Articles filed under Taxes & Subsidies

Is the reduced PTC still relevant to the wind industry?

With a four-year construction window for projects already qualified under the full PTC, does the smaller tax credit still matter? asks Karl-Erik Stromsta The US wind production tax credit (PTC) may have started its terminal decline on 1 January — dropping to 80% of its former value, on its way towards nothing in 2020 — but industry experts say it still has some kick in it.
10 Feb 2017

Gov. Mary Fallin proposes tax on Oklahoma wind production

Oklahoma would become the second state to impose a tax on wind power, and its tax would be the nation's highest, under a proposal announced Monday by Gov. Mary Fallin. In her executive budget, Fallin proposed a 0.5 cent per kilowatt hour tax on electricity from wind generation. She also wants to sunset existing tax incentives for the wind industry earlier than planned.
7 Feb 2017

Trump’s tax reform plans could threaten wind-power financing

“Any tax reform that reduces corporate tax appetite would erode the potential supply of tax equity, pushing the supply-demand balance even further toward a buyer’s market,” said Daniel Shurey, an analyst at Bloomberg New Energy Finance in New York. “In this situation, only the most experienced and well-capitalized developers would catch the attention of tax equity investors.”
18 Jan 2017

High hydro costs sending Ontarians to food banks, report says

In yet another sign of the crisis caused for many in the province by soaring electricity rates, the Ontario Association of Food Banks says the fallout is putting the squeeze on the basic needs of many. “If people have to choose between keeping the lights on and going hungry, they go without food,” Carolyn Stewart, executive director of the association, said ahead of Monday’s release of the group’s Hunger Report 2016. Soaring hydro costs have become an Achilles heel for the Liberal government, which took a costly plunge into green energy in 2009. 
28 Nov 2016
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