in News Departments > Policy Watch
print the content item

Following a partisan feud last week that halted progress, the U.S. Senate has recessed for the Memorial Day break without a vote on whether to advance the EXPIRE Act, a tax extenders package including the production tax credit (PTC) for clean energy and the investment tax credit (ITC) election for wind. Senate leaders from both sides of the aisle have been working on a compromise regarding whether Republicans will be able to make amendments to the bill.

Earlier this week, a broad coalition from the clean energy business community issued a letter to Senators urging speedy passage of the EXPIRE Act. According to the American Wind Energy Association, the PTC and ITC have successfully driven over $118 billion in private investment just from wind energy development to date. The group says landowners, farmers, supply chain manufacturers and other beneficiaries are looking for an immediate extension of the expired tax credits to reenergize new business and project development for various types of clean energy.

“Policy certainty is key to making long-term business decisions,” says Linda Church Ciocci, executive director of the National Hydropower Association. “The expiration of the tax credit injects instability into our members’ decision-making process. We hope that the Senate returns from recess and expeditiously passes the EXPIRE Act, which was approved by the Finance Committee with bipartisan support.”

“The American Farm Bureau believes that a significant part of our nation’s energy should come from the development and use of renewable energy sources,” says Bob Stallman, president of the American Farm Bureau Federation. “These sources are critical to our nation’s energy future and will help further strengthen the overall national security of the United States. Renewable energy sources also contribute to the stability of the rural economy by creating another source of income to our nation’s farmers and ranchers.”

John Purcell, vice president of the energy division at Leeco Steel, adds, “As a manufacturer for the U.S. wind industry, we’re proud to have scaled up to meet the growing demand for wind energy.

“There are over 550 manufacturing facilities in the U.S. capable of churning our American-made materials to provide clean, affordable, home grown energy,” he continues. “We hope that the Senate quickly takes up the EXPIRE Act upon their return so we can focus on increasing production instead of an uncertain market.”

To read more about the EXPIRE Act and the outlook for its ultimate passage, click here.








Trachte Inc._id1770
Latest Top Stories

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008
UnitedEquip_id1995