re: Trump says he’s canceling windmills and solar fields

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don't think he can override tax law passed by congress via EO.

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And maybe (if that is the case of targeting tax credit) that is why I have only seen EO directed at wind farms. Might see bills to address this issue in the future.

Not sure how this will work.. I believe 99 percent of existing and planned windfarms are on private land.. I have not seen any solar farms on federal land either..oil industry is pretty good about getting things subsidized and our production has tax “breaks” associated with it also ..it is/was an important resource required for industrialization and defense ( war).

So the president can restrict commercial activity on private land?
Fwiw feds can not restrict drilling or fracking for oil on private or state land

Also is not most of the coastline out to a certain water depth state leases ..

I know those windmills pay the landowner some pretty darn good mailbox money ..

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All that for 2%. Makes you wonder. 35,000 acres is equal to 55 sq miles.

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Nuclear or Natural gas plants can provide 100% on about 200 acres

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And maybe (if that is the case of targeting tax credit) that is why I have only seen EO directed at wind farms.

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Correct. The EO is focused on wind on federal land and pausing leases.

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Might see bills to address this issue in the future.

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Maybe, but i doubt we see the ITC, PTC or AMC go away.

Will this make existing solar farms already in operation more valuable or worthless?

Eta: I'm wondering if existing solar farms can at least supplement the grid and still provide some use as a grandfathered in operation, or does this EO attempt to axe existing ones too. Just curious.

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he should just kill all Gov subsidies they would all go away naturally

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^This

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That's kind of what I was thinking but didn't know just how far this order digs into the BP Lightsource ops like you see around New Roads/Ventress etc.

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I haven't seen an EO that talks about solar yet. The one issued targeted federal wind leases, which are almost exclusively offshore.

So, solar hasn't been targeted yet. But even if it does, they would have a hard time spinning that to impact development on private land. The one thing the could do is revoke the tax credits, but that will take congressional action and seems unlikely. But even still that would only impact pre-interconnection projects. There is an edge case for a select few utility projects that are using the PTC vs the ITC and revocation of the IRA may hit a few of those, but from what i know about the financial modeling, the only places that are using the PTC are in high irradiance areas like arizona.

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I'm wondering if existing solar farms can at least supplement the grid and still provide some use as a grandfathered in operation, or does this EO attempt to axe existing ones too.

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Existing interconnected solar farms will continue to operate as normal unless something absolutely insane happened. They have long term PPAs in place and I'm not sure anyone in congress has the appetite to piss off wall street like that because they would collectively melt if all their solar paper got vaporized.

Trump needs to push nuclear power.

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They have long term PPAs in place and I'm not sure anyone in congress has the appetite to piss off wall street like that because they would collectively melt if all their solar paper got vaporized.

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I completely forgot about this because aren't these like 30 to 40 year contracts.