in News Departments > New & Noteworthy
print the content item

Legislators were reportedly closing in on a deal that would extend the expiring wind energy production tax credit (PTC) for one year.

At press time, an agreement had been reached in principle but had yet to be finalized by Congress. Peter Kelley, a spokesman for the American Wind Energy Association (AWEA), says that vote could happen anytime between Dec. 31 and Jan. 2.

Notably, the PTC provision being considered contains language that mandates projects start construction in 2013 are for wind projects started in 2013 and mirror the language that was included in the version of the $205 billion tax extender package that the U.S. Senate Finance Committee passed in August.

The uncertainty surrounding the tax credit's expiration paralyzed the U.S. wind industry as wind developers, turbine manufacturers and component suppliers put future planning on hold. According to AWEA, a failure to extend the tax credit this year could lead to more job losses and factory closures in the first quarter of 2013.


Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934