Tag Archives for subsidies
This Bloomberg Business reporter doesn’t appear to recognize that she is openly disparaging the London Array Project, and renewable energy in general, as incapable of competing without billions of pounds in subsidies. As she gushes over the development of the … Continue reading
Regulation magazine recently published an interesting article on the high costs and market disruptions associated with long-term subsidies to the renewable energy sector. An NCPA review of the Regulation Mag article notes, Subsidies for renewable energy distort markets and are economically inefficient, … Continue reading
The wind production tax credit (PTC) supports as much as 30% of the wind industry’s cost – and is equivalent to 50% to 70% of the wholesale price of electricity. But we keep hearing that wind energy is “competitive” with coal. … Continue reading
Interesting article on the Australian Financial Review. Australian energy use is in decline because of increasing costs, however energy use peaks are worsening during times of extreme heat. Declining energy use is making it more difficult for energy producers to … Continue reading
After only a year of operation, Siliken, a Windsor, Ont. based solar panel manufacturing plant is closing its doors and laying off hundreds of employees. Company brass charges the Ontario government with “luring” them in with promises of subsidies and … Continue reading
An wood-to-ethanol factory – Range Wood Fuels – that received $65 million in state and federal subsidies was sold Tuesday for “pennies on the dollar.” A New Zealand-based company – LanzaTech – which purchased the defunct ethanol producer has received … Continue reading
Federal subsidies for green energy are up over 500% and yet 6 of the top 10 solar companies are still reporting losses. At the same time we’re regulating the closure of far more affordable, abundant/secure, increasingly clean, domestic energy resources.