Proposed world’s first wind tax could cost a 100 MW farm $20 mn

A one-of-its-kind plan to tax the wind in Argentina has drawn scorn from clean-energy companies. Puerto Madryn, a city on the Atlantic coast where gusts are coveted by wind developers like Genneia SA, wants to tax the megawatts of energy sold by wind farms, according to the proposal. The tax could cost a 100-megawatt farm US$20 million, creating problems for existing projects whose investors won’t have factored in that kind of hit from left field, and halting the construction of new ones.

Source: Buenos Aires Times