Trump admin slaps solar, wind operators with retroactive rent bills - Reuters
(Reuters) - The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills at a time the industry is struggling with the fallout of the coronavirus outbreak, according to company officials.
The move represents a multi-million-dollar hit to an industry that has already seen installation projects canceled or delayed by the global health crisis, which has cut investment and dimmed the demand outlook for power.
It also clashes with broader government efforts in the United States to shield companies from the worst of the economic turmoil through federal loans, waived fees, tax breaks and trimmed regulatory enforcement.
U.S. power plant owner Avangrid Inc, majority owned by Spain’s Iberdrola, received a bill for more than $3 million for two years of rent on its 131-megawatt Tule wind project on federal land near San Diego, according to spokesman Paul Copleman.
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Coal is on the way out & now solar/wind renewables can't catch a break in the pandemic, where power demand has dropped. And in some states if you put solar panels on your roof to get free of the grid, the utility bills you anyway.
Cattle = food. Should we be raising costs for cattle farmers, thereby raising the price of beef at the grocery store? That doesn't make much sense. Does it?
Solar panels = energy. Should we raise the costs of energy? Doesn't make sense, does it?
Solar generated electricity costs twice as much per watt as fossil fuels.
Trump admin slaps solar, wind operators with retroactive rent bills - Reuters
(Reuters) - The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills at a time the industry is struggling with the fallout of the coronavirus outbreak, according to company officials.
The move represents a multi-million-dollar hit to an industry that has already seen installation projects canceled or delayed by the global health crisis, which has cut investment and dimmed the demand outlook for power.
It also clashes with broader government efforts in the United States to shield companies from the worst of the economic turmoil through federal loans, waived fees, tax breaks and trimmed regulatory enforcement.
U.S. power plant owner Avangrid Inc, majority owned by Spain’s Iberdrola, received a bill for more than $3 million for two years of rent on its 131-megawatt Tule wind project on federal land near San Diego, according to spokesman Paul Copleman.
==========================================================
Coal is on the way out & now solar/wind renewables can't catch a break in the pandemic, where power demand has dropped. And in some states if you put solar panels on your roof to get free of the grid, the utility bills you anyway.
Kind of a tenuous connect to the sub-forum topic, eh?Trump admin slaps solar, wind operators with retroactive rent bills - Reuters
(Reuters) - The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills at a time the industry is struggling with the fallout of the coronavirus outbreak, according to company officials.
The move represents a multi-million-dollar hit to an industry that has already seen installation projects canceled or delayed by the global health crisis, which has cut investment and dimmed the demand outlook for power.
It also clashes with broader government efforts in the United States to shield companies from the worst of the economic turmoil through federal loans, waived fees, tax breaks and trimmed regulatory enforcement.
U.S. power plant owner Avangrid Inc, majority owned by Spain’s Iberdrola, received a bill for more than $3 million for two years of rent on its 131-megawatt Tule wind project on federal land near San Diego, according to spokesman Paul Copleman.
==========================================================
Coal is on the way out & now solar/wind renewables can't catch a break in the pandemic, where power demand has dropped. And in some states if you put solar panels on your roof to get free of the grid, the utility bills you anyway.
Solar generated electricity costs twice as much per watt as fossil fuels.
The best way to compare solar energy and fossil fuels without subsidies is to examine global energy prices. Consider this: global coal prices have historically averaged $0.06 cents per kilowatt-hour (kWh). Until the past decade, no alternative energy resource came close to rivaling that price. Fossil fuel steam averages around $0.05 cents/kWh and small scale natural gas can go as low as $0.03 cents/kWh. It’s no wonder that the world was shocked in 2016 when a major commercial solar installation bid an extremely low price for PV at $0.029 per kWh – effectively leveling the playing field between solar and fossil fuels’ cheapest offerings.
Going solar is a money-saver in the long term, even though startup costs are higher for the consumer. Electricity from fossil fuels costs between 5 cents and 17 cents per kilowatt-hour. Solar energy costs average between 3 cents and 6 cents per kilowatt-hour and are trending down, according to the National Renewable Energy Laboratory.
Subjective, Trump may not have anything to do with the completion of the review,
just like he likely had nothing to do with stopping collecting the rent in the first place, at the end of 2018.
Trump admin slaps solar, wind operators with retroactive rent bills - Reuters
(Reuters) - The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills at a time the industry is struggling with the fallout of the coronavirus outbreak, according to company officials.
The move represents a multi-million-dollar hit to an industry that has already seen installation projects canceled or delayed by the global health crisis, which has cut investment and dimmed the demand outlook for power.
It also clashes with broader government efforts in the United States to shield companies from the worst of the economic turmoil through federal loans, waived fees, tax breaks and trimmed regulatory enforcement.
U.S. power plant owner Avangrid Inc, majority owned by Spain’s Iberdrola, received a bill for more than $3 million for two years of rent on its 131-megawatt Tule wind project on federal land near San Diego, according to spokesman Paul Copleman.
==========================================================
Coal is on the way out & now solar/wind renewables can't catch a break in the pandemic, where power demand has dropped. And in some states if you put solar panels on your roof to get free of the grid, the utility bills you anyway.
One is a cash subsidie and one isn't. Without welfare, the green companies wouldn't exist. When did you become so fond of corporate welfare?
the ceo at first solar says thank you for his $5 million sign-on bonus.
nice pay package for first solar’s new ceo | greentech media
Ahh! You're all for corporate welfare as long as it's something you like.
Cynthia Warner over at Renewable Energy Group thanks you from the bottom of her heart for funding her $4.6 million salary + compensation.
Compensation Information for Cynthia J. Warner, President and Chief Executive Officer of Renewable Energy Group, Inc. | Salary.com
If it woasn't for fossil fuels, most of the planet's population would starve to death
What is left off....
The Interior Department had stopped charging the rents at the end of 2018 to review company complaints that former President Barack Obama’s administration had increased them too much, making them uncompetitive with rents on private property.
The rent bills landed around the same time the Bureau of Land Management notified oil and gas drillers on federal lands of the procedures they would need to follow to get relief from paying royalties amid an oil market slump.
The administration has also expanded the drilling industry’s access to economy-wide government lending facilities and is contemplating ways to pump additional billions of dollars into the sector through tax breaks.
The Nuclear Regulatory Commission, meanwhile, recently agreed to a 90-day fee deferral for nuclear power plant owners due to economic disruptions caused by the pandemic.
Solar generated electricity costs twice as much per watt as fossil fuels.
- Prices per megawatt hour from electricity for coal-fired power plants range from a low of $60 to a high of $143..
- Wind is significantly cheaper: Unsubsidized, levelized prices per megawatt hour of electricity from wind range from $29 to $56, according to Lazard’s most recent figures.
- For solar electricity, unsubsidized, levelized prices range from $40 to $46, according to Lazard figures.
Why should they get a free ride? Another case of the federal government giving money to alternative energy schemes that will not provide enough energy to power the earth without carbon fuels.
Also this seems relevant:
Climate change: Coal now more expensive than wind, solar energy
You got any figures for us, or are you a decade or so out of date with your talking points?
So if their product is life or death, why do they need subsidies?
The company makes bio-diesel. Why do you hate soy bean farmers, that feed that industry?
Does the same regulations apply to all the oil rigs, a d cattle ranchers on public land???
Not surprising, Trump has gone full in on anything that benefits fossil fuel at the expense of everyone else.
Show proof that it hasnt then.
No comment on the government retroactively billing private businesses without oversight?
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