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Started By
Message
re: Trump Vows Day One Executive Order Targeting Offshore Wind
Posted on 5/15/24 at 8:13 am to billjamin
Posted on 5/15/24 at 8:13 am to billjamin
quote:
That’s false for land turbines. They make plenty of money
Without subsidies?
Not that, if the OP is correct, that any president should be talking about banning something like wind turbines. Just pull the subsidies if it's an inefficient use of funds. Subsidize nuke plants if you really want to get rid of fossil fuels.
2
Posted on 5/15/24 at 9:41 am to Flats
quote:
Without subsidies?
Yeah. The subsidy is just a tax credit per Wh generated. There are a few that probably got DOE loans or some placed grants, but that's incredibly rare. The vast majority just get the tax credit.
Posted on 5/15/24 at 9:44 am to billjamin
quote:
Yeah. The subsidy is just a tax credit per Wh generated.
Tax credits are subsidies.
Posted on 5/15/24 at 9:53 am to Flats
quote:
Tax credits are subsidies.
Im aware. I didn’t say it wasn’t. Hut they still make money regardless of the PTC (which also covers more than just wind).
Posted on 5/15/24 at 10:57 am to Flats
quote:Missed this part. We already do. They get a PTC just like wind and geo.
Subsidize nuke plants if you really want to get rid of fossil fuels.
Posted on 5/15/24 at 12:09 pm to billjamin
quote:
Missed this part. We already do. They get a PTC just like wind and geo.
That doesn't surprise me but we're obviously not pushing them like we are wind turbines. The regulatory process alone can render new nuke plants unfeasible.
Posted on 5/15/24 at 12:20 pm to Flats
quote:
That doesn't surprise me but we're obviously not pushing them like we are wind turbines. The regulatory process alone can render new nuke plants unfeasible.
Biggest issue isn't regulatory, that cost and schedule is quantifiable. The bigger issues is cost of capital, political volatility, and NIMBY lawsuits pre-construction.
Investors need to tie up a huge amount of money to get the project moving, it has an incredibly long ROI and if the political climate changes and they boot the PTC, they're fricked. And once you get past all that uncertainty and get a term sheet, the locals grab the pitchforks and lawyers and you get to pay ten million to fend off the lawsuits.
Luckily, the IRA expanded on the old PTC and thats giving the people who provide the project capital better confidence that it can get done. We'll see. I have seen an increase in project diligence requests for nuclear, so that's something.
This post was edited on 5/15/24 at 12:22 pm
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