India’s new Prime Minister Narendra Modi has set ambitious new targets for reducing coal consumption and scaling up renewables. India will double the tax on coal production, promote renewable energy projects and electric vehicles to balance out emissions from coal-fired power plants. “With regard to coal, there’s a need to find a balance between taxing… Keep reading →
Energy Subsidies
Energy Quote to the Day: India Seeks Balance Between Taxing Pollution and the Price of Power
By Edward DodgeSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.The renewable energy sector is dynamic, with advancing technology and evolving policy. As 2015 beckons, here are some of the key questions that Portland, Oregon-based contributor Pete Danko will be asking as about U.S. renewables. 1) Is The PTC Winding Down or Dead? The wind industry won a small victory just before Congress went home,… Keep reading →
Energy News Roundup: US Wind Could Face Test, US Crude Oil Inventories Fall and Buyer’s Market for Oil M&A
By Jared AndersonThe tax credits – often referred to as subsidies – that help support US wind power development could be on the congressional chopping block. The US wind industry continually faced boom and bust cycles as the Production Tax Credit was renewed and allowed to expire several times in the past. A much hyped New York… Keep reading →
Energy News Roundup: US Renewables Competing on Price, Opec Thanksgiving & Largest US Offshore Wind Lease Sale
By Jared AndersonPower prices for electricity generated from wind and solar technology have dramatically decreased over the past 5 years to the point where wind and solar are cheaper than gas or coal in parts of the US. In some places it also appears renewable energy sources can beat fossil fuels on price without subsidies, although renewable… Keep reading →
Increasing domestic Saudi Arabian energy demand bumping up against volumes of oil available for export is an issue Breaking Energy has followed closely, and a new report from the International Energy Agency provides some updated detail on how the kingdom is addressing its energy dilemma. Renewable energy – primarily wind and solar – and nuclear… Keep reading →
It appears investors were so eager to dip their toes in Brazil’s solar power market they were willing to compromise on total investment returns. The auctions held on Halloween resulted in the award of 890 MW of capacity. Prior to the Brazilian auctions, the world’s lowest unsubsidized solar contracts were reportedly found in Uruguay at… Keep reading →
Energy News Roundup: Record Gas Output for Range, Scottish Wind Faces Subsidy Shortfall & Vattenfall Dances Around Coal
By Jared AndersonMarcellus shale gas producer Range Resources reported record production of 1.2 billion cubic feet per day equivalent of natural gas, but getting that gas to higher-value markets is proving a bigger challenge than producing it. “Executives quoted forecasts showing that between mid-2015 and 2018, pipeline companies are expected to add 34 Bcf/d of midstream capacity.… Keep reading →
Energy News Roundup: Higher Natural Gas Prices this Winter? Texas Energy Taxes Questioned & Vermont Net Metering Surge
By Jared AndersonUS natural gas prices have trended lower since the summer, but homeowners will likely pay slightly more for the heating fuel than last winter. “For consumers, prices will be about 6.8% higher than last winter, as gas utilities sell more expensive fuel they bought in the spring and summer, according to the U.S. Energy Information… Keep reading →
Wind Power Subsidies Stir Controversy in Texas
By Texas Chamber of Commerce Energy AssociationPhoto credit Texas State Comptroller Susan Combs is no fan of the Texas wind energy sector. The state has the largest wind capacity in the U.S., but Combs doesn’t seem to see the benefit of subsidizing wind energy; indeed, her office released a report that details the tax breaks given to wind power and recommends that they… Keep reading →
Energy News Roundup: Credit Suisse Cuts Oil Price Forecast, Gazprom’s Gas Exports Down & Oklahoma Wind Power Controversy
By Jared AndersonAnalysts at investment bank Credit Suisse cut their 2015 benchmark global oil price expectations in the face of bearish fundamentals, forecasting Brent to average $97 per barrel and WTI to average $89/bbl. All eyes are on Saudi Arabian exports, which are currently at the lower end of the historical spectrum and could decrease further when… Keep reading →