Library filed under Taxes & Subsidies
The advantage of investing in a wind turbine [in India] is that 80 per cent of the project cost is considered accelerated depreciation given as a tax benefit for renewable energy during the first year. Editor's Note: Experts estimate that in the USA as much as two-thirds of a wind developer's return on investment is generated by the Production Tax Credit and depreciation allowances. Without these subsidies wind development would be a modest fraction of current levels.
AUSTRALIA's "green" energy sector is planning to protect profits by lobbying for more industry-friendly government policy, banking environmental credits or improving power plant efficiencies.
Two Somerset County green energy projects got a push Wednesday with a chunk of the state’s $8.6 million funding for clean energy.
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.
It wasn't quite the mighty wind Naperville was hoping for, but the option to purchase renewable energy through residential utility bills did cause a bit of a breeze in its first year.
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.”
The minimum price guarantee will apply until the province meets its target of 15 per cent of electricity generated from renewable sources.
Commissioner Duane Patrick brought up the “elephant in the room” in regard to wind farms in Kansas and the payment in lieu of taxes issue.
The legislature needs to be involved in the RPS process. It is a crime to raise hundreds of millions of dollars and then fritter it away on projects that in the end will not reduce emissions.
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.
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.
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.
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.