In a reversal, wind power industry wants more U.S. tax credits

October 11, 2019

Less than a year after the U.S. wind industry swore off federal tax credits, its top lobbyist wants another go at the incentive that helped it become the cheapest source of new energy in much of the world.

The tax credits are now needed for the industry to maintain its cost advantage against competing sources such as solar and natural gas plants. That’s because President Donald Trump’s import tariffs on steel and other wind-farm components have raised costs by as much as 28%, said Tom Kiernan, chief executive officer of the Washington-based American Wind Energy Association.

Kiernan said at a conference in New York that he will lobby for the investment tax credit for both onshore and offshore wind to ‘‘have parity’’ with the U.S. solar industry.

“I was surprised,” Rachel Shifman, an analyst at BloombergNEF, said in an interview. “The sentiment I’ve heard is that they were ready to be done with it and finance projects the way the rest of the world does.”

https://www.bloomberg.com/news/articles/2019-10-11/in-a-reversal-wi...

SOME EARLIER RELATED READING

Pingree and Golden renege on ending the wind PTC at the end of this year

http://www.windtaskforce.org/profiles/blogs/did-chellie-pingree-and...

 

Wind power angling for new handouts as PTC is set to expire (From Council on Foreign Relations)

http://www.windtaskforce.org/profiles/blogs/wind-power-angling-for-...

 

Lisa Linowes: Wind Growth after PTC Expiration

http://www.windtaskforce.org/profiles/blogs/lisa-linowes-wind-growt...

The Ever-Expanding Wind PTC

http://www.windtaskforce.org/profiles/blogs/the-ever-expanding-wind...

Sen. Rand Paul Calls for Shortened PTC Phase Out

http://www.windtaskforce.org/profiles/blogs/sen-rand-paul-calls-for...

An Open Letter to Senator Hatch on the PTC, by Lisa Linowes

http://www.windtaskforce.org/profiles/blogs/an-open-letter-to-senat...

Congresswoman Chellie Pingree: Tax Breaks Critical for Wind Energy

http://www.windtaskforce.org/profiles/blogs/congresswoman-chellie-p...

Tax credits: gone with the wind?

http://www.windtaskforce.org/profiles/blogs/tax-credits-gone-with-t...

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Comment by Stephen Littlefield on October 12, 2019 at 6:23pm

This is the scam much like ethanol in our gas, we subsidize farmers to grow corn, then subsidize the processing of the corn and again subsidize the refineries to mix the substandard fuel that we have to buy at elevated prices for fuel that gives substandard performance! The wind industry is silimar in that it needs subsidies to buy the Chinese turbines and steel, subsidies to erect them, and last subsidies to make it look like they produce energy at a competitive price! It's a scam and the government needs to get out of both, we the taxpayers can not continue to shoulder the burden of inferior business!!

Comment by Jim Wiegand on October 12, 2019 at 3:59pm

One of their biggest expenses is the cost to put and keep the right whore politicians in office.

Comment by arthur qwenk on October 12, 2019 at 3:00pm

How long can the Maine taxpayer allow these scam artist scumbags to suck off of them?

Sorry,just look at the representatives in Augusta and the wind graft,and the publics passivity and brain activity on the green  issue .

Comment by Jim Wiegand on October 12, 2019 at 1:17pm

They need the increase to pay for the rising cost of bribes and rigging.

Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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