Library filed under Taxes & Subsidies

Strong Wind Uncovers Weaknesses - Wind energy installations grew at a record pace in 2005. With the extension of production tax credits, the wind industry is in a boom cycle. However, challenges still buffet the industry.

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.
1 May 2006

Subsidies to a Wind Farm in Nantucket Sound

Bhionpubsubsidiesforcapewind_thumb In November 2001, Cape Wind Associates, filed an application with the U.S. Army Corps of Engineers for permission to construct the nation’s first offshore wind farm in Nantucket Sound. The project would consist of 130 wind turbines, each approximately 420 feet tall, arrayed over a 24 square mile area of the Sound known as Horseshoe Shoals. The wind farm would be sited five miles off the coast, in federal Outer Continental Shelf (OCS) waters. From there, undersea cables would transmit power through state waters to an onshore distribution grid. The project, according to Cape Wind, would have an installed nameplate capacity of approximately 468 megawatts (MW) of electricity.
1 May 2006

Town makes its turbine offer

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.
21 Apr 2006
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