ABB_id2059
in News Departments > New & Noteworthy
print the content item

With stable tax policy, the wind industry can create and save 54,000 American jobs over the next four years, as well as grow the wind energy manufacturing sector by one-third, to 46,000 jobs, finds a new study by Navigant Consulting.

According to the analysis, this will keep the wind sector on track toward supporting the prediction of 500,000 jobs by 2030, which the U.S. Department of Energy projected during the George W. Bush administration.

The report finds that if Congress allows the production tax credit (PTC) for wind to expire, jobs in the wind industry will be cut in half, meaning a loss of 37,000 American jobs and a one-third cut to American wind manufacturing jobs, while private investment in the industry would drop by nearly two-thirds.

On the other hand, extending the PTC would create 17,000 American jobs, Navigant finds.

With the support of a stable PTC, U.S. domestic production of wind turbine components has grown 12-fold to more than 400 facilities in 43 states over the last six years, shifting manufacturing jobs from overseas back to the U.S., Navigant notes.

In addition, the Navigant study finds that wind energy’s geographically diverse manufacturing base would spread job gains around the country. States that would see significant job and private investment gains from a PTC extension include Colorado, Texas, Iowa, Illinois, Pennsylvania, California, Oregon, North Dakota and Ohio.

“We have made a significant investment during the last three years, creating several hundred jobs for the state of Illinois to support the wind industry domestically,” says Terry R. Royer, CEO of Winergy Drive Systems Corp. “With the uncertainty of the PTC extension, we are seeing the hesitation of our customers to make continued commitments for orders in late 2012 and 2013. An immediate extension is needed to support the investment we have made in our operations and secure the jobs that have been created.”


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015