Municipal bonds are a major source of financing for public power projects, and their tax-exempt status is one of the factors that makes them appealing for investors who might otherwise demand higher returns on their money.
The American Public Power Association has launched an intense campaign to undermine current proposals before Congress that would change the current tax advantages municipal bonds enjoy. As the hunt continues in DC for new revenue that can help plug growing budget deficits that in turn have incurred repeated political crisis, long-held tenets of tax code advantages and exemptions have begun to come under review. Keep reading →
A long-time veteran of the renewable energy business–with experience in both the biofuel and CSP sectors–David Field currently works as President & CEO of OneRoof Energy.
He visited the Breaking Energy office recently to discuss OneRoof Energy’s recently announced residential rooftop solar leasing program and his views on the distributed generation (DG) electrical generation markets, the solar industry and financial trends in the industry relating to tax breaks and renewable energy credits. Keep reading →
Despite the fact that the DOE has told SolarCity it will not be able to close a planned September 30 loan guarantee, blaming increased paperwork from the Congressional investigation into the Solyndra scandal, the DOE Loan Program is moving ahead with wind development guarantees, claiming they will revitalize the economy.
The most recent investment includes a $168.9 million partial loan guarantee to Granite Reliable Power for a 99 MW wind farm in Coos Country, New Hampshire. The project will add 200 jobs to the economy, the DOE statement claimed. Keep reading →
With the news today that Solyndra executives plan to plead the fifth and stay silent during hearing on the company’s fall to bankruptcy, speculations ran wild on what exactly they might be hiding.
In a move intended perhaps to subdue the uproar, Solyndra issued an official statement this afternoon. Keep reading →
Despite the recent financial setbacks to the Cape Wind project, New Jersey will be following Massachusetts and clearing its water for offshore wind development, Governor Chris Christie announced on Monday. Keep reading →