BOSTON – A study released today by the Beacon Hill Institute at Suffolk University finds that a proposed wind energy plant for Nantucket Sound would confer above-average profits on its developer thanks to hundreds of millions of dollars in public subsidies. Editor's Note: The complete study is available via the link below.
Articles filed under Taxes & Subsidies from Massachusetts
If Cambridge takes advantage of a grant program that rewards municipalities for using green energy, it could more than double the amount of renewable energy it's able to purchase.
FLORIDA — Voters authorized the town to negotiate a payment in lieu of taxes with PPM Energy, which has permits to build 20 wind turbines on Bakke Mountain and Crum Hill here and in Monroe.
Westborough, Massachusetts [RenewableEnergyAccess.com] Evolution Markets LLC completed an auction of renewable energy certificates (RECs) for the Massachusetts Technology Collaborative (MTC), a public economic-development agency that manages the state's Renewable Energy Trust, for an average price of $53.10 [per MWh].
The yearly financial benefit to the town would be at least $100,000 between a payment in lieu of taxes (PILOT), electricity cost savings at the iron and manganese plant and a mechanism that ensures the PILOT and cost savings equal to no less than $100,000.
FLORIDA — A tax agreement between PPM Energy and the towns of Florida and Monroe could prevent costly disputes about the land used for Hoosac Wind LLC, a proposal for 20 wind turbines on Bakke Mountain and Crum Hill.
Environmentalists have been promising for more than three decades that wind energy would be competitive if there was a "level playing field," but it survives only because the field has been tilted in its favor.