AEP's plan to build the largest wind farm in the United States might have been dealt a fatal blow. The Public Utility Commission of Texas voted Thursday to reject the proposed 2,000-megawatt Wind Catcher wind farm, stating that as it is structured now, the project doesn't offer clear enough benefits for rate payers.

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AEP's plan to build the largest wind farm in the United States might have been dealt a fatal blow. The Public Utility Commission of Texas voted Thursday to reject the proposed 2,000-megawatt Wind Catcher wind farm, stating that as it is structured now, the project doesn't offer clear enough benefits for rate payers.

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Offshore-wind developers are pressing the BPU to begin accepting applications before the end of the year, fearing that if the state does not move swiftly, they will not be able to qualify for lucrative federal tax credits. The credits expire at the end of 2019 and developers need to start spending big dollars on their projects before then or they will not qualify for the incentives.

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There’s a growing body of research that highlights the negative effects of tax abatements granted for renewable energy under Texas Tax Code Chapter 312 and 313. Among the effects are the harm to the reliability of the electric grid, the hidden cost to Texans via taxes, and the unfortunate experiences of those who live next to large wind farms.

Taxes & Subsidies Texas

UNITED STATES: More than 30GW of new wind capacity could be installed over the next three years as developers take advantage of the production tax credit (PTC) before it is phased out, according to new analysis.

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Calter said KWI was harmed financially by the changes the town made to the requirements for operation of the turbine, and if willing to pay the back taxes and rent, the deal may be restructured. At Monday night’s Planning Board meeting, the public hearing to discuss revoking site plan approval.

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The payments from Maple Ridge will decline, and the payments from proposed future projects — Number Three, Deer River and Copenhagen — will not come close to matching the revenue from the county’s first wind project. The county should quickly tell Avangrid that its first PILOT will be its last, and that Lewis County won’t continue to subsidize its healthy profits.

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A request to approve a reinvestment zone and an abatement for Peyton Creek Wind Farm was tabled after a lengthy public hearing at the Matagorda County Commissioners Court regular meeting Monday, July 16.

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Garfield County Assessor Carolyn Sanford, County Clerk Lorie Legere and the county Board of Equalization were recently named as defendants in a civil relief case filed by Thunder Ranch Wind Project, LLC. A petition for writ of mandamus and alternative ad valorem tax appeal was filed by Thunder Ranch in Garfield County District Court on Monday. 

Taxes & Subsidies Oklahoma

Taxes & Subsidies Texas

For every dollar of subsidy that coal and nuclear power receive, wind power gets almost $5 and solar receives about $20. This does not even include the biggest subsidy of all: About half the states have renewable energy standards requiring utilities to buy 20 percent to 30 percent of their power from wind and solar, regardless of the price.

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Texas Public Policy Foundation released the paper “Texas Wind Power Story: Part 1 – How Subsidies Drive Texas Wind Power Development,” which shows that the growth of the wind industry in Texas is spurred by, and only viable because of subsidies such as the production tax credit, along with tax breaks at the state and local level. A summary of the paper is provided below. The full paper can be downloaded from the links on this page. 

Taxes & Subsidies Energy Policy USA Texas

Texas Public Policy Foundation released the paper “Texas Wind Power Story: Part 1 – How Subsidies Drive Texas Wind Power Development,” which shows that the growth of the wind industry in Texas is spurred by, and only viable because of subsidies such as the production tax credit, along with tax breaks at the state and local level. A summary of the paper is provided below. The full paper can be downloaded from the links on this page. 

Taxes & Subsidies Energy Policy Texas USA

Corona landowners group argues for larger share because of years of effort to bring in wind turbines

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With nearly 2,200 turbines, the company's wind generation capacity is 4,400 megawatts. It has 27 wind farms across Iowa. The utility declined to say where the new wind turbines would be located. Some rural Iowa residents are opposed to wind farms, saying construction can damage farmland and the turbines disrupt rural living.

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Dive Insight:

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With SB 888 failing to advance Monday, lawmakers committed to ending the wind tax credit refundability could turn their attention to HB 3716, a bill that surfaced Friday. HB 3716 eliminates the refundability but allows companies to retain the credits for 20 years to decrease their Oklahoma tax liabilities.

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Senate Bill 888 would not abolish zero emission tax credits, but would make them no longer refundable. That means wind companies could still use the income tax credits to offset taxes they might owe. However, once that tax liability goes down to zero, they would no longer be able to turn the remaining tax credits back to the Tax Commission and receive 85 cents on the dollar from the state treasury.

Taxes & Subsidies Oklahoma

SB 888 eliminates the refundability of tax credits for renewable energy generation. The state stopped issuing new credits several years ago, and the state is already scheduled to phase out the program altogether by 2027. Zeroing out the refundability feature could save the state as much as $750 million from 2020, when SB 888 takes effect, until 2027, Coody said.

Taxes & Subsidies Oklahoma

What is known so far is that the deal would place a $1 per megawatt hour tax on the production of wind energy, but only for new projects. The proposal also will include what's been dubbed "section nine," a guarantee that the gross production tax will expire if a future Legislature tries to eliminate or cap the industry's incentives.

Taxes & Subsidies Oklahoma