Library filed under Taxes & Subsidies from USA

Texas wind industry might face a future without incentives

“Once this deadline passes in December, it definitely puts uncertainty on future projects,” he said. “Instead of laying folks off and contracting our spending, we’re simply moving to other markets. “Canada, Mexico and South America are pretty busy right now. Pretty much everything except for Europe is open to more wind energy right now.”
28 Dec 2013

Texas wind industry might face a future without incentives

“Once this deadline passes in December, it definitely puts uncertainty on future projects,” he said. “Instead of laying folks off and contracting our spending, we’re simply moving to other markets. “Canada, Mexico and South America are pretty busy right now. Pretty much everything except for Europe is open to more wind energy right now.”
28 Dec 2013

Measuring the environmental benefits of wind-generated energy

Measuringenvironmentalbenefitsofwind-aej-cullen_thumb In this paper, Joseph Cullen quantifies the emissions offset by wind power for a large electricity grid in Texas using the randomness inherent in wind power availability. When accounting for dynamics in the production process, the results indicate that only for high estimates of the social costs of pollution does the value of emissions offset by wind power exceed cost of renewable energy subsidies. An excerpt of Mr. Cullen's paper is provided below. The full paper can be downloaded from this page.
27 Dec 2013

Measuring the environmental benefits of wind-generated energy

Measuringenvironmentalbenefitsofwind-aej-cullen_thumb In this paper, Joseph Cullen quantifies the emissions offset by wind power for a large electricity grid in Texas using the randomness inherent in wind power availability. When accounting for dynamics in the production process, the results indicate that only for high estimates of the social costs of pollution does the value of emissions offset by wind power exceed cost of renewable energy subsidies. An excerpt of Mr. Cullen's paper is provided below. The full paper can be downloaded from this page.
27 Dec 2013

It's time for wind power to stand or fall on its own

The PTC was initially billed as a temporary measure designed to encourage the development of wind electricity until it was ready to compete with other energy sources. The temporary nature of the PTC, however, has in practice tended to be a bit of a mirage. Each time the PTC is set to expire, wind lobbyists turn up to argue that the industry just needs a little more time to mature, and the credit ends up getting a stay of execution.
27 Dec 2013

Wind power developers race clock to secure subsidy

Developers are unlikely to start any projects without a credit in place because they cannot compete with power generation from other sources like cheap natural gas. And with prospects for a redesign of the whole tax code looking dim at the moment, clean-energy advocates are calling for yet another extension of the subsidy. Referring to the credit, Kevin A. Lynch, managing director of external affairs at Iberdrola Renewables, said: “In the near term, projects that do not have the P.T.C. attached to them are probably difficult to justify economically for buyers to purchase, and therefore for us to build.”
26 Dec 2013

Critic blasts Cape Wind tax credit

Rodgers said the contract was the result of prolonged negotiations, and said the timing of the announcement was not related to the expiration of the federal tax credit. He declined to say if Cape Wind would be eligible for the tax credit without the cost of the contract. The tax credit, if awarded, could pay for 30 percent of construction costs.
24 Dec 2013

Critic blasts Cape Wind tax credit

Rodgers said the contract was the result of prolonged negotiations, and said the timing of the announcement was not related to the expiration of the federal tax credit. He declined to say if Cape Wind would be eligible for the tax credit without the cost of the contract. The tax credit, if awarded, could pay for 30 percent of construction costs.
24 Dec 2013

Baucus’ exit sends extenders debate into overdrive

Even before news broke that Sen. Max Baucus would soon be heading to China, Democrats on Capitol Hill were starting to get antsy over the fate of dozens of expiring tax credits that had been placed on the back burner while Baucus tried to craft a complete overhaul of the tax code. Now that the Montana Democrat is all but officially headed for the exits, momentum behind extending the temporary incentives like the production tax credit, home efficiency rebates and alternative fuels tax breaks has shifted into high gear in the Senate.
20 Dec 2013

Negative pricing distortions of windpower

Duckcurve-caliso_thumb “The combination of the federal PTC and state RPS policies has shielded wind developers from the basic supply and demand forces present in a healthy competitive market. As a result, we are fast-tracking the construction of expensive renewable resources that are variable, operating largely off-peak, off-season and located long distances from where the energy is needed.”
16 Dec 2013

Wind power group sues USA for $40 million

The wind farms claim that "Treasury refused to revise its conclusion, even in the face of clear evidence that its own valuation methods did not comply with the rules for ITCs that Congress instructed Treasury to follow in administering cash grants." Each investor claims it was shorted by $10.2 million: each one getting a grant of $23,093,966 instead of the $33,340,117 they had requested.
13 Dec 2013

Powering down the wind subsidy; How Congress can achieve something by doing nothing

The media are saying that the 113th Congress is on track to be "the least productive" on record—as if that's bad for the country. Let's hope gridlock lasts long enough to kill the crony capitalist special known as the wind production tax credit. This subsidy that was supposed to be temporary is now 20 years old...House Republicans can accomplish something for taxpayers by doing nothing.
12 Dec 2013

https://www.windaction.org/posts?location=USA&p=36&topic=Taxes+%26+Subsidies
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