[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

‘Bankers earn back millions in tax by investing in wind power’  

Credit:  Saturday 08 February 2014 | www.dutchnews.nl ~~

Former ABN Amro chief executive Rijkman Groenink is among a group of senior banking officials who have been handed back millions of euros by the tax office after investing in sustainable energy, the Volkskrant reported on Saturday.

The paper researched the construction of Europe’s tallest wind turbine – the almost 200 metre high Ambtenaar (civil servant), built just metres away from the Noord-Holland village of Medemblik.

The turbine was sold as an investment object to a group of 21 bankers and financial specialists as a way of cutting their income tax bill, the Volkskrant says. The turbine was also partly funded through government subsidies.

Groenink told the paper many sustainable projects are funded in a similar way. ‘Socially-responsible targets are cmbined with a reasonable return on investment of 10%,’ he said.

At the same time, locals are angry about the noise made by the turbine, the paper says. The town council official who signed the building permit says now it should never have been built because it does not fit in local zoning laws.

Source:  Saturday 08 February 2014 | www.dutchnews.nl

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.