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Resource Documents: Economics (218 items)
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Death of a Wind Farm
Author: Orr, Isaac; and Rolling, Mitch
[Summary] The Nobles wind farm has already been repowered after just 12 years in service. Repowering wind projects allows them to requalify for the wind Production Tax Credit (PTC), which expires after the first 10 years of a project’s life [“The primary motivations for partial repowering have been to re-qualify for the PTC” —U.S. Department of Energy (Land-Based Wind Market Report: 2022 Edition). Data from the U.S. Department of Energy shows that the wind facilities repowered in 2021 ranged in . . .
More »New York State Great Lakes Wind Energy Feasibility Study
Author: New York State Energy Research and Development Authority
[from Summary:] Based on the totality of this analysis, this concludes that Great Lakes Wind currently does not offer a unique, critical, or cost-effective contribution toward the achievement of New York State’s Climate Act goals beyond what existing, more cost-competitive programs are currently expected to deliver. This conclusion is based on a fulsome analysis of the resource development costs, ratepayer impacts, expected State benefits, transmission and interconnection limitations, infrastructure and supply chain constraints, visual impacts, and potential environmental impacts of . . .
More »Federal Support for Developing, Producing, and Using Fuels and Energy Technologies (2016)
Author: Dinan, Terry; and U.S. Congressional Budget Office
Table 1. Energy-Related Tax Preferences, 2016 Type of Fuel or Technology Supported Tax Preference Estimated Total Cost(Billions of Dollars) Expiration Date Tax Preferences Affecting Income Taxes Renewable Energy Credits for the production of electricity from renewable resources 3.4 Various Credits for investments in solar and geothermal equipment, fuel cells, and microturbines 2.6 Various Credit for investment in advanced energy property, including property used in producing energy from wind, the sun, or geothermal sources 0.3 Fixed $2.3 billion in credit; available . . .
More »Biden Administration’s Offshore Wind Fantasy
Author: Lesser, Jonathan
As this report will demonstrate, the realities of offshore wind planning, development, and construction render the president’s goal unachievable. A single offshore wind project can easily take longer than a decade to develop. Although numerous projects scheduled to be built before 2030 have been announced in the last decade, only one—the 800-MW Vineyard Wind project, to be built off the Massachusetts coast south of Martha’s Vineyard—has begun preliminary construction. And that project is facing at least three lawsuits that are . . .
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