Library filed under Taxes & Subsidies from USA

Wind industry betting on PTC extension

If developers are betting wrong, they will have to mothball projects, Stephens added. But if they do not take the gamble, then "you lose out on all the upside that other people who planned for a better environment can execute on." That calculation illustrates the pressure industry lobbyists are under to win over lawmakers who have started challenging tax policy.
16 Oct 2015

Texas wind power growth could slow after 2016

Steve DeWolf founded Wind Tex Energy in Dallas and developed several wind farm projects over the years ..."Given the lack of cooperation in Congress and the crazies on both sides, I don't know if the PTC is going to get passed," DeWolf said. "And a lot of the best sites in Texas are taken, and then you have the competition from low natural gas prices."
9 Oct 2015

Texas wind power growth could slow after 2016

Steve DeWolf founded Wind Tex Energy in Dallas and developed several wind farm projects over the years ..."Given the lack of cooperation in Congress and the crazies on both sides, I don't know if the PTC is going to get passed," DeWolf said. "And a lot of the best sites in Texas are taken, and then you have the competition from low natural gas prices."
9 Oct 2015

New Senate bill aims to axe wind PTC

Lankford argues the wind power sector is a “self-sustainable, multi-billion dollar industry” and “no longer needs the support” of the PTC. The Senator also says a two-year extension of the PTC would cost $10.5 billion over the next 10 years, “and nearly all of the funding is attributable to the wind industry.”
9 Oct 2015

Bill introduced to end wind tax credit

A senator from the windswept state of Oklahoma wants to remove a tax credit for wind energy from the tax code. ...Lankford contends the tax credit has outlived its usefulness and is a redundancy since 37 states already provide incentives for wind energy production. He said wind generation has grown 5,000 percent since the tax credit was instituted in 1992.
8 Oct 2015

Bill introduced to end wind tax credit

A senator from the windswept state of Oklahoma wants to remove a tax credit for wind energy from the tax code. ...Lankford contends the tax credit has outlived its usefulness and is a redundancy since 37 states already provide incentives for wind energy production. He said wind generation has grown 5,000 percent since the tax credit was instituted in 1992.
8 Oct 2015

JCIDA proposal described as ‘workaround’ to get tax break OK’d for Galloo Island wind project

IDA board member Scott A. Gray, a county legislator representing District 13 who is a member of the IDA board of directors, said he believes the IDA’s attempt to exclude taxing jurisdictions from the PILOT approval process for renewable energy projects was motivated directly by the Galloo Island wind project. He contended the move is designed to ensure that the county Board of Legislators doesn’t have the chance to reject a proposed PILOT for the project.
8 Oct 2015

Oklahoma senator plans to introduce bill to eliminate federal wind incentive

U.S. Sen. James Lankford, R-Oklahoma City, plans to introduce legislation Wednesday to eliminate the federal wind energy incentive from the tax code. ...Lankford said he didn't support extending the wind production tax credit. His legislation would take it out of the tax code altogether. That would stop it being included in future packages of tax extenders, a grab-bag of incentives that typically gains passage because it includes popular tax credits and the pet tax credits of some lawmakers. 
7 Oct 2015

US Senate Democrats unveil energy bill that restores PTC and extends ITC

The legislation is “dead on arrival,” in part because the Democrats no longer have a majority in the Senate, said Rob Barnett, a policy analyst at Bloomberg Intelligence in Washington. “This is a position paper,” Barnett said in an interview. “If Democrats win big in 2016 — win the White House, win back Congress — this is something they’d like to do.”
23 Sep 2015

Lobbying blitz begins on wind tax credit

Competing energy advocates are ramping up a messaging war over one of the biggest and oldest tax credits for renewable energy — wind. The lobbying blitz is aimed at a package of expiring tax provisions that Congress is likely to renew by the end of the year.
17 Sep 2015

Wind tax credit not best use of the money

Presently wind energy developers are free to build wind farms in Nebraska after going through the Power Review Board process. The push for wind tax credits is powered by greed and fueled by money from special interest lobbyists (the lobbyist cartoon under the wind-tax editorial was very apt). Developers want the taxpayers, through tax credits, to pay for 25 percent  of the estimated $2.5 million cost of each wind turbine, thus guaranteeing the investors an immediate profit.
17 Sep 2015

Groups pressure GOP to end wind subsidies

"For years, this committee has touted the economic benefits of reforming and condensing our bloated tax system," the letter stated. "The economic benefits of ending the wind (tax credit) are apparent, as wind energy raises electricity costs compared to existing resources."
16 Sep 2015

GOP budget compromise drops N.C. renewable energy tax credit

A compromise budget reached by Republicans in the state House and Senate, set to be announced Monday afternoon, will not include any provision to extend the credit or allow it to be reduced in steps over the next two years, sources say. It appears that a tax credit supporting renewable energy in North Carolina will be allowed to expire.
15 Sep 2015

N.C. killing tax credits, but mandates for renewable power remain

The big news yesterday was that Republicans included no version of an extension of North Carolina’s 35% renewable energy tax credit in the budget compromise worked out by the Senate and House leadership. It will end, effectively, Dec. 31. But with the budget document finally available after months of delay, it seems clear that the leadership has dropped plans to freeze the state’s renewable energy portfolio standard.
15 Sep 2015

Wind industry pushes back against PTC opposition

“The public is dizzy trying to follow AWEA’s rhetoric on the PTC." The permanent elimination of the PTC would encourage the wind industry to gain even greater efficiencies to remain competitive and “shift business plans away from those [projects] based on tax avoidance to plans based on energy production — as they should be. American taxpayers, ratepayers and the wind industry would be better served.”
14 Sep 2015

Backers of wind power, solar seek tax credits

Opponents argued that the state shouldn't subsidize wind energy and contended the bill would cut into state revenue by allowing wind farms to sell their tax credits to other profit-making businesses to generate cash. Some criticized the turbines as an eyesore in rural areas and complain about the whooshing and thumping noises made by the spinning blades.
23 Aug 2015

Wind energy gets blown away by shifting patterns in the West

The government's Energy Information Administration detailed the findings earlier this month in a study that showed falling wind energy production in California, Oregon and Washington state — typically known as a bastion for clean energy development. The agency didn't say how the wind energy slump would affect the electric grid, but it did say it could hinder wind farms from taking advantage of a key federal tax subsidy and harm their economic viability. Clean energy companies rely on the subsidy to fund projects. ...Even small changes in wind speed can dramatically reduce electricity output from wind turbines.
20 Aug 2015

Wind energy gets blown away by shifting patterns in the West

The government's Energy Information Administration detailed the findings earlier this month in a study that showed falling wind energy production in California, Oregon and Washington state — typically known as a bastion for clean energy development. The agency didn't say how the wind energy slump would affect the electric grid, but it did say it could hinder wind farms from taking advantage of a key federal tax subsidy and harm their economic viability. Clean energy companies rely on the subsidy to fund projects. ...Even small changes in wind speed can dramatically reduce electricity output from wind turbines.
20 Aug 2015

http://www.windaction.org/posts?location=USA&p=21&topic=Taxes+%26+Subsidies
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