place for subsidising wind – a failed medieval technology which during the coldest day of the year so far produced only 0.75 per cent of the electricity load.” A spokesman for the Department of Energy and Climate Change said: “To be absolutely clear, there is no change whatsoever to our commitment to end new onshore wind subsidies.”
Spain, the U.K., Italy and others have cut incentives for renewable-energy projects, citing efforts to reduce government spending and electricity rates during a period of economic turmoil. In turn, the number of new projects receiving approval has fallen as investors turn away from an industry that offered the assurance of steady, government-backed profits.
Strong wind conditions in the early hours of Monday and Tuesday morning threatened to overwhelm the grid with more subsidised power than needed, forcing National Grid to offer lucrative payouts of between £58 and £115 per MWh to turn the turbines off.
Any visitor to our picturesque countryside around Yorkshire can see for themselves that we have taken more than our fair share of wind turbines. I have first-hand experience of fighting plans for entirely inappropriate wind farms around York. Every single time it was the developers who were trying to impose their turbines on local communities who simply did not want them.
The Government’s original Energy Bill set out provisions to get rid of the subsidies from April of this year - a year earlier than planned. However, that element of the proposed legislation was successfully scrapped by peers. But introducing the Bill for its second reading in the House of Commons, the Energy Secretary said it will be put back in.