in News Departments > Policy Watch
print the content item

Throughout the year, several anti-wind groups have lobbied Congress to end the production tax credit (PTC). However, a group of governors seems to have the wind industry's back and is calling for a multi-year extension of the incentive.

Last week, the Governors' Wind Coalition, a bipartisan group of the nation's governors, sent a letter to leaders of Congress defending the wind PTC. Signed by 11 group members, the letter says the following:

“Almost a year ago, many of our citizens who work in the wind industry were subjected to an unnecessary series of layoffs and hardships because Congress failed to extend the wind energy production tax credit in a responsible and timely manner.

Across the nation - from Oregon to Vermont - thousands of Americans working in one of the nation’s most important growth energy industries lost their jobs. We were witness to the hardships that over 5,000 Americans had to endure when they lost their jobs because of the anticipated expiration of the tax credit.

After Congress passed the tax credit extension in January, the nation’s wind industry began a very troubled recovery. The clearest example is the loss of investments. In 2012, the wind industry invested nearly $25 billion. In the first six months of 2013, the wind industry installed just one turbine - a 99 percent drop in investments.

This Congressionally sanctioned uncertainty has hit the nation’s wind industry incredibly hard. The current wind energy production tax credit is due to expire on Dec. 31, 2013. We respectfully urge you not to repeat the legislative brinksmanship of 2012 and to adopt a responsible multi-year extension of the production tax credit so that the wind industry and related industries can plan for a smooth transition to the expiration of the tax credit.

Our nation has some of the best wind resources in the world, but the lack of stable policy hinders the nation’s ability to develop them fully. The nation’s wind industry developers do not need this tax credit forever, but they do need policy certainty in the near term to bring their costs to a fully competitive level.

Please support our states in the pursuit of economic strength, energy diversity, and consumer savings, by acting quickly to adopt a responsible multi-year extension, even if it reduces in value over time, of the production tax credit.”

A copy of the letter is available HERE.





Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


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.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Tower Conference_id1965