Library filed under Taxes & Subsidies
An Oklahoma House committee Monday defeated a bill designed to save the state $306 million over more than a decade by phasing out the state's zero emissions tax credit for the wind industry beginning at the end of 2017 rather than the end of 2020.
The Low Carbon Contracts Company (LCCC) had sent a notice to the developer, Mainstream Renewable Power, effectively withdrawing the subsidy. Mainstream Renewable Power has taken legal action over the notice and said it “strongly disputed the validity of the termination notice”.
Plans for a huge wind farm in the outer Forth estuary are in doubt after the project hit a series of delays and lost a vital subsidy deal. The Neart na Gaoithe wind farm is the subject of a legal challenge by RSPB Scotland, which argues the scheme is an unacceptable threat to seabirds.
A group of lawmakers, accusing wind farms of “seeking to shut down” the coal industry, drummed up proposals Wednesday to increase taxes on the renewable energy source to raise money for education. ...Sen. Cale Case, R-Lander, disagreed, arguing that wind turbines destroyed viewsheds for up to 200 years, a much longer time than mines and drilling rigs. “With wind, that viewshed is lost forever,” he said. “It is severed.”
Opposition peers sought to extend the government's grace period criteria until 31 March 2017 for wind farms that had secured planning permission before 18 June 2015 and issued legal agreements by 18 September 2015. But a final vote on the amendment was defeated by 204 votes to 109, and the amendment was subsequently withdrawn.
According to the American Wind Energy Association, more than 15,000 MW of new wind is currently under construction or in advanced stages of development. Under the IRS’ loose rules, the number of MWs eligible for the full subsidy could easily double that. Yet, this change was not subject to public input or any type of budget scoring.
Representative Michael Madden is co-chair of the Revenue Committee. He says wind should pay a similar tax rate as coal and gas, even though it is a renewable resource. “I can’t see any fundamental reason to treat one different from another," he said.
The first objection states that the real estate does not qualify as an ERA as defined by Indiana Code. “(Roberts) objects to any designation of the subject 21 square miles of real estate as described in the (county’s) preliminary resolution as an Economic Development Area. ...By law, an economic development area is supposed to be undesirable or impossible to develop for economic growth. The objection states that the area in question is “some of the most valuable and productive farmland in Henry County ....”
Denmark will scrap the “expensive and ineffective” tariff that has been financing renewable energy development since 1998, the government has announced. ...“The PSO tariff is expensive and ineffective. We have long believed that the rising costs are unsustainable and now it is abundantly clear that we have to find an alternative. Therefore the government is ready for a showdown over the PSO levy.”
In fact, wind and solar “farms” have become troublesome “gridmonsters”. They are uncontrollable, cruel and unreasonably costly. Gridmonsters have a licence not only to kill, but also to bill. Enabled by Ontario’s Green Energy Act , they drive up electricity prices while ravaging rural neighbourhoods and wildlife.
Thus, the 30-year average tax revenue benefit to the Sanborn Central School District would be a meager $7,600 per year. They currently receive $4,877 per student from the state, meaning that tax revenue equates to a mere 1.6 students over the life of the project. If we have one young family move from Sanborn County, not wanting to live in the shadows of these behemoths, it would more than wipe out the supposed tax benefit.
Oklahoma is in a budget crisis, and citizens' tax dollars are headed overseas in the form of breaks for the wind industry.
Some 4850 megawatts of wind farms and solar power plants need to be installed to meet the deadline, with most expected to be built in NSW, Queensland and Victoria, the research firm found. It calculates that though $340 million of investment has been committed to new projects, another $10 billion is needed.
Schlomach adds that wind energy is thought to have many benefits; however, in reality, the perceived benefits are an economic waste.
As these overly generous subsidies are being called into question, the only leg the wind industry is purportedly standing on is that it is helping local schools. This could not be a more disingenuous argument. According to the wind industry's own research, state reimbursements — not wind companies — are responsible for the vast majority of “wind industry payments” to schools.
“I tried to negotiate in good faith with Democrats to reach a compromise that would not add to the burden of ratepayers,” LePage wrote. “I requested that the bill include all renewables, return all renewable energy credits (RECs) to ratepayers and have a cap on the price we pay in long-term contracts. We could not reach an agreement. They are not serious about reducing the price of energy for Maine families or job creators.”
Opposition peers successfully argued for an amendment to the bill, tabled by Liberal Democrat Baroness Kate Parminter, that would extend the grace period for projects that command local support and were at an advanced stage of development.
It is not possible to lie to the people forever about whether wind turbines can compete on equal footing with other forms of energy when the reality is that wind power - for the first 40 years of development - and forever after, will require billions in direct and indirect support.
The Danish Minister of climate and energy, Lars Christian Lilleholt, is talking about creating peace on the energy agreement from 2012, but he's also discussing saving 5 billion Danish kroner in green taxes by dropping wind farms already agreed upon. The savings delighted the Energy minister but the wind industry is seeing red.
Hot air still rules on Capitol Hill, where senators voted Tuesday to restore millions of dollars in taxpayer subsidies for windmills, in a signal that Congress is still eager to pick winners in the emerging renewable-energy sector. ...Tuesday’s wind vote saw 12 Republicans join with 41 Democrats and one independent senator in sustaining full funding for windmill research.