Wind Power Wants U.S. Oil Tax Break

Source: Bloomberg, Richard Rubin (7/20/11)

"Wind power companies want to follow in tapping a Reagan-era tax break for oil and gas companies."

Bloomberg, Richard Rubin

Wind-power companies want to follow KKR & Co. and Blackstone Group LP in tapping a Reagan-era tax break for oil and gas companies when U.S. renewable energy tax credits start expiring at the end of this year.

Developers of wind farms and solar power plants have begun lobbying for legislation that would let them form master limited partnerships (MLPs), a financial structure used by pipeline operators, drillers and mine operators, as well as private-equity companies. The publicly traded equities, valued at more than $230B at the end of last year, pay no corporate taxes, passing tax liability directly to investors.

Eliminating the corporate tax burden increases the potential profit of MLPs and makes them appealing to wealthy investors. The tax vehicles were responsible for building much of the U.S. oil and gas pipeline networks, and they may deliver the same boost to alternative energy projects.

Expanding the partnerships to renewable energy projects may not be high on the agenda of the Obama administration and lawmakers, who are focused on the debt ceiling, reducing the deficit and debating what tax breaks should be eliminated.

Wind and solar projects currently qualify for tax grants from the U.S. Treasury of as much as 30% of their construction costs. That program is set to expire at the end of this year. Underlying tax credits expire for wind in 2012 and for solar in 2016.

Under a 2008 law, Congress added industrial carbon dioxide, transportation biofuels, alcohol and certain other alternative fuels. All of this has helped wind and solar industry lobbyists make their case for inclusion.

Oil & Gas Company to Acquire Hydrogen Tech Firm's Assets
Source: Streetwise Reports (01/26/2021)

Jericho Oil will gain the acquiree's award-winning, patented, zero-emissions Dynamic Combustion Chamber boiler.

High Performance Energy Storage Company Posts 132% Increase in Yearly Revenue
Source: Streetwise Reports (01/24/2021)

Eguana Technologies reported financial and operating results for FY/20 that demonstrated substantial improvements in both revenue and gross margins.

NGL Energy Shares Rise 21% as It Seeks to Raise $2.05 Billion from Senior Secured Note Offering
Source: Streetwise Reports (01/21/2021)

Shares of NGL Energy Partners LP traded higher after the firm made a series of announcements over the past three days regarding an update on financial operations, a settlement with a customer in bankruptcy, a quarterly Class D unit distribution and a $2.05 billion senior secured debt offering.

Company Accelerates Development and Deployment of Solar Projects
Source: Streetwise Reports (01/15/2021)

UGE International provided an update on its project and corporate activities during Q4/20.

Ballard Receives Order for Scotland’s First Fuel Cell-Powered Train
Source: Streetwise Reports (01/12/2021)

Shares of Ballard Power Systems traded 18% higher to a new 52-week high after the company reported that it had received an order from Arcola Energy for its FCmove-HD fuel cell modules that will be used to power Scotland's first fuel cell-powered train.

Solar Energy Company Secures Bid to Build Additional 5.4MW DC Community Solar Project
Source: Streetwise Reports (01/06/2021)

UGE International reported that just prior to year-end 2020 it secured a contract to build a new US$9.9 million, 5.4MW DC community solar project in the State of Maine.

This Tiny Tech Stock Is Quietly Building a Huge Business in Air Quality
Source: Matt Badiali for Streetwise Reports (01/05/2021)

Independent financial analyst Matt Badiali discusses how mCloud's technology is making it possible for office buildings to reopen during the pandemic.

Clean Energy Fuels Partners with Total SE to Develop Carbon-Negative RNG Production Facilities
Source: Streetwise Reports (12/22/2020)

Shares of Clean Energy Fuels Corp. traded 23% higher to a new 52-week high price after the company reported it is entering into a $145 million 50-50 joint venture with Total SE of France to develop carbon-negative renewable natural gas production facilities in the U.S.

Company Providing Microgrid Optimization Set for 'Exponential' Revenue Growth
Source: John "Jack" C. Hurley for Streetwise Reports (12/08/2020)

Value investor John "Jack" C. Hurley outlines the value proposition behind technology company CleanSpark.

Shares of SolarWindow Technologies reached a new 52-week high after the company reported it has created the "first-ever" electricity-generating flexible glass using a high-speed manufacturing process.