Good news! Donald Trump just won the election yesterday and already today shares in Vestas, the world’s largest wind turbine manufacturer, were falling. As we are always saying, “Without government subsidies to the wind industry, there is no wind industry.” Sales of wind turbines depend entirely on taxpayer money to create a demand and keep […]
Omnibus Spending Bill Extends Wind Energy PTC for 5 Years with Phaseout Over Last 3 Years
The $1.1 trillion, 2009 page omnibus spending bill was released, and, oh, by the way, buried at the end on page 2002, under Miscellaneous Provisions, was a five year extension of the PTC (Production Tax Credit) phased out with a reduction of 20% each year over the last three years. Congress must be proud of […]
Pioneer Green Energy Quits Wind Project in North East, PA
According to reports just received, Pioneer Green Energy sent letters to current lease holders in North East informing them leases allowing wind turbine construction on their property will not be renewed. The reason given is Pioneer’s belief there is not enough support in the current United States Congress for wind energy. Following the recent FAA […]
Pioneer Green Energy Pulls Out of Alabama Projects
According to an article on AL.com, a wind project planned for Cherokee and Etowah counties in Alabama will not be built due to Pioneer Green Energy pulling out of the project: According to a document filed July 9 in Cherokee County Probate Court, Pioneer Green Energy President Andrew Bowman signed a memorandum terminating a lease […]
North East PA Wind Project On Hold Because Taxpayer Funded Handouts Expired
Rumors have been circulating for a couple of weeks that the wind project planned for North East, PA and other surrounding areas had been put on hold. An article on GoErie.com confirms this is the case. Federal tax incentives for wind energy development expired Dec. 31, and that’s affected financing for new projects, said Johnny […]