The U.S. wind energy industry and its 75,000 employees breathed a big sigh of relief last week as the federal renewable energy Production Tax Credit was extended, and the reaction of supporters and analysts in the media and elsewhere was generally favorable. Here are some highlights: U.S. Sen. Mark Udall (D-Colo.), press release: “‘The extension … Continue reading Reaction to PTC extension generally upbeat
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75,000 wind energy workers to Senate Finance Chairman Max Baucus and Father of the PTC Chuck Grassley: “Thank you!”
The wind power industry production and investment tax credits have been officially extended, and now tens of thousands of wind workers will remain employed. The U.S. wind energy industry has averaged $15.5 billion a year in private investment, and today, the equivalent of nearly 13 million American households is powered with clean, affordable, wind power. … Continue reading 75,000 wind energy workers to Senate Finance Chairman Max Baucus and Father of the PTC Chuck Grassley: “Thank you!”
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Last-minute deal in US extends successful wind energy PTC
It came a day late, but US politicians in Washington finally approved on Tuesday a major piece of legislation that would increase taxes only on the most wealthy Americans as well as extending the highly-successful Production Tax Credit (PTC) on wind power projects. Backed by both the Senate and the House of Representatives, the bill … Continue reading Last-minute deal in US extends successful wind energy PTC
Continue readingVestas sees stronger US wind energy market due PTC extension
Vestas believes strongly in the U.S. wind energy industry, and has made significant investments in the region through new manufacturing facilities in recent years. These investments contribute to creating the U.S. industrial base the PTC extension helps to sustain. The short-term PTC extension is critical to ensure projects move forward and orders are placed that … Continue reading Vestas sees stronger US wind energy market due PTC extension
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Vestas, Gamesa Advance After U.S. Extends Wind Energy PTC
Vestas Wind Systems A/S (VWS), the biggest wind-turbine maker, led gains among European peers as the U.S. Congress approved a law extending a tax credit for the industry. Shares in Aarhus, Denmark-based Vestas surged as much as 13 percent, the most in five weeks, and were up 8.7 percent at 34.64 kroner as of 12:52 … Continue reading Vestas, Gamesa Advance After U.S. Extends Wind Energy PTC
Continue readingPTC: Wind energy may emerge as one of the winners of the fiscal cliff tax negotiations
Wind energy may emerge as one of the winners of the fiscal cliff tax negotiations, as compromise legislation passed by the Senate on Tuesday morning included a tax credit for renewable energy, according to the Associated Press. The Senate overwhelmingly approved compromise legislation that would cancel some of the tax increases and spending cuts, characterized … Continue reading PTC: Wind energy may emerge as one of the winners of the fiscal cliff tax negotiations
Continue readingWind energy PTC set to expire today
Key federal incentives for wind power are set to expire today as fiscal cliff negotiations stretch into the final hours of 2012. The production tax credit provides a 2.2-cent tax break for every kilowatt-hour of electricity produced from large-scale wind farms. The wind energy industry supports manufacturing and construction jobs in Pennsylvania, according to the … Continue reading Wind energy PTC set to expire today
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What Do Americans Really Think About Wind Energy?
The clean energy industry faced several challenges this year, including the uncertainty surrounding the fate of the production tax credit for wind power and the demise of some high-profile solar energy firms. Public sentiment about issues related clean energy and the environment, however, has not always reflected developments in the market and in the political … Continue reading What Do Americans Really Think About Wind Energy?
