Articles filed under Taxes & Subsidies
Estimates for developing the Sheffield and Sutton project exceed $100 million. Up to two thirds of that is offset by federal subsidies, which we pay for. Over $60 million. A pretty good motivator.
The increase is necessary because the Windsource program was designed for customers who want to pay premium rates in order to promote green energy, Stutz said.
Your carbon footprint? Carbon offset-buyer beware. It’s a gimmick designed to part you from your money without providing any measurable environmental benefit.
The EU's carbon credit trading system is in crisis. Edward Simpkins reports on its pitfalls and how they might be rectified
Mr Rigden, editor of ReNews newsletter, said offshore wind was likely to be “an industry for the next decade rather than this one”.
In a meeting broadcast at JCC on Thursday, Gay Canough, president of ETM Solar Works, said Chautauqua County could sell electricity to its neighbors after a relatively cheap investment of $20,000 in solar panels and wind turbines.
Wind power is booming — not necessarily because of the environmental benefits, but because of the cash they spin off.
Deputy First Minister Nicol Stephen announced some extra funding for green energy systems in Scotland's homes recently, during the launch of a SCHRI-funded water-sourced heat pump at New Lanark Heritage Site. The £3m over two years will go to the Scottish Community and Householder Renewables Initiative (SCHRI) to fund small-scale projects.
Union Bank of California received OCC approval late last year for an equity investment in 70 percent of a wind energy project, which would allow the bank to take advantage of federal tax credits. The company intends to purchase wind turbines and land in order to generate electricity. Despite Union Bank's claim that the deal is structured as an investment rather than a loan only to take advantage of the tax credits, the OCC is not requiring the windmill company to repay the principal, and periodic payments are conditioned on revenues generated by the company.
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.
As a result of the tax subsidies and high energy costs, the study said, Cape Wind Associates could expect to receive a 25 percent return on equity, or $139 million, over the decades-long life of the project.
TWO wind farms worth a total of $550 million have been shelved and another worth $250 million is at risk because of a lack of support from the Federal Government, a developer says.
WIND farm developments in Tasmania and South Australia worth $550 million have been halted because the Federal Government will not increase incentives for energy retailers to invest in wind energy.
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.
And despite Patt's irrelevant discourse on the difference between REC and cap-and-trade systems, the charge still stands that the primary driver of investment (and interest by utilities) in large-scale wind power is the potential profits from REC trading in a tight market.
The governor also notified lawmakers Monday he was letting a bill aimed at boosting wind-energy production in Colorado become law without his signature. House Bill 1275, sponsored in the Senate by Sen. Greg Brophy, R-Wray, changes the method of taxing wind farms from a business tax based on the value of equipment that depreciates over time to a production tax that levelizes the revenue stream to counties over a 20-year period.
NEW YORK - US companies and organizations that conserve electricity by switching to more efficient lighting or by moderating heating and cooling will earn a credit they can trade or bank. That's the hope of Sterling Planet, a Georgia-based company that has created "white tags," or tradable certificates that are similar to "green tags," or tradable credits for creating and delivering renewable energy, such as solar and wind.
The Renewable Energy Foundation has consistently argued that the current subsidy system is resulting in an unbalanced deployment of renewables and will neither produce a healthy long term future for this sector, nor an economically compelling example of low carbon energy generation.
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.
Millions pledged by Liberals off the table