The applicant is required to provide evidence of a power purchase agreement or other evidence demonstrating the intended sale of the project’s output to a third party. The DEP has not previously required evidence of a power purchase agreement and does not generally evaluate the economics of projects it reviews or require a showing that the output (whether an energy project or non-energy development) will be sold to a third party.
Added by Dan McKay on December 16, 2017 at 10:51am — No Comments
"The new provisions on decommissioning do not allow consideration of salvage value when estimating costs and establishing the required decommissioning fund. The decommissioning fund must be fully funded and in place prior to commencement of construction and must be re-evaluated every two years during the life of the project. This change would substantially increase the costs associated with the required decommissioning fund."
Added by Dan McKay on December 16, 2017 at 10:49am — No Comments
"We remain concerned about the potential impacts of the new Base Erosion Anti-Abuse Tax on renewable energy finance," said Gregory Wetstone, president and CEO for the large umbrella group American Council on Renewable Energy.
The BEAT provision was included in the Senate’s tax bill, inserted to discourage large multinational companies from keeping money offshore. It would reduce the tax deductibility enjoyed by financial…Continue
Added by Eric A. Tuttle on December 16, 2017 at 9:13am — No Comments
Vermont has an anemic, near-zero, real-growth economy, which does not produce enough tax revenues year after year, partially due to the huge RE giveaways, such as:
1) Federal and state ITCs; upfront giveaways to offset any taxes.
2) Federal and state taxes not paid due to rapid depreciation write-offs during there first 6 years
3) Federal and state taxes not paid due to loan interest deducted from taxable profits.
Added by Willem Post on December 16, 2017 at 9:00am — No Comments
State energy office seeking public input to develop…
Added by Eric A. Tuttle on December 15, 2017 at 9:30am — No Comments
Added by Eric A. Tuttle on December 14, 2017 at 10:30am — No Comments
Added by Frank Haggerty on December 14, 2017 at 8:49am — No Comments
The Punta Lima wind farm was significantly damaged, losing approximately half the turbine blades and sustaining vertical post damage, the report said. The Santa Isabel wind farm was "seemingly intact."
Wind farm repair costs are estimated at $25 million and solar farm repairs at $40 million, which could take approximately nine to 12 months. The cost to deploy microgrids is estimated at a little more than $1 billion and solar installations are recommended for new…
Added by Long Islander on December 13, 2017 at 6:16pm — No Comments
The St. George Select Board voted Monday to oppose an offshore wind project taking shape about 12 miles away, standing with local fishermen who say the project and its transmission cable would harm their livelihoods.
The unanimous vote follows a recommendation made by an advisory committee created last month by the five-person Select Board to weigh the impact the Maine Aqua Ventus offshore wind project would have on the local community.…Continue
For Immediate Release: Tuesday, December 12, 2017
Contact: Steve McGrath, Director (207) 441-0359
Public Meetings Rescheduled on State Energy Plan
Augusta, Maine – The Governor’s Energy Office (GEO) is asking Mainers for their input as they develop an Energy Planning Roadmap that advances the state of Maine’s energy, economic development, and environmental goals.
The roadmap, which uses the 2015 state comprehensive energy plan update as a starting point …
The PUC will scrutinize the requests, and could dispute some costs. But by law, customers will pick up most of the tab, which is expected to run into the tens of millions of dollars.
CMP said it expects to submit its information later this week, or possibly next week. Emera Maine said its cost estimates…Continue
Added by Eric A. Tuttle on December 11, 2017 at 11:00am — No Comments
“After 25-years of subsidy-driven financing of renewable energy, Main Street Americans are now taxed billions annually so the richest Wall Street bankers and corporations can avoid their tax burden by funneling money to big wind development.”
“We support the House provision to remove the PTC inflation adjustment. Retaining the 2.4¢/kwh subsidy in light of lower installation costs and increased production confers a bounty on big wind that far…Continue
Added by Long Islander on December 11, 2017 at 10:53am — No Comments
MAINE OUTDOOR BRANDS FORMED TO FUEL MAINE’S OUTDOOR RECREATION ECONOMY
December 11, 2017; Portland, ME –An alliance of like-minded business leaders and entrepreneurs representing Maine-based outdoor product and recreation interests, recently launched Maine Outdoor Brands (MOB) with the desire of working collaboratively to ignite Maine’s outdoor recreation economy.…Continue
Added by Long Islander on December 11, 2017 at 9:30am — No Comments