08 Mar '12, 4pm

Renewable Energy PTC and 1603 Extensions Tacked Onto Senate Bill

The wind and solar industries have been pushing strongly to get extensions of popular federal programs onto existing legislation, and they will now be included in a massive highway spending bill. Sen. Debbie Stabenow, D-Mich., has introduced an amendment that would grant a one-year extension of the Production Tax Credit aimed mainly at the wind industry and would for one year revive the recently expired Section 1603 Treasury Grant that had been a boon for the solar industry. It also includes incentives for cellulosic biofuel, biodiesel and renewable diesel. The Senate bill would need 60 votes for approval, meaning it would require a significant number of Republicans to cross the aisle. Chuck Grassley, a well respected Republican senator from Iowa has been a leading proponent of the state’s wind industry, and other states with a strong and growing renewables presence, like ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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Renewable Energy PTC and 1603 Extensions Tacked...

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