Articles filed under Taxes & Subsidies
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.
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.
Napper said the assessed value of wind turbines is out of whack when compared to other industrial properties, such as natural gas and oil pipelines, or agricultural grain elevators. “Most of that money is going out of the country, and I just think it would be a win-win situation for every municipality to have those tax dollars,” Napper said.
A group of residents from the town Henderson and a couple from the town of Hounsfield expressed their opposition of a possible payment-in-lieu-of-tax agreement for the Galloo Island Wind project to the Jefferson County Industrial Development Agency Thursday.
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.
Lewis County residents should be on high alert in the years to come as the wind industry is in the process of gaining approval to build more wind farms across the county with little if any benefit to the taxpayers. The county leaders now in place are falling for it hook, line and sinker.
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.
The reassessment of the windmills to $11 million from $25 million will reduce the town of Fenner’s total taxable assessed value by $13 million. This will definitely have an impact on the 2019 town budget and the town tax rate, although it is too early in the budget process to say exactly what that impact will be, Jones said.
This claim will go before a judge to determine the merits of the argument. A ruling in favor of the plaintiff would be a devastating blow to every municipality that hosts commercial wind facilities. And it would drastically reduce the already scant economic benefits that these projects yield once the construction phase is complete.
Pending litigation over the property tax obligations of Rock Falls Wind Project in Grant and Kay counties could set dramatic new precedents and fundamentally change the way wind-energy projects are incentivized in Oklahoma.
A “termination for convenience” clause has been written into contracts for three new wind farms and three new solar farms selected under a reverse auction scheme as part of the Andrews government’s ambitious state renewable energy target.
Wind and solar developers need to be mindful of these beginning of construction rules when planning regulatory and permitting approval, and how the shifting of risk may play out in project documents, including EPC agreements, power purchase agreements and tax equity arrangements.
The meeting’s attendees had the goal in mind of keeping tax revenues from the proposed High Prairie wind farm project in Adair and Schuyler counties, rather than disbursing the tax benefit across the state of Missouri. Because the project will be purchased by Ameren Missouri, a public utility company, after its construction, its taxes would currently be assessed at the state level.
The owners of Maple Ridge Wind Farm are seeking to have the assessments on the project’s Lewis County properties reduced by hundreds of millions of dollars. ...Ms. McNichol said the county, as lead agency, the municipalities and school districts will now consider Flat Rock’s proposed assessments and likely counter them in what may become “a battle of experts” in court. “It comes down to our appraisal versus their appraisal, our experts versus their experts,” Mr. Piche said. “At the end of the day, the judge is probably going to go right down the middle.”
The IDA will submit a letter responding to a interrogatory letter from the developer, Apex Clean Energy, sent to the state Department of Public Service staff regarding a potential PILOT for its 108.9 megawatt wind farm. “It’s really pretty straightforward,” said agency Chairman David J. Converse. “It’s basically telling them no decisions have been made yet.”
A payment in lieu of tax agreement won’t be reconsidered despite changes to wind turbine heights within the Ball Hill Wind Energy Project in the town of Villenova.
Jefferson County, responding to a document filed with Public Service Commission staff by Apex Clean Energy, has clearly set forth its expectations on any payment-in-lieu-of-taxes agreement reached on the proposed Galloo Island wind project.
Without subsidies and the ongoing presence of backup power based on fossil-fuel generation, the outlook for more renewable energy in Australia is extremely uncertain. Indeed, without the intervention of governments, the salad days for renewable energy will quickly fade, something the sector understands. That’s why the energy policy debate is so important to them — and to all of us.
Renewable energy trade bodies have hit out at UK Government policy, as new data suggests that onshore windfarm numbers are set to plummet over the next four years. New numbers provided by GlobalData on the wind turbine foundations market point directly to a drop off by more than half of new wind farms being built from 2018 to 2022.
Cattaraugus County lawmakers will vote Wednesday on a resolution urging the Industrial Development Agency not to grant a payment in lieu of taxes (P.I.L.O.T.) agreement for projects like the Alle-Catt Wind Farm. ...The resolution is advisory in nature, urging the IDA not to grant a P.I.L.O.T. for wind energy projects larger than 5 megawatts.