Library filed under Taxes & Subsidies
A record £3.1million was paid to wind farms in the space of one day for switching off turbines when it became too windy. The compensatory sum was handed to operators on Saturday because electricity supply outstripped demand.
The appraisal district’s board met to discuss its options regarding a recent decision by the appraisal review board to lower the appraised value of a wind farm in central Val Verde County. The decision by the review board represented a loss of nearly $400,000 in expected revenue for Val Verde County.
According to the REF, £9.4m was paid out in constraint payments in June when the interconnector was not working. A recent posting on the Western Link website said: “cable fault was detected which caused the Link to trip”. Later the website was updated to say that it was expected it would be back in operation at full capacity in September.
A decision to lower the appraised value of a Val Verde County wind farm will be appealed through a lawsuit to be filed in state district court here, members of the Val Verde County Appraisal District Board of Directors decided Friday.
“I think the board would have to take a sincere look at the whole project to see if it were truly wanted at the local level,” Wiktor said. “It’s an issue the IDA will have to face. It’s going to come down to what do they hear in terms of local support and opposition.” With Article 10, a project could be approved with limited or no local support.
Texas dealt a potential death blow to what would be the largest-ever U.S. wind farm: American Electric Power Co.’s $4.5 billion Wind Catcher project. ...“The costs are known,” DeAnn Walker, chairman of the Texas commission, said Thursday at a hearing. “But the benefits are based on a lot of assumptions that are questionable.”
AEP's plan to build the largest wind farm in the United States might have been dealt a fatal blow. The Public Utility Commission of Texas voted Thursday to reject the proposed 2,000-megawatt Wind Catcher wind farm, stating that as it is structured now, the project doesn't offer clear enough benefits for rate payers.
Offshore-wind developers are pressing the BPU to begin accepting applications before the end of the year, fearing that if the state does not move swiftly, they will not be able to qualify for lucrative federal tax credits. The credits expire at the end of 2019 and developers need to start spending big dollars on their projects before then or they will not qualify for the incentives.
There’s a growing body of research that highlights the negative effects of tax abatements granted for renewable energy under Texas Tax Code Chapter 312 and 313. Among the effects are the harm to the reliability of the electric grid, the hidden cost to Texans via taxes, and the unfortunate experiences of those who live next to large wind farms.
UNITED STATES: More than 30GW of new wind capacity could be installed over the next three years as developers take advantage of the production tax credit (PTC) before it is phased out, according to new analysis.
The payments from Maple Ridge will decline, and the payments from proposed future projects — Number Three, Deer River and Copenhagen — will not come close to matching the revenue from the county’s first wind project. The county should quickly tell Avangrid that its first PILOT will be its last, and that Lewis County won’t continue to subsidize its healthy profits.
A request to approve a reinvestment zone and an abatement for Peyton Creek Wind Farm was tabled after a lengthy public hearing at the Matagorda County Commissioners Court regular meeting Monday, July 16.
The ACCC – whose chairman Rod Sims has long been a critic of the Renewable Energy Target and associated schemes – has also called for the Small-Scale Renewable Energy Scheme, which was due to run until 2030, to be wrapped up by 2021 – almost a decade earlier than planned.
Beginning in 2019, Norway’s water resources and energy directorate (NVE) wants firms benefiting from grid additions to pay up to half the investment cost, often a major sum in remote regions seeking to attract industry and jobs.
For every dollar of subsidy that coal and nuclear power receive, wind power gets almost $5 and solar receives about $20. This does not even include the biggest subsidy of all: About half the states have renewable energy standards requiring utilities to buy 20 percent to 30 percent of their power from wind and solar, regardless of the price.
Public opposition to wind farms has long delayed the projects, and since then prices for international offshore wind power have more than halved. French energy regulator CRE has said the projects were too costly, with planned subsidies adding up to nearly 41 billion euros ($47.5 billion).
Texas Public Policy Foundation released the paper “Texas Wind Power Story: Part 1 – How Subsidies Drive Texas Wind Power Development,” which shows that the growth of the wind industry in Texas is spurred by, and only viable because of subsidies such as the production tax credit, along with tax breaks at the state and local level. A summary of the paper is provided below. The full paper can be downloaded from the links on this page.
Corona landowners group argues for larger share because of years of effort to bring in wind turbines