Articles filed under Taxes & Subsidies from Europe
Renewable energy trade bodies have hit out at UK Government policy, as new data suggests that onshore windfarm numbers are set to plummet over the next four years. New numbers provided by GlobalData on the wind turbine foundations market point directly to a drop off by more than half of new wind farms being built from 2018 to 2022.
GERMANY: This year's fourth and final onshore wind tender will take place on 1 October, the federal network agency has announced.
A record £3.1million was paid to wind farms in the space of one day for switching off turbines when it became too windy. The compensatory sum was handed to operators on Saturday because electricity supply outstripped demand.
According to the REF, £9.4m was paid out in constraint payments in June when the interconnector was not working. A recent posting on the Western Link website said: “cable fault was detected which caused the Link to trip”. Later the website was updated to say that it was expected it would be back in operation at full capacity in September.
Beginning in 2019, Norway’s water resources and energy directorate (NVE) wants firms benefiting from grid additions to pay up to half the investment cost, often a major sum in remote regions seeking to attract industry and jobs.
Public opposition to wind farms has long delayed the projects, and since then prices for international offshore wind power have more than halved. French energy regulator CRE has said the projects were too costly, with planned subsidies adding up to nearly 41 billion euros ($47.5 billion).
The wholesale costs of power make up only about a fifth of the average household electricity bill in Germany. The rest is a stew of taxes, fees to finance renewable-energy investments and charges for use of the grid. That means their bills are lower than they otherwise would be, because power prices are sometimes negative, but utilities are not depositing money in customers’ bank accounts.
Companies hoping to build new windfarms, solar plants and tidal lagoons, have been dealt a blow after the government said there would be no new subsidies for clean power projects until 2025 at the earliest.
Sixty nine wind farms were paid to stop transmitting in last weekend of October. Payments have risen from £200,000 in 2010 to £85.4million in 2016. National Grid compensates energy providers if it asks them to switch off to prevent the grid becoming overloaded.
The Danish wind turbine giant could run out of puff as a result of a new Republican tax proposal.
Wind power is the most important building block for the energy transition, but the phasing out of subsidies threatens countless wind turbines. In three years, a large part of the network could be taken out of service.
Move over, Ponzi; forget Bernie Madoff; ignore Enron; and dismiss collateralised debt obligations associated with subprime mortgages. Without a doubt, the biggest scam perpetrated against taxpayers and consumers is renewable energy. And if you think this scam is just an Australian phenomenon, think again. With very few exceptions, governments all over the world have fallen into the trap of paying renewable energy scammers on the basis that it is necessary, at least politically, to be seen to be doing something about climate change.
Producers blame the decline on a loophole in a new law which seeks to minimize the amount of subsidy for new wind projects. New projects are approved in an auction with the lowest bidder getting the nod – at least theoretically. But lawmakers carved out special rules for the so-called “citizens’ energy companies” – cooperative-like entities that allow local communities to own new facilities.
Poland’s struggling renewable sector could collapse over “unpredictable” government moves
The statistics from Denmark's statistics are scary: In 2016, Danish households paid an average of 17,700 DKK (2,714 US$) in so-called "green" taxes or a total of 47 billion. kr. (7 billion US$)
Renewables producers will have to repay any financial support received in addition to the feed-in tariff to the national electricity system, according to a decree published by the industry ministry.
The move was announced as part of Theresa May's new industrial strategy; She said green subsidies should be slashed to help steel plants compete abroad
The Court of Appeal recently upheld the government’s right to cancel the Climate Change Levy (CCL) exemption for renewable generators. In effect this is a retrospective removal of subsidy entitlement, and should remind investors that even a seemingly secure economic rent will collapse when push comes to shove.
Oil and gas entrepreneur Algy Cluff has said the Government could provide a multi-billion pound boost to the hard-pressed North Sea industry by cutting the subsidies provided for offshore wind farms.