20 Mar '12, 5pm

Citing need for certainty, BP's Landis calls for #PTC extension: #windworks #windpower

BP Alternative Energy CEO Katrina Landis, pointing to the wind power industry's success in reducing costs and the need for business certainty going forward, yesterday urged that the federal wind energy Production Tax Credit (PTC) be extended beyond its scheduled expiration at the end of this year. Landis made her remarks in an interview with Bloomberg News at the Bloomberg New Energy Finance Summit in New York City. A separate interview with Bloomberg Television is also available. Landis called the PTC "a really compelling example of a technology and an incentive program that's working," with the price of electricity generated from wind coming down substantially over the past 20 years. "As an example," she said, "[wind] turbines which are available to market today have shown a 20 percent improvement in technology costs as result of advances that are being made in the blade...

Full article: http://www.awea.org/blog/index.cfm?customel_dataPageID_16...

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New York

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