COVID-19 threatens tax credits for billions in sun, wind energy projects

“We’re thankful that Congress rolled out the Phase Three relief program because the nation’s economy needs strong action to respond to the COVID-19 pandemic,” Kiernan said. “It’s unfortunate that we weren’t included in the package, and we’re beginning the process of reiterating our ask to be included in the Phase Four bill that will likely be drafted.”

Construction delays from COVID-19 have wind and solar energy developers concerned about losing tax credits that expire if projects aren’t completed on time.

The projects at risk represent about $35 billion in investment, 35,000 jobs and about $8 billion in rent payments for landowners and state and local taxes, said John Hensley, vice president of research and analytics for the American Wind Energy Association.

The tax credits for wind and solar projects are time sensitive, containing preprogrammed step-downs in their value. To get the full credit, a project must be completed and online within four years. For example, a project started in 2016 needs to be online providing energy by 2020.

This year was set up to be a big one for wind installation, Hensley said. Tax credits for about 25 gigawatts of wind energy development projects are at risk. It takes 412 utility-scale wind turbines to produce 1 gigawatt of power, which is enough to power 190 homes. Hensley said.....................

http://www.windaction.org/posts/51109-covid-19-threatens-tax-credit...

What the Renewables Industry Wants From the Next Stimulus Bill

The U.S. solar and wind sectors got shut out of the last coronavirus stimulus package. The battle is far from over.

https://www.greentechmedia.com/articles/read/what-the-solar-and-win...

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Comment by arthur qwenk on April 12, 2020 at 4:18pm

Let's hope "The Wuhan Flu" is also a windmill killer.

Comment by Thinklike A. Mountain on April 11, 2020 at 11:33am

Bilge indeed Willem.

Comment by Willem Post on April 11, 2020 at 11:07am

Wind/solar subsidy chasers take whatever opportunity comes along to get some favorable bennies into whatever bill, despite past avowals they need no subsidies.

But heh, a little extra gravy is always welcome.

Pelosi has a whole laundry list of RE and other bennies that have nothing to do with COVID-19

NEVER WASTE A GOOD CRISIS

If the Dems had control of the House, Senate and White House, no problem with all the Democrat bilge

But now wind/solar need a COVID-19 bill as a vehicle to get the bennies.

Pelosi will put in the bill whatever they want, and then present that to the Republican-controlled Senate, where it would be rejected.

Pelosi blames it all on Trump, whose poll numbers are increasing.

Where is Biden?

Oh, he is hiding in his basement taking pot-shots.

Comment by Willem Post on April 10, 2020 at 1:05pm

1 GW at $2.5 million/MW = $2.5 billion

Comment by Willem Post on April 10, 2020 at 1:04pm

! TWh = 1 billion kWh

1 GWh = 1 million kWh

1 MWh = 1 thousand kWh

Power production = 1 GW x 8766 x 0.30 = 29.2 billion kWh/y

A house uses about 6000 kWh/y

1,000,000 kWh/6,000 = 168 houses

29,200,000,000/6,000 = 4,860,000 houses

Comment by Penny Gray on April 10, 2020 at 11:07am

Yeah, I agree with Barry. Each house needs more than two complete industrial scale wind turbines?  Can you imagine???  And even then, with no battery back-up, if the wind isn't blowing, those two houses still need a conventional power plant to keep the lights on.  

Comment by Barry Stephens on April 10, 2020 at 10:25am

So at $35B in investment for 25 gigawatts of generation, each gigawatt powers 4,759 homes, that adds up to $7,368,421 PER HOME. Somehow the numbers just never seem to add up. 

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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