Articles filed under Taxes & Subsidies

Whole Foods goes with the wind

That will make Whole Foods the only Fortune 500 company to purchase renewable energy credits — which subsidize the production of energy from renewable sources such as wind — to offset 100% of its electricity use, says the U.S. Environmental Protection Agency says.
9 Jan 2006

Anderson: lobbyists pushing hard for renewable energy

This means, said Anderson, that they are seeking to impose a requirement that all companies purchase a certain amount of their energy from this renewable source. “The problem is that no one wants to buy the energy they are producing because of the high cost involved,” said Anderson. “However, they are pushing hard and I don't know at this time whether they will be successful or not.”
29 Dec 2005

The winds of change are still too costly for E.ON

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.
12 Dec 2005

Grant residents sue to block wind turbine project

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.
30 Nov 2005

Trouble on Green Mountain

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.
24 Nov 2005

Wind not a stormy issue in Readsboro, Searsburg

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.
17 Nov 2005
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