Continue readingAmerican Tradition Institute’s Taylor and Tanton blowing smoke on wind energy incentive
The Washington Times, which has carried many anti-wind columns over the past year, published another recently, filled with the usual errors, by George Taylor and Tom Tanton of the American Tradition Institute (ATI) concerning a recent report they have authored for ATI. Wind energy’s primary incentive, the production tax credit (PTC), has only been … Continue reading American Tradition Institute’s Taylor and Tanton blowing smoke on wind energy incentive
Continue readingPhase-out of wind energy Production Tax Credit would enable U.S. industry to become fully cost-competitive
The American Wind Energy Association today described what a future phase-out of its primary federal incentive could look like, saying “we’re already showing we’re a leader in innovation. Now we’re showing we’re a leader in addressing the country’s fiscal issues.” Denise Bode, AWEA’s CEO, stressed that, “At the same time, our number one priority … Continue reading Phase-out of wind energy Production Tax Credit would enable U.S. industry to become fully cost-competitive
Continue readingWind energy PTC promotes Montana jobs
Here in the Treasure State, we have available to us some of the best opportunities for wind energy in the country. But at the end of this calendar year, the production tax credit is set to expire, hindering the potential for increased energy independence, and indicating major job losses for Montana. This next Congress needs … Continue reading Wind energy PTC promotes Montana jobs
Continue readingAWEA applauds Western Governors’ call to extend wind energy tax credit
The American Wind Energy Association (AWEA) today hailed the action by the Western Governors’ Associationtelling Congress to extend the Production Tax Credit (PTC) for wind energy before it expires at the end of December. In a letter to the U.S. Senate and House leadership, the governors warned that part of their states’ diverse energy … Continue reading AWEA applauds Western Governors’ call to extend wind energy tax credit
Continue readingWind energy in US same as taking 13 million cars off the road
Electrical power generation from wind energy last year prevented as much global warming pollution as taking 13 million cars off the road, says a new widely-quoted report published in the US. The report — Wind Power for a Cleaner America: Reducing Global Warming Pollution, Cutting Air Pollution and Saving Water — adds that wind power … Continue reading Wind energy in US same as taking 13 million cars off the road
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Lesser misstates facts at Heritage-Exelon anti-wind energy briefing
Economist Jonathan Lesser, who authored a recent report on wind power for Exelon Corp. as part of its campaign against the federal wind energy Production Tax Credit (PTC), made a number of misstatements about wind at a Capitol Hill briefing sponsored by Exelon and the Heritage Foundation. As the late Senator Daniel Patrick Moynihan once … Continue reading Lesser misstates facts at Heritage-Exelon anti-wind energy briefing
Continue readingAWEA joins former servicemen and women now working in wind energy
The American Wind Energy Association joined forces with Operation Free at a bipartisan, bicameral press conference with Sen. Mark Udall (D-Colo.), Sen. Charles Grassley (R-Iowa), Rep. Steve King (R-Iowa), Rep. Jerry McNerney (D-Calif.), and veterans from around the country to call on Congress to extend the renewable energy Production Tax Credit (PTC). Thousands of … Continue reading AWEA joins former servicemen and women now working in wind energy
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Two more polls confirm popularity of clean, wind energy
Two new public opinion polls, one national and one conducted in the state of Michigan, have reaffirmed Americans’ broad support for clean, renewable energy sources such as wind and solar power. The national survey, from which pertinent results were released last week, was carried out in early September by the Yale Project on Climate Change … Continue reading Two more polls confirm popularity of clean, wind energy
Continue readingFive ways wind energy can survive without PTC extension
I explained why Obama winning re-election is not necessarily an automatic savior for the wind power industry. Basically, an extension of the Production Tax Credit (PTC) is not a given (although I give it better than even odds), and the current extension being pushed by the American Wind Energy Association would act as little more … Continue reading Five ways wind energy can survive without PTC extension
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Bipartisan Support for Extending the PTC for Wind Energy
A bipartisan group of four governors and a U.S. senator urged Congress to extend the production tax credit for wind energy, one of a number of tax incentives scheduled to expire at the end of the year. A bipartisan group of four governors and a U.S. senator urged Congress to extend the production tax credit … Continue reading Bipartisan Support for Extending the PTC for Wind Energy
Continue readingWind energy PTC good for Montana
Bob Winger’s recent editorial arguing against the wind production tax credit ignores the purpose of this incentive and immense economic and environmental benefits that wind energy provides to Montana. The production tax credit has helped Montana develop a new industry that creates hundreds of jobs and contributes millions of dollars to Montana’s economy. Wind energy … Continue reading Wind energy PTC good for Montana
Continue readingInvestors Worth $800 Billion Lobby for Wind Energy Tax Credit
According to the American Wind Energy Association, the production tax credit has led to $20 billion in private investment and the creation of 75,000 jobs. Two dozen investors with more than $800 billion in assets under management are urging an immediate extension of the production tax credit for renewable energy, which expires December 31. The … Continue reading Investors Worth $800 Billion Lobby for Wind Energy Tax Credit
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