Library filed under Taxes & Subsidies

Ministry cuts wind farm feed-in tariff

The Ministry of Economic Affairs yesterday cut the preliminary feed-in tariff for offshore wind energy developers over the next 20 years by 12.7 percent due to falling installation costs, dealing a blow to developers that were expecting it to remain the same.
30 Nov 2018

Wind farm abandons tax avoidance tactic that threatened school funding

Brian Hermanson, the Kay County district attorney, said he was shocked that Rock Falls Wind Farm and Blackwell Economic Development Authority officials came up with the tax avoidance plan in secret and then sprang it on county officials at the last minute. “They didn’t tell us about it until it was all over and the wind farm was built and it was time to assess,” he said. “I was shocked at the manner they did it. I was shocked that they would try to cut the school systems from the money they had coming and the county health system from what they had coming and county government, for that matter.”
11 Nov 2018

Newkirk superintendent: Property tax battle ‘going to crush us’

Pending lawsuits over a northern Oklahoma wind farm’s property tax liability could have more than $1 million worth of implications for state education funding, according to Brady Barnes, superintendent of Newkirk Public Schools. But while the suits await action in court, leaders of Kay and Grant counties, the Oklahoma State Department of Education and a subsidiary of Électricité de France are attempting to strike some sort of agreement that would prevent what Barnes says could be a $550,000 impact on his district come January.
9 Nov 2018

EDF to reverse Rock Falls Wind Farm property tax appeal

Energy company EDF Renewables intends to reverse its controversial Rock Falls Wind Farm bond agreement that had complicated school financial situations for northern Oklahoma districts, according to company representatives. The decision was made after an Oct. 24 meeting with school superintendents and will likely preserve revenues for those districts.
9 Nov 2018

Midlands Voices: Tariffs could slow surging Nebraska wind industry

few American industries would be more deeply damaged by the administration’s pending trade actions than the wind energy industry. ...The steady growth that has defined the wind energy industry over the last decade would slow dramatically as producers scramble to substitute tariffed components with significantly more expensive — and often unavailable — alternatives.
11 Oct 2018

County gives approval for reinvestment zone

The formation of the reinvestment zone now allows E.On to begin negotiations with Matagorda County on the wind farm. The project was tabled a year ago and brought back to the table after the reinvestment zone was scaled down to the parcel of land that will be used during this phase of the proposed project.
11 Oct 2018

Wind Growth after PTC Expiration

The US Treasury estimates the PTC will cost taxpayers $40.12 billion in the period from 2018–2027, making it, by far, the most expensive energy subsidy under current tax law. ...After billions in public hand-outs, the wind industry has never been able to stand on its own and there’s no reason to believe this will change. Tax credits are now a required component of the industry’s economics. The outcome of an expired PTC is evident: wind installations will crawl to a near stop.
5 Oct 2018

Vineyard Wind execs buoyed by report

A September report from Bank of America Merrill Lynch indicated that the federal Bureau of Ocean Energy Management would approve projects like Vineyard Wind in a timely manner, Beane said. The report said timing of permitting affects whether offshore wind developers can take advantage of federal investment tax credits that are expected to expire in 2024.
1 Oct 2018

How solar and wind mandates tax the poor and middle class

These mandates aren't just dangerous. They will raise electric power costs sharply. The Wall Street Journal reported last week that residents of states like California and New Jersey with strict renewable mandates pay about 25 percent more in monthly electric utility bills than states that let the market place choose the lowest cost forms of power.
19 Sep 2018

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