Even while calling for an all-of-the-above energy approach, Trump called wind and solar energy “very expensive.” “Without subsidy, wind doesn’t work,” he said. But John Boorman, vice president of the Iowa Wind Energy Association, said all sources of energy get subsidies, including billions of dollars annually for the oil industry.
Mr. Trump said that in his first 100 days in office, he would “rescind” Environmental Protection Agency regulations established under Mr. Obama to curb planet-warming emissions from coal-fired power plants. “Regulations that shut down hundreds of coal-fired power plants and block the construction of new ones — how stupid is that?” Mr. Trump said.
Earlier this week, in Iowa, something really big happened. It’s fitting that the tallest wind turbine ever to be built on American soil would be built in Iowa—the state that blows all the others away when it comes to investing in this clean, renewable energy source. Iowa was the first state to pass a renewable portfolio standard (RPS) back in 1983; since then, it’s become the country’s undisputed leader in pursuing wind energy.
And at an event in Iowa, one of the nation’s top wind-farm states, Trump also offered grudging support for a federal tax credit for wind energy. While calling wind turbines “very, very expensive” to build and maintain, Trump said he is “OK” with subsidies. “I don’t think they work without subsidy, which is a problem,” he said. Trump also supports the corn-ethanol mandate, which is hugely popular in Iowa and other Midwest states.
Trump also criticized solar and wind energy production as “very expensive” and asserted that wind energy production is too much of a threat to birds. “Wind is killing all the eagles,” Trump said, later adding that wind “doesn’t work with a subsidy.”
Trump framed his vision — including a “100-day action plan” that would roll back environmental regulations implemented by the Obama administration targeting carbon emissions and clean water — not only in terms of job creation but as an economic stimulus plan that would create new funds for roads and bridges, as well as schools and even Social Security
Senior appropriators are frustrated over the unexpected defeat of the House’s energy and water spending yesterday, but they also believe there’s a chance the measure will still make it to the president’s desk. The House rejected the $37.4 billion H.R. 5055 after two days of debate that had seemingly put it on a path to final passage. But 130 Republicans, frustrated over a provision aimed at barring discrimination of lesbian, gay, bisexual and transgender workers by federal contractors, sided with all but six Democrats, who opposed spending levels and policy riders, to defeat the bill with almost no advance warning.
Dong Energy, the Danish utility and the world’s largest offshore wind energy operator, said on Thursday that it could be valued at up to 106.5 billion Danish kroner, or about $16 billion, in its initial public offering in Copenhagen next month. The company unveiled plans this month to list its shares on Nasdaq in Copenhagen, after saying in September that it would pursue a public offering of shares after a review.
Two new studies make the case that rooftop solar can be a net benefit to ratepayers, despite concerns from some utilities that say it hurts their business model. The papers are the latest volleys in a raging fight about the economic impacts of rooftop solar and other distributed resources like energy efficiency.
It’s tough to argue with free. That’s why the no-money-down solar lease became the most popular choice for U.S. rooftop power. Now, though, the equation is changing. Falling costs are making it easier for consumers to buy solar systems outright, and banks and solar installers are promoting loans with no upfront payments. That’s a threat to companies such as SolarCity Corp., Sunrun Inc. and Vivint Solar Inc., which built their businesses on people signing decades-long contracts.