10 Feb '12, 8pm

HUGE Push to Save Renewable Energy Subsidies (Wind, Solar, Geothermal, Biomass, & Hydro)

HUGE Push to Save Renewable Energy Subsidies (Wind, Solar, Geothermal, Biomass, & Hydro)

The geothermal industry has added over $1 billion in new power projects to the grid since the Congress extended the PTC to geothermal energy in 2005, bringing several thousand drilling, construction and operating jobs to often rural areas with high unemployment,” said Karl Gawell, Executive Director, Geothermal Energy Association notes. ”But with a project lead time of 4 years or more, the geothermal industry has already reached its so-called tax credit cliff, even if the legal deadline is 2013. This is not just undermining projects in 16 states with new geothermal power projects, it is also costing vendors lost orders in over 46 states that supply geothermal projects. It is more critical than ever for Congress to adopt a longer time frame for geothermal incentives. We urge action now to extend the tax deadline from 2013 to at least 2016.”

Full article: http://cleantechnica.com/2012/02/10/huge-push-to-save-ren...

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