Illinois’ taxing model for wind energy companies is touted as one of the best in the country, bringing in $30.4 million in property taxes in 2016, according to economic experts.
A complex system of federal and state tax credits has played a key role in the development of wind farms across the United States, with billions of dollars of support going to foreign and U.S. energy companies.
Investment in U.S. wind energy production has increased tenfold over the past decade with the help of billions of dollars in federal tax help, with foreign companies making up much of the increase.
The exemption leaves untaxed for life nearly $630 million in Kansas wind farm equipment, according to the Kansas Department of Revenue. If it were on the tax rolls, that equipment would generate around $82 million a year in additional revenue for the 24 rural counties with wind farms.
A group of eight Democratic senators on Tuesday called upon three federal departments to investigate whether billionaire investor — and adviser to President Donald Trump — Carl Icahn violated insider trading laws for his activity in the renewable fuel credits market.
A new U.S. Department of Agriculture report released in mid-January has found that greenhouse gas emissions associated with producing corn-based ethanol are about 43 percent lower than gasoline.
The new 10-year agreement, announced by the UI this week, will supply the Urbana campus with 25,000 MWh of energy, about 8.6 percent of the total generation from the Rail Splitter Wind Farm.
While ethanol has been hailed as an environmental boon, whether the use of ethanol as a fuel has a positive effect on the environment has been contested, even beyond spills.
An ethanol spill occurs every two days on average in the Midwest, the worst of which result in contamination of water supplies, major fish kills, loss of life and millions of dollars of damage. The Midwest Center for Investigative Reporting found that as production and transportation of ethanol has
On Sept. 12, the Institute for Sustainability, Energy and the Environment at the University of Illinois held its annual iSEE Congress at the Alice Campbell Alumni Center. The conference focused on how to improve energy efficiency and renewable energy to meet future energy needs. Here are six takeawa
