Tag Archives: renewable energy subsidies
Biden’s Offshore Wind Farm Target Will Increase Costs, Reduce Reliability
Congress passed the first temporary production tax credit for wind in 1992 and extended it 13 times since then. The Democrat’s reconciliation package contains about $235 billion in incentives for wind and solar,,, The reconciliation package Build Back Better would make the PTC and investment tax credit direct payments, instead of a tax credit against any taxes owed. That is, renewable energy developers would receive a check from the government for the subsidy. Further, solar, which has long qualified for an investment tax credit but not the production tax credit available to wind, would now qualify for both. The legislation would also restore the PTC and ITC to their original values as follows: >click to read< 14:41
Scotland’s ‘Green’ Jobs Myth Implodes: Wind Turbine Manufacturer Sacks Hundreds
A job that depends on subsidies, isn’t really a job, at all, it’s a make-work scheme cooked up by closet socialists. And, so it is, with the so-called “green jobs” that self-evidently exist, and only exist, while the renewable energy subsidies keep flowing. So, it should come as no surprise that the jobs “created” in association with those industries are an easy come, easy go, kind of affair.,, The South Korean-owned company running Britain’s only UK facility for manufacturing onshore and offshore wind towers based in Scotland has gone into administration. CS Wind (UK) had been seen as a key part of the green jobs revolution in Scotland. But its factory in Machrihanish, Argyllshire was down to just one full-time member of staff for nearly a year after a slump in orders. The announcement was met with anger from Unite Scotland who slammed the green jobs “myth”. >cluck to read< 11:19
