Articles filed under Taxes & Subsidies from USA

Wind energy researcher: Don’t extend deadline for wind projects

“Big wind does not have a COVID problem. It has a mismanagement problem,” Linowes told Texas Business Coalition. “Before the March 14 COVID shutdown, the industry was already reporting that 9,000 megawatts of 2016 safe-harbored turbines were expected to spill into 2021. This 9,000 megawatt spillover has nothing to do with COVID and everything to do with mismanaging delivery and construction timelines. Developers and (Iowa Sen. Charles) Grassley are shamelessly demanding taxpayers assume the price tag of their mismanagement. Such behavior should not be rewarded at our expense.”
26 Apr 2020

As Americans sicken and die, the wind and solar industries aim to capitalize on COVID-19

At the top of the list of craven business interests that angled for federal preferment was the wind and solar industries. Those who follow the news will remember that congressional Democrats, serving their green energy masters, worked hard to include language in the third (and biggest) coronavirus relief bill aimed at advancing key elements of the Green New Deal. ...When Americans began asking the obvious question — what does a pandemic and a recession have to do with carbon emissions? — the Democrats backed down. Now, they're back, salivating at the prospect of a fourth stimulus bill.
10 Apr 2020

Coronavirus unnerves US wind market during record year for construction

After a decade of dramatic ups and downs, 2020 was supposed to be a peak year for U.S. wind farm construction. Instead, with the coronavirus pandemic rattling supply chains and thinning workforces, things could get messy for an industry that should be taking a victory lap. Developers are poring over force majeure provisions in their contracts. Investors are nervous. Without political relief, projects could get canceled outright, industry figures say — and relief in Washington, D.C. looks anything but certain.
7 Apr 2020

COVID-19 threatens tax credits for billions in sun, wind energy projects

“We’re thankful that Congress rolled out the Phase Three relief program because the nation’s economy needs strong action to respond to the COVID-19 pandemic,” Kiernan said. “It’s unfortunate that we weren’t included in the package, and we’re beginning the process of reiterating our ask to be included in the Phase Four bill that will likely be drafted.”
6 Apr 2020

What the renewables industry wants from the next stimulus bill

Instead, they’re focusing on two key concepts. The first is extending "safe-harbor" deadlines for receiving the credits that may be thrown off track by the pandemic’s economic disruptions. The safe-harbor fix could potentially be made by the Treasury Department, without a need for congressional action. The second is allowing renewable projects to receive some of their tax credit value back as refundable credits or via "direct pay" provisions.
2 Apr 2020

Why Dems are so bent on passing wind amid corona crisis

That Congressional Democrats would push so hard for solar and wind subsidies at such a critical time for the US economy is particularly galling for two reasons. First, the wind industry already stands to collect some $33.75 billion in subsidies between now and 2029. Second, wind-energy development in some of the most-heavily Democratic states in the country — Hawaii, California, New York and Vermont — has been effectively stopped due to local opposition.
27 Mar 2020

Energy, enviro interests regroup for next coronavirus bill

Environmentalists and clean energy industry groups were largely left out of the massive coronavirus stimulus bill that passed the Senate yesterday, but they're holding out hope Congress will heed their calls for help in future relief bills. The contours of how the next phase of COVID-19 aid will play out are unclear, with staff exhausted from days of negotiations and many lawmakers already uneasy about gathering again in Washington to vote on legislation.
26 Mar 2020

Coronavirus spurs 'domino effect' of wind, solar delays

Girolami said the slowdown will ripple through to power purchase agreements. Without turbines, builders can't build, and that means utilities partnering on PPAs with developers like the ones Girolami represents could miss their project schedules. He said that colleagues representing clients in the solar sector are reporting similar problems.
10 Mar 2020

Sweeping Senate energy bill could come to a vote this week

The bill also doesn’t include any extension of investment tax credits for solar power or federal tax credits for electric vehicles that were left out of the $1.37 trillion spending bill passed by Congress in December. Senate Minority Leader Charles E. Schumer, D-New York, plans to seek amendments to the new Senate energy bill to extend these tax credits as well as push for more stringent building codes, The Washington Post reported Monday. Efficiency groups are also decrying the bill’s absence of a provision to allow homeowners to qualify for larger mortgages for more energy-efficient homes. 
2 Mar 2020

A $1 billion solar plant was obsolete before it ever went online

SolarReserve doesn’t rank among the winners. Instead, it’s mired in litigation and accusations of mismanagement at Crescent Dunes, where taxpayers remain on the hook for $737 million in loan guarantees. Late last year, Crescent Dunes lost its only customer, NV Energy Inc., which cited the plant’s lack of reliability. It’s a victim, ironically, of the solar industry’s success over the past decade. 
6 Jan 2020

A $1 billion solar plant was obsolete before it ever went online

SolarReserve doesn’t rank among the winners. Instead, it’s mired in litigation and accusations of mismanagement at Crescent Dunes, where taxpayers remain on the hook for $737 million in loan guarantees. Late last year, Crescent Dunes lost its only customer, NV Energy Inc., which cited the plant’s lack of reliability. It’s a victim, ironically, of the solar industry’s success over the past decade. 
6 Jan 2020

Port: I thought the wind industry didn't need subsidies any more?

The wind energy companies argue that the construction is being driven by the markets and demand. A more likely explanation is that there was a rush to build these projects in order to capitalize on a subsidy which was set to expire last year. Wind companies had to break ground on their projects before the end of the year to get in on it. I call it a bubble because that's what inevitably happens when the government creates artificial demand for something with a subsidy. We should build wind farms because they make sense for our energy grid, not to harvest tax dollars.
2 Jan 2020

http://www.windaction.org/posts?location=USA&p=2&topic=Taxes+%26+Subsidies&type=Article
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