Articles filed under Taxes & Subsidies
The hearing to discuss a tax abatement sought by the developers drew more than 100 people, roughly a quarter of the county's population.
Britain's booming wind farm industry is grinding to a halt because a lucrative tax break in America is fuelling massive demand for new wind installations across the Atlantic.
E.ON UK has delayed construction on two of its 100MW offshore wind farms, stating the schemes are not financially viable. This is a problem for the company, as it needs renewable power assets to meet its renewables obligation. For offshore wind as a whole this is a major blow, as it suggests that the renewables obligation is not providing enough of a subsidy to cover the economics of new farms.
ALEDO - Wind energy is getting more attention in Mercer County. The issue was a topic of discussion at this week's regular Mercer County Board meeting. A Chicago area company is proposing a wind farm in the northern end of the county.
A group of Grant County landowners has filed a lawsuit seeking to block construction of a Mount Storm area wind-power project.
Missouri Commissioner of Securities David Cosgrove has issued a cease and desist order against Krystal Planet Corp. and its executives for allegedly selling unregistered securities and deceiving investors.
In the next two years, a Virginia company hopes to pump upward of $400 million into what could be Colorado's largest wind farm on private grazing land near Grover.
Seven Grant County residents have filed suit to try to block construction of 200 giant wind turbines proposed near their homes. Jerome E. Burch and six other residents sued developers of the $150 million Mount Storm wind project. In their 14-page complaint, the residents allege that the NedPower Mount Storm LLC project will be a “nuisance” and “an eyesore” that creates excess noise and kills birds and bats. The suit also alleges that the project will generate little power but receive lucrative federal and state tax breaks.
Carpinteria CEO envisions a future powered by turbines. With oil and gas prices relentlessly rising -- and the cost of producing power from sustainable energy sources continuing to fall -- it appears the time is fast approaching when alternative energy begins to make good economic as well as environmental sense.
Morris expressed to commissioners that she did not agree with giving a company a tax break. "Give the people of the county a tax break," Morris said.
Some people are willing to pay extra to use electricity generated from wind and other renewable sources. Should everyone pay for "green power," even if they don't want it? No, the state appeals court said.
In June, Austin-based Green Mountain Energy Company – self-described as "one of the nation's largest retail providers of cleaner electricity products," generated from sources such as wind, solar, water, biomass, and natural gas – announced the crosstown relocation of its headquarters from aquifer-sensitive west Austin to an award-winning green office tower downtown, in anticipation of growth and expansion. By the time the move was complete, however, the energy provider had discontinued servicing about 480,000 customers in Ohio and Pennsylvania, laid off 15% of its workforce, and found itself facing suit in federal court. Green Mountain blames regulatory and market obstacles for its woes, but its critics cite an over-reliance on natural gas and a lack of investment in the very clean energy sources the company has made its trademark.
WAYNE COUNTY - The Wayne County Commissioners' meeting on Tuesday quickly switched over to the Board of Assessments and Revision of Taxes to hear an assessment appeal from the Waymart Wind Farm, L.P. for their 2006 taxes.
READSBORO — Officials from the two towns most affected by a proposed wind facility met on Wednesday night to discuss the economic impacts of a 30-turbine development. The Readsboro and Searsburg Select Boards met in the Central School gym to discuss the financial benefits and strains that can be expected by a town hosting a wind farm. Robert Ide of the Vermont Department of Public Service attended, as did about 10 residents. Searsburg is now the home of the state's only existing commercial wind facility. There are 11 turbines producing about 6 megawatts of electricity. A 30- to 45-megawatt plant with 20 to 30 new turbines has been proposed for ridgelines spanning both Readsboro and Searsburg.
TALLINN - Wind power has fallen out of Estonia’s favor in recent months, with the Economy Ministry deciding to limit support to wind-power producers and Parliament adopting amendments to the energy law that will give preference to other forms of renewable energy. Einari Kisel, head of the Ministry of Economy and Communications’ energy department, puts it bluntly: “We do not want to have too many wind mills,” he says. “The price of wind energy is expensive. The unstable production causes additional costs to other producers.”
That windmills retain a mystical popularity among its Northwest supporters, is truly a triumph of hope over substance, not to mention unawareness of hidden costs and poor performance data. There is a huge amount of information now available regarding wind energy from around the United States and Europe. It’s not good news.
Editor's Note: This article is available via the link below.
"These projects are very expensive and wouldn't happen without tax subsidies," he [Glenn Schleede] said. "Ordinary taxpayers are getting taken to the cleaners on this."
Absent special political privileges - federal research and development subsidies, tax breaks, and state RPS programs - today's renewable-energy industry, or most of it, would not even exist. Three decades, $14 billion in direct federal support, and untold billions in state taxpayer and ratepayer subsidies have failed to make "green" energy economically self-sustaining. Enough is enough. Congress should terminate, not expand, its patronage of this boondoggle.
It's time to jump off the Production Tax Credit treadmill and work toward a more open, transparent support mechanism such as the Electricity Feed Law.