The PTC can only be taken against “passive income” - income from other investments. Private equity firms put together investors who need a tax write-off courtesy of the PTC. Warren Buffett admits he uses the PTC to lower his Berkshire taxes: “we get a tax credit if we build a lot of wind farms. That's the only reason to build them.”
Twenty power companies including Germany’s biggest utilities, EON SE and RWE AG, now get fees for pledging to add or cut electricity within seconds to keep the power system stable, double the number in September, according to data from the nation’s four grid operators. Utilities that sign up to the 800 million-euro ($1.1 billion) balancing market can be paid as much as 400 times wholesale electricity prices, the data show.
Now a bird preservation organization says it’s the USFWS itself that is violating the act, and it has sued the agency over what it says is a rule that could endanger thousands of bald and golden eagles. Indeed, the American Bird Conservancy asserts, the USFWS has committed multiple violations of federal law.
Supervisors James Ramos and Robert A. Lovingood submitted a joint letter to the Bureau of Land Management on Thursday strongly opposing the North Peak Wind Project planned for 16.4 square miles of mountain ridges overlooking much of the Victor Valley.
Environmentalist groups don’t just oppose the 30-year permits — they want the entire permitting process overhauled. He said that the permits should be mandatory, not voluntary, and that wind companies should be required to report publicly all eagle mortalities. Wind industry advocates argue that the 30-year permit provides more stability for investors who supply the essential upfront capital.
A brochure has been sent to residents of Lucerne Valley and parts of rural Apple Valley looking to gain support against two planned wind farms.
The little tallgrass prairie that remains in Oklahoma has survived because it’s rocky and elevated above the plain, which, historically, made it hard for farmers to plow. But that elevation has attracted interest from wind developers, which is why Hamilton says the Conservancy is fighting to keep TradeWind Energy’s 16,000-acre Mustang Run project from breaking ground near the preserve.
Alan Stone, attorney for appellant the Houlton Water Co., said the two commissioners who approved the deal had not followed the direction set by the Supreme Judicial Court. “We don’t believe that what the commission did today really addressed the issues” raised by the court, said Stone.
Net profits at Spanish energy giant Iberdrola fell 13% to €1.5bn ($2bn) in the first half of 2014, as the world’s largest wind-power operator continued to be hit by regulatory changes in its domestic market.
Wind power companies suing the United States for $226 million in renewable-energy tax credits must allow Uncle Sam to determine rebate amounts through discovery, a federal judge held. Twenty Alta Wind farms owned by nonparty Terra-Gen Power, LLC have sued the United States since last year over unpaid tax credits and cash grants allegedly promised under the American Recovery and Reinvestment Act of 2009.
The nation’s second-largest wind power operator seeks to be the first to develop a utility-scale wind project on national forest land in the Green Mountain State.
Almost every chair was full at the Lincoln County Commission meeting. Many of the people were wearing pins protesting wind farms. Minnesota Lawyer Dan Schleck says those citizens were concerned that the state has too much power with decisions about giving land to wind energy.
Sen. Barbara Mikulski (D-Md.), chair of the Senate Appropriations Committee, was among several lawmakers who last week suggested changes to the Senate version of the defense spending bill. Mikulski’s changes, if implemented would prevent the Navy from entering into an agreement with Pioneer Green until further study could be complete.
The production tax credits for renewable energy projects expired at the end of 2013 and haven't yet been renewed. The delay is causing more renewable energy developers to focus on international projects.
The Maine Public Utilities Commission voted 2-1 Tuesday to allow Emera Maine’s parent company to invest $333 million through a joint venture with wind farm developer First Wind, a deal that was sent back to the commission for further review after a Maine Supreme Judicial Court decision.
Turkey’s Council of State has ordered a stay of execution for the government’s decision to “urgently expropriate” an olive grove in western Turkey in order to build a wind farm power plant, marking a legal victory for the plot’s 80-year-old owner, “Auntie” Remziye Saatli.
Residents have documented oil leaks at over 40% of all turbines on the project. “We [Department of Toxic Substances Control with the California Environmental Protection Agency ] have directed OWE to remove the contamination containing used oil and handle it as hazardous waste. We also asked OWE for an explanation as to why the oil is being released, and to remove any additional oil as it is discovered.”
The Spanish company that built the 24-turbine Groton Wind facility has reached a settlement agreement with the Attorney General’s office that resolves the plant’s issues with the Attorney General, and required the plant owners to pay $150,000 to the ongoing Livermore Falls protection and enhancement project in area towns.
A developer that planned Texas’ first offshore wind farm stopped paying on two state offshore leases, one of which expired today, an official said Friday.
Nelson is pushing hard for the re-assessment. She has in the past criticised the wind production tax credit (PTC), even although it is a federal policy and not in her purview. A proportion of her three-page memo was about the PTC. It stated: "The federal [PTC] distorts wholesale electric markets... While this commission has no ability to change what Congress does, we do have an obligation to Texans to periodically review whether our rules appropriately assign cost to those who cause those costs."