Library filed under Taxes & Subsidies

County willing to entertain partial tax abatement for Deer River Wind Farm

While Mr. Gray said he would like full taxation for the full assessment from developer Avangrid Renewables in a potential payment-in-lieu-of-taxes agreement for its Lewis County project’s transmission line, which will run through the town of Rodman, he said he would bring a proposal to the Legislature that would mirror the PILOT agreement for the Copenhagen Wind Farm.
29 Oct 2017

House panel votes to eliminate RGGI energy-efficiency funds; Committee also supports lessening renewable energy standard

The NH House Science Technology and Energy Committee narrowly voted Tuesday to gut energy-efficiency funding through the Regional Greenhouse Gas Initiative and roll back the state’s renewable energy standard, in a move that one Republic denounced as partisan and a Democrat called “nuts.”
27 Oct 2017

'Completely perverse' wind energy subsidies aren't reducing emissions

We all see the hundreds of wind power turbines which dot the beautiful landscape of our region. We're told, by the supporters of these wind farms, that they're a boon to our society. That they're reducing greenhouse gas emissions by providing cheap, reliable energy. Except, this week I spoke with a man from the University of California, Berkeley who says that's a lot of bunk.
16 Oct 2017

Rising Electricity Costs and Declining Employment in Ontario’s Manufacturing Sector

Rising-electricity-costs-and-declining-employment-in-ontarios-manufacturing-sector_thumb This report by the Fraser Institute finds that Ontario’s Green Energy Act and its induced inefficiencies, have caused electricity prices to increase dramatically —now the highest in Canada—have cost the province an estimated 74,881 manufacturing jobs since the 2008 recession. High electricity prices are threatening industrial competitiveness, in particular that of the manufacturing sector for which electricity is a major input cost. The executive summary is provided below. The full report can be accessed by selecting the links on this page.
13 Oct 2017

Wind and Solar's Future Hangs on Taxes, Not Clean Power Plan

Clean-energy’s fiscal advantage stems in part from two tax credits that Congress extended in 2015. Both measures are scheduled to be phased out in the 2020s, but Environmental Protection Agency administrator Scott Pruitt on Monday called for them to be eliminated. That could upend wind and solar’s edge. “Without tax credits, those economics no longer work,” said Amy Grace, an analyst at Bloomberg New Energy Finance.
11 Oct 2017

Taxpayer support for renewable energy simply cannot be justified

Move over, Ponzi; forget Bernie Madoff; ignore Enron; and dismiss collateralised debt obligations ­associated with subprime mort­gages. Without a doubt, the biggest scam perpetrated against taxpayers and consumers is ­renewable energy. And if you think this scam is just an Australian phenomenon, think again. With very few exceptions, governments all over the world have fallen into the trap of paying renewable energy scam­mers on the basis that it is neces­sary, at least politically, to be seen to be doing something about ­climate change.
7 Oct 2017

Galloo Island wind developer wants PILOT discussions tabled

“(Apex Clean Energy) has asked the JCIDA to table our PILOT application for the moment,” Mr. Habig said in an email. “Much has been reported on Fort Drum concerns in recent days. We feel it is appropriate to give the parties an opportunity to digest the facts and reach informed and considered conclusions regarding potential base impact before engaging in PILOT discussions.” 
6 Oct 2017

U.S. Tax Reform Would Leave Renewable Energy Out in the Cold

The prospects for a broad tax reform with lower corporate rates has excited business leaders and boosted the stock market -- except for renewable energy. Tax reform “will make renewables more expensive,” Keith Martin, a partner at law firm Norton Rose Fulbright, said in an interview Tuesday at Infocast’s Solar Connect conference in San Diego.
4 Oct 2017

The Dramatic Arc Of The PTC

Now, the wind industry hopes for a wind-friendly Congress in 2019 and beyond and a wind-friendly president in 2021 and beyond. Such a president taking office in 2021 would be just in time to address what seems will be an inevitable lull following the last of the 30-70 GW projects that “started construction” in 2016 ...We can only imagine where the wind industry and tax policy will be in 2021, but history suggests the road there will be an interesting one.   
3 Oct 2017

http://www.windaction.org/posts?p=4&topic=Taxes+%26+Subsidies
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