NOT TRUE!…But they have hoodwinked some Senators. Will they also hoodwink Treasury Secy’ Mnuchin?
Six U.S. senators, citing the COVID-19 pandemic, have asked for “safe harbor” deadline extensions to assist renewable energy developers to meet construction deadlines and qualify for tax credits.
“Big wind does not have a COVID problem. It has a mismanagement problem,” Linowes told Texas Business Coalition. “Before the March 14 COVID shutdown, the industry was already reporting that 9,000 megawatts of 2016 safe-harbored turbines were expected to spill into 2021. This 9,000 megawatt spillover has nothing to do with COVID and everything to do with mismanaging delivery and construction timelines. Developers and (Iowa Sen. Charles) Grassley are shamelessly demanding taxpayers assume the price tag of their mismanagement. Such behavior should not be rewarded at our expense.”
The WindAction Group is, according to its website, “a national advocacy focused on the impact/benefits analysis and policy issues associated with industrial wind energy development.”
The six, Grassley (R-Iowa), Sen. John Thune (R-SD), Sen. Lisa Murkowski (R-AK), Sen. Ron Wyden (D-OR), Sen. Maria Cantwell (D-WA), and Joe Manchin III (D-WV) signed an April 23 letter asking Treasury Secretary Steven T. Mnuchin to extend the deadline. Either the treasury secretary or Congress can grant an extension…
Linowes said this is a “self-inflicted problem” that quickly spiraled out of control.
“Big Wind developers are looking back at the stockpile of safe-harbored turbines they knew would likely miss the 2020 deadline and they’re now hoping all of these turbines will qualify for the 100% PTC,” she said. “A one-year extension to the development window would fix things nicely. The public is being lied to about the issue. This is another massive cash grab by the wind industry. If you have any doubts see what the largest US wind developer reported this week.”
Linowes said while wind advocates claim oil, gas and nuclear power are heavily subsidized, the wind protection tax credit now represents the most expensive government expenditure (tax credits) in the energy sector, according to Treasury numbers.
“The wind PTC together with the energy investment tax credit (ITC) used for solar energy, dwarf all other energy-related credits and will reach over $9 billion in 2021 alone and over $60 billion cumulatively through to 2029,” she said. “Any further extensions will increase this cost to taxpayers.”…