26 May '11, 11am

Three Answers Blowing in the Wind

Three Answers Blowing in the Wind

Top wind industry CEOs agreed, in a key Windpower 2011 panel discussion that happened to fall on Bob Dylan’s 70th birthday, that uncertainty stemming from a failure of policy support is a troubling answer for them in the U.S. political winds. Power from wind turbines, the American Wind Energy Association said, depends on power on Capitol Hill. Hoped-for growth-driving measures, like a national Renewable Energy Standard (RES) requiring utilities to obtain a portion of their power from renewables, disappeared with last year’s proposals for an energy bill . The cash grant in lieu of tax credits, a key incentive provided by the 2009 Democratic Congress to get the industry through the Great Recession, will expire at the end of this year and is not expected to be resuscitated by the current budget-conscious Congress . Only the Production Tax Credit (PTC), the industry’s longtime...

Full article: http://www.greentechmedia.com/articles/read/three-answers...

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