in News Departments > New & Noteworthy
print the content item

The American Wind Energy Association (AWEA) hailed Senate approval of the recent economic stimulus bill, which includes several provisions designed to create incentives for wind and other renewable energy industries.

"This stimulus package is a critical down payment on long-term policies to enhance energy security, encourage new economic investment in jobs and address climate change," says Greg Wetstone, AWEA's senior director for governmental affairs.

The Senate-passed bill includes a $7 billion renewable energy loan guarantee program (an amount that is $1 billion less than the level provided in the House version of the bill), a three-year extension of the federal production tax credit, an additional year of bonus depreciation for 2009, elimination of the cost caps for the small wind investment tax credit and targeted provisions to encourage construction of new transmission lines to deliver electricity generated from renewables.

Wetstone noted that the industry will be pushing for inclusion in the final legislation of a Department of Energy grant program included in the House bill last month.

SOURCE: American Wind Energy Association


Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


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.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008