The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills at a time the industry is struggling with the fallout of the coronavirus outbreak, according to company officials.
U.S. power plant owner Avangrid Inc , majority owned by Spain's Iberdrola , received a bill for more than US$3 million for two years of rent on its 131-megawatt Tule wind project on federal land near San Diego, according to spokesman Paul Copleman. The Interior Department had stopped charging the rents at the end of 2018 to review company complaints that former President Barack Obama’s administration had increased them too much, making them uncompetitive with rents on private property.
The rent bills landed around the same time the Bureau of Land Management notified oil and gas drillers on federal lands of the procedures they would need to follow to get relief from paying royalties amid an oil market slump. Renewable companies are also facing significant headwinds from the coronavirus. Project delays have threatened their ability to tap lucrative federal subsidies needed to compete with fossil fuels and cut the growth outlook for U.S. wind and solar installations by 5per cent and 10per cent, respectively, this year, according to the Energy Information Administration.
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