Library filed under Taxes & Subsidies from Europe

Leading Scottish wind firm under fire over alleged tax avoidance

One of Scotland’s leading wind power companies has come under attack for allegedly avoiding millions of pounds of tax by being owned in the Cayman Islands. Ventient Energy, which operates 13 wind farms in Scotland and is headquartered in Edinburgh, is a subsidiary of a company registered in Luxembourg. That company is in turn owned by a firm in the Caymans, a new report has revealed. ...Ventient is also closely tied to the biggest US bank, JP Morgan Chase. It is seen by some as the bank’s “European renewable energy platform”.
23 Nov 2020

“We are heading for a disaster” - Lower Saxony warns of the end of wind power subsidies

Berlin Olaf Lies expects the worst. Lower Saxony's energy and environment minister, together with the consulting firm Windguard, had the experts at his company determine the extent to which wind farms could go offline in the coming years because the subsidies for the systems according to the Renewable Energy Sources Act (EEG) will end. From the point of view of the SPD politician, the results are alarming: "We are heading for a catastrophe," Lies told the Handelsblatt.
22 Aug 2020

Six-hour negative pricing rule damaging offshore wind revenues

Prices often drop below zero when there is excess wind and solar generation in the market, but fossil and nuclear power plants fail to throttle their output even though their generation costs are higher and renewables have priority grid access. This may be because a complete shutdown of conventional generation plants followed by a restart would cost operators more than continuing production at negative prices, or continued operation is required to supply district heating.
30 Apr 2020

Six-hour negative pricing rule damaging offshore wind revenues

Prices often drop below zero when there is excess wind and solar generation in the market, but fossil and nuclear power plants fail to throttle their output even though their generation costs are higher and renewables have priority grid access. This may be because a complete shutdown of conventional generation plants followed by a restart would cost operators more than continuing production at negative prices, or continued operation is required to supply district heating.
30 Apr 2020

The Government's murky wind subsidies revival is a costly blunder

In the world of renewable energy nothing is what it seems. “Environmentally friendly” turns out to be devastating to the natural world. “Cheap” is expensive. “Local support” is found to be at a distance.  “Sustainable” is, strange to say, short lived and unaffordable. A “contract” is non-binding. “Secure” is actually unreliable. Love is hate, black is white, and “Green” is a murky shade of brown. So we should not be surprised when we are simultaneously told, as we were yesterday by government, that onshore wind is now so cost competitive it should be allowed to apply for subsidies again.
3 Mar 2020

Wind turbines generate more cash when switched off and Scots customers shouldering £650m blame

So-called 'constraint payments', a sort of compensation, have been paid to energy firms in charge of wind farms, when demand for electricity falls or winds are too strong for turbines to operate. These costs are added to consumers' electricity bills. ...According to the Renewable Energy Foundation, 2018 was a record year for constraint payments, reaching a staggering £124,649,106 - surpassing the total in 2017 of £108,247,860.
17 Jan 2020

SWEDEN: Climate policy spending the worst waste of 2019!

Allocations to climate policy have more than doubled in recent years, while emissions have basically ceased to decrease. In the government's budget for 2020, 12.6 billion is allocated for climate policy, compared with 5.2 billion in 2014. But despite this, emissions no longer decrease. Last year, emissions increased even marginally.
9 Jan 2020

Germany climate package 'lacking in courage and power'

Onshore wind continues to be held back by the insistence of chancellor Angela Merkel's CDU party on fixing the minimum distance between wind turbines and residential housing at 1,000 metres. This move will "massively cut back the area available for wind energy", said the BEE. "It will throw regional and federal state planning [for wind energy] into chaos and endanger the whole wind sector," said Hermann Albers, president of BWE, the federal wind energy association.
20 Sep 2019

Researchers saw electricity support - customers are blown to SEK 100 billion ($10 Billion)

In addition to being inefficient and hitting hard on electricity consumers, it cannot be ruled out that the electricity certificate system has contributed to knocking out other fossil-free electricity generation, namely a number of nuclear power reactors, which damages the electricity supply. This subsidy is only a free lunch for some shareholders and should be abolished, says chief economist Jacob Lundberg to DI.
28 Aug 2019

http://www.windaction.org/posts?location=Europe&topic=Taxes+%26+Subsidies
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