Statement from Denise Bode, CEO of the American Wind Energy Association, on today's announcement by Vestas and the need to extend the U.S. Production Tax Credit for wind energy

January 12, 2012

 

Washington, DC. (January 12, 2012) – American Wind Energy Association (AWEA) CEO Denise Bode released the following statement today:

“Today's Vestas announcement shows the danger to U.S. manufacturing jobs if Congress waits any longer to extend the Production Tax Credit (PTC). The layoffs have begun, and every week that goes by without a PTC extension puts these good American jobs at greater risk. Manufacturers like Vestas have invested billions of dollars a year in the U.S. economy, and wind energy has become one of the fastest-growing sources of new American manufacturing jobs. Studies show that with stable tax policy the wind industry can grow to nearly 100,000 American jobs in the next four years and support 500,000 American jobs by 2030. But we have to provide this industry with stable tax policy and a predictable business climate. A PTC extension needs to be first on the list of priorities to be included when Congress gets back to work again in a few weeks.”

Read more:

http://www.vestas.com/Files/Filer/EN/Investor/Company_announcements/2012/120112_CA_UK_03.pdf

AWEA is the national trade association of the U.S. wind energy industry. We represent 1,000 member companies and over 100,000 jobs in the U.S. economy, serving as a powerful voice for how wind works for America. Members include global leaders in wind power and energy development, turbine manufacturing, and component and service suppliers. They gather each year at the Western Hemisphere’s largest wind power trade show, the AWEA WINDPOWER Conference & Exhibition, next in Chicago, Illinois, May 7-10, 2018. Find information about wind energy on the AWEA website. Gain insight into industry issues on AWEA's blog, Into the Wind. And please join us on Facebook, and follow @AWEA on Twitter.