Articles filed under Taxes & Subsidies
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 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.
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 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
Westborough, Massachusetts [RenewableEnergyAccess.com] Evolution Markets LLC completed an auction of renewable energy certificates (RECs) for the Massachusetts Technology Collaborative (MTC), a public economic-development agency that manages the state's Renewable Energy Trust, for an average price of $53.10 [per MWh].
The two-part POWER Initiative is focused on helping Wisconsin businesses, local governments, and homeowners take advantage of renewable energy fuels and technology in Wisconsin.
The primary reasons for the growth in profit were a strong performance from FPL Energy, the nation's largest provider of wind power, and a rise in value of natural gas contracts used as hedges against price fluctuations in the market.
...neither ScottishPower nor energy minister Allan Wilson bothered to mention that it will cost electricity users more than £700,000 a week (£38m per year) in subsidies (equivalent to £190 per "household" per year).
To continue its rapid growth, wind energy must overcome some major hurdles in the next few years. Market development in the United States is strongly dependent on the federal PTCs, which for now must be periodically renewed by Congress.
WASHINGTON (LEE) —Thirty-five Montana cities and counties filed applications Wednesday for interest-free federal financing for wind energy projects, with Yellowstone and Cascade county commissioners coming to Washington to submit theirs and to lobby on rural issues.
Erie and Sherrard school districts in the Illinois Quad-City area are closer to being powered by wind energy.
Churning wind turbines may soon power Cascade County's courthouse, jail and health department.
The initial projects that would benefit from contributions from Ford buyers are a wind farm in Ainsworth, Nebraska, and Haubenschild Farms near Princeton, Minnesota, which converts manure into electricity, he said.
BISMARCK, N.D. - Minnkota Power Cooperative will install $135 million worth of anti-pollution equipment at its Milton Young electric power plant to settle a dispute with the federal Environmental Protection Agency, officials said. The EPA says the plant is one of the dirtiest in the upper Great Plains.
The yearly financial benefit to the town would be at least $100,000 between a payment in lieu of taxes (PILOT), electricity cost savings at the iron and manganese plant and a mechanism that ensures the PILOT and cost savings equal to no less than $100,000.
NEVER mind the orange-bellied parrot. Wind energy, one of the ethical investment sector's great success stories over the past decade, has passed its peak.
In his first major speech on climate change David Cameron will outline Conservative plans to replace Labour's Climate Change Levy with a new, more effective and better targeted Carbon Levy.
Advocates of renewable energy say federal tax credits for solar and wind power projects will expire next year before Nevada projects can be approved and operating.