26 Apr '12, 1pm

Message to Congress: Not Picking Energy Winners Should Not Mean Disadvantaging Clean Tech

Message to Congress: Not Picking Energy Winners Should Not Mean Disadvantaging Clean Tech

While our discussions aimed to support job-building industry incentives, EPA regulations, and military clean-energy initiatives, one topic continued to take center stage: the production tax credit (PTC) for wind energy. Set to expire at the end of this year, the PTC (which provides a 2.2 cents/kWh incentive for wind power producers) has come to epitomize the lack of federal clean-energy commitment. The inability to provide long-term certainty to investors over the years has resulted in a jarring boom-bust cycle for the U.S. wind industry. A market contraction this time, however, would have far more negative impact, as the recent supply chain build out in the U.S. means we have many more American wind jobs to lose (domestic content of wind turbines installed in the U.S. today is nearly 70 percent, compared to just 25 percent in 2006). As many as 37,000 wind supported U.S. j...

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

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