Library filed under Taxes & Subsidies

Councilman: Wind company could ask for new ERA

After millions of dollars were spent developing the project, the suit claims, the county revoked the project’s property tax incentives, adopted rules making a building permit impossible and then rushed to pass a zoning ordinance when the company threatened to sue. The county disputes Sugar Creek Wind’s complaints and said it would “vigorously defend” the suit.
11 Dec 2019

Mixed signals in Senate on year-end energy talks

While he welcomed the House’s inclusion of a multiyear phaseout of a biodiesel blenders credit that is a top personal priority as “good news,” Grassley pointedly questioned the extension of key wind and solar breaks that Congress enacted in 2015 on the condition they be phased down. “Both were considered a mature industry that could get by without a tax credit,” he recalled of the 2015 negotiations that led to the phaseout of the wind production tax credit and investment tax credit most commonly associated with solar. “I’m not sure why they’re extending that when the industry agreed to that.”
20 Nov 2019

No, Congress will not extend the PTC

In another month, the wind PTC will finally expire after twenty-seven years. Taxpayers will still be on the hook for billions more in PTCs through the next decade but the burden should not increase. In that time, the wind industry has grown significantly reaching over 100,000 MW and now mainstreamed into the US electricity market. Big Wind is no longer a nascent industry, but one that must stand on its own, whether it's ready or not.
14 Nov 2019

Wind farm firm doubles payment offer to county

Expedition’s proposed of er pays twice the rate paid to Marion by Diamond Vista A draft of the proposed agreement between Marion County and developers of a proposed wind farm shows the company is offering twice the per-megawatt rate the county is paid by Diamond Vista wind farm in the northern portion of the county. The proposed rate is $1,800 per megawatt over the first 10 years the wind farm operates.
14 Nov 2019

Vineyard wind pushes IRS for subsidy extension on delayed offshore project

“Since the business case is being impacted by external delays, we are requesting an extension from the IRS for the originally planned ITCs of the project,” Torgerson told analysts. “We’re petitioning the IRS to get an extension of that ITC at the 24 percent level…through the 2022 timeframe.” The delay means Vineyard may be able to upgrade to longer rotor blades for its 9.5-megawatt MHI Vestas turbines, Torgerson said — jumping from a 164-meter rotor diameter up to 174 meters. Longer blades mean more electricity can be generated.
1 Nov 2019

Mixed messages on clean energy

That particular program ended in 2016, but investors who had projects in progress could keep taking the credits until they had used them up. Some people involved in solar projects created partnerships not only with energy companies but also with banks, insurance companies and other institutions that essentially bought the tax credits. Then last fall, the Revenue Department said it wasn’t going to allow the tax credits in some of those partnership deals that had been used to pay for solar energy projects.
29 Oct 2019

Germany climate package 'lacking in courage and power'

Onshore wind continues to be held back by the insistence of chancellor Angela Merkel's CDU party on fixing the minimum distance between wind turbines and residential housing at 1,000 metres. This move will "massively cut back the area available for wind energy", said the BEE. "It will throw regional and federal state planning [for wind energy] into chaos and endanger the whole wind sector," said Hermann Albers, president of BWE, the federal wind energy association.
20 Sep 2019

Fulton County to fully tax renewable energy projects

Both Fulton and Montgomery counties had shifted away from the full tax exemption offered by New York state in favor of Payment in Lieu of Taxes agreements in recent years. While PILOTS gradually phase-in full taxation of the land over a 15-year period, both counties have now abandoned that method of taxing renewable energy projects in favor of full-taxation.
10 Sep 2019

Researchers saw electricity support - customers are blown to SEK 100 billion ($10 Billion)

In addition to being inefficient and hitting hard on electricity consumers, it cannot be ruled out that the electricity certificate system has contributed to knocking out other fossil-free electricity generation, namely a number of nuclear power reactors, which damages the electricity supply. This subsidy is only a free lunch for some shareholders and should be abolished, says chief economist Jacob Lundberg to DI.
28 Aug 2019

Commissioners pause tax break vote on $500M wind farm

Rosebud County commissioners have hit the pause button on deciding whether a $500 million wind farm warrants a 50% tax abatement. Commissioners tabled a proposal Tuesday to lower taxes on the Clearwater Wind farm to be located near Forsyth. In the works since 2012, 120-turbine farm will generate enough power to electrify 300,000 homes.
15 Aug 2019

http://www.windaction.org/posts?p=3&topic=Taxes+%26+Subsidies
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