Articles filed under Taxes & Subsidies

'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

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

California policies pose challenge for Wyoming wind farm

Early construction is ongoing at the site near Rawlins, and needs to continue without pause if the company is to qualify for the federal subsidy. If it qualifies for the tax credit, it would last for up to 10 years, she said. Firms that began construction by last year keep the subsidy for a decade. The Power Company of Wyoming is not confident that the second phase of development, for an additional 500 turbines, will qualify for the tax credit.
6 Sep 2017

Wind Energy In the Doldrums: Germany's windmill producers have hit a dangerous lull after a change in the law on subsidies

Producers blame the decline on a loophole in a new law which seeks to minimize the amount of subsidy for new wind projects. New projects are approved in an auction with the lowest bidder getting the nod – at least theoretically. But lawmakers carved out special rules for the so-called “citizens’ energy companies” – cooperative-like entities that allow local communities to own new facilities. 
28 Aug 2017

County: No PILOTs for big wind projects

Under the policy, the county Legislature requires any payment in lieu of taxes (PILOT) agreement for wind energy production projects with a rated capacity of 25 Megawatts or more to be equal to the property tax payments the county would have received in the absence of exemptions. 
12 Aug 2017

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