in News Departments > Policy Watch
print the content item

Following in the footsteps of Sen. Bernie Sanders, I-Vt., Sen. Patrick Leahy, D-Vt., recently called on Congress to extend the expiring wind energy production tax credit (PTC).

"This extension is critical to maintaining America's leadership in green energy development and can directly increase domestic job growth," Leahy said during an address from the senate floor. "Vermont has already seen the positive results of the production tax credit for wind energy, but the wind industry impacts our entire country. Every American has a stake in the extension of this tax credit."

In his remarks, Leahy said the uncertainty surrounding the PTC is already evident in his home state. He cited NRG Systems and the effect of the company's first-ever layoffs as evidence that the PTC woes are taking a toll.

"Companies like NRG are putting new projects on hold, and for the first time in its 30-year history NRG Systems has been forced to lay off workers - a devastating prospect for a business in a rural state that has prided itself on its ability to adapt to changing market conditions and its strong support for its workers," Leahy said.

Also during the address, Leahy cited that the previous times the PTC has been allowed to expire, revenues fell, businesses closed and jobs were lost.

"There are ways to avoid this catastrophe," he said. "We must continue the PTC now, or we will most certainly cede these jobs to other countries. I urge all Senators to join me in supporting these important credits."


Trachte Inc._id1770
Latest Top Stories

Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.


AWEA: U.S. Installs 853 MW Of Wind In First Half Of 2014

The American Wind Energy Association (AWEA) reveals the U.S. industry's progress thus far this year and underscores the importance of policy certainty.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